GUARANTEED MAXIMUM PRICE PROPOSAL. 7.1 At the conclusion of the Design Development phase the Contractor shall prepare and submit a Guaranteed Maximum Price Proposal to Owner based on the Design Development phase documents and review comments. The GMP shall be delivered to the Owner within three (3) weeks of the Design Development review meeting or a date established by the Owner. The GMP Proposal must be prepared in accordance with the guidelines established by Owner and delivered in the format specified by Owner in Exhibit “E” attached to this Agreement. Owner, at its sole option and discretion, may specify different requirements for the GMP Proposal. Contractor shall not withdraw its Guaranteed Maximum Price Proposal for ninety (90) days following submission to Owner.
GUARANTEED MAXIMUM PRICE PROPOSAL. The Design-Builder shall propose a Guaranteed Maximum Price (GMP) and shall include in his proposal all services, equipment, labor, and materials required by the Contract Documents. Upon approval, the GMP Change Order, including the Design-Builder’s proposal, will become a part of the Contract Documents.
GUARANTEED MAXIMUM PRICE PROPOSAL. § 3.2.1 At a time to be mutually agreed upon by the Owner and the Construction Manager, the Construction Manager shall prepare a Guaranteed Maximum Price proposal for the Owner’s and Architect’s review, and the Owner’s acceptance. The Guaranteed Maximum Price in the proposal shall be the sum of the Construction Manager’s estimate of the Cost of the Work, the Construction Manager’s contingency described in Section 3.2.4, and the Construction Manager’s Fee described in Section 6.1.2.
GUARANTEED MAXIMUM PRICE PROPOSAL. When the Parties agree that the design of the Project is sufficiently developed and documented to allow detailed pricing of its construction, Construction Manager shall prepare and submit a Guaranteed Maximum Price (“GMP”) Proposal to Owner. The GMP Proposal must be prepared in accordance with the guidelines and delivered in the format specified by Owner in the attached exhibits. Owner, at its sole option and discretion, may specify different requirements for the GMP Proposal. Construction Manager shall not withdraw its Guaranteed Maximum Price Proposal for ninety (90) days following submission to the Owner. In developing the GMP Proposal, the Construction Manager shall coordinate efforts with the Project Architect to identify qualifications, clarifications, assumptions, exclusions, value engineering and any other factors relevant to establishment of a GMP. The Construction Manager shall review development of the GMP Proposal with the Owner on an ongoing basis to address clarifications of scope and pricing, distribution of contingencies, schedule, assumptions, exclusions, and other matters relevant to the establishment of a GMP. The GMP Proposal must include a written description of how it was derived that specifically identifies the clarifications and assumptions made by the Construction Manager in the GMP and the monetary amounts attributable to them. The GMP Proposal shall include, without limitation, a breakdown of Construction Manager’s estimated General Conditions Costs and estimated Costs of the Work organized by trade; contingency amounts; the Construction Phase Fee; and the proposed Contract Time, including dates for Notice to Proceed, Substantial Completion and Final Completion. The Guaranteed Maximum Price Proposal shall allow for reasonably expected changes and refinements in the Drawings and Specifications through completion of the Construction Documents, except for material changes in scope. The GMP Proposal may include a Construction Manager’s Contingency amount as allowed under Cost of the Work. Included with its GMP Proposal, Construction Manager shall provide two complete, bound sets of the drawings, specifications, plans, sketches, instructions, requirements, materials, equipment specifications and other information or documents that fully describe the Project as developed at the time of the GMP Proposal and that are relevant to the establishment of the GMP. The bound supporting documents shall be referenced in and incorporated into the ...
GUARANTEED MAXIMUM PRICE PROPOSAL. 7.1 When the Parties agree that the design of the Project is sufficiently developed and documented to allow detailed pricing of its construction, Construction Manager shall prepare and submit a Guaranteed Maximum Price (“GMP”) Proposal to Owner. The GMP Proposal must be prepared in accordance with the guidelines and delivered in the format specified by Owner in the attached exhibits. Owner, at its sole option and discretion, may specify different requirements for the GMP Proposal. Construction Manager shall not withdraw its Guaranteed Maximum Price Proposal for ninety (90) days following submission to the Owner.
GUARANTEED MAXIMUM PRICE PROPOSAL. 3.5.1 At the time set forth on Exhibit E, which shall be prior to performance of Construction Services, the Construction Manager shall prepare and deliver to the Owner, with a copy to the Professional, a Guaranteed Maximum Price (“GMP”) proposal. The Construction Manager shall, at a minimum, include in the GMP proposal:
GUARANTEED MAXIMUM PRICE PROPOSAL. The Construction Manager hereby submits to The Board of Regents of The University of Texas System for the use and benefit of The University of Texas _______________________________ [CM -Insert Component Name] pursuant to the provisions of Article VII of the Agreement by and between The Board of Regents of The University of Texas System for the use and benefit of The University of Texas _______________________________ and ______________________________________ dated [CM - Insert Component Name] [CM - Insert Construction Manager Name] __________________________, 20__ (the “Agreement”), a Guaranteed Maximum Price (GMP) [CM - Insert Month and Day] for the _______________________________________________________________________, [CM - Insert Project Name and Stage, Component Name, State, City] project number _____ - _____ (as defined in the Agreement), based on the Contract Documents [CM - Insert Project No.] (as defined by the Agreement) developed for the Project, as follows: A not-to exceed amount for the Cost of the Work pursuant to the Agreement: $______________________ A not-to exceed amount for the General Conditions pursuant to the Agreement: $______________________ A not-to exceed amount for the Construction Manager’s Contingency pursuant to the Agreement: $______________________ A lump sum amount for the Construction Phase Fee pursuant to the Agreement: $______________________ Owner’s Special Cash Allowance provided by the Owner: $______________________ Owner’s Construction Contingency provided by the Owner. This is a lump sum amount from which changes are to be paid in accordance with the Uniform General Conditions for University of Texas System Building Construction Contracts. Any unused amount will be deducted from the Guaranteed Maximum Price by Change Order: $______________________
GUARANTEED MAXIMUM PRICE PROPOSAL. 7.1 When the Parties agree that the design of the Project is sufficiently developed and documented to allow detailed pricing of its construction, Construction Manager shall prepare and submit a Guaranteed Maximum Price (GMP)
GUARANTEED MAXIMUM PRICE PROPOSAL. CM/GC shall propose a Guaranteed Maximum Price (GMP) Change Order which, if accepted, shall set the maximum Contract Sum and shall include all Work required for construction of the Project in accordance with the all previously issued Construction Documents and Component Construction Documents and the assumptions stated in the GMP Change Order. Upon execution, the proposed GMP Change Order will become a part of the Contract Documents.
GUARANTEED MAXIMUM PRICE PROPOSAL. 7.1 At the conclusion of the Design Development phase the Contractor shall prepare and submit a Guaranteed Maximum Price Proposal to Owner based on the Design Development phase documents and review comments. The GMP Proposal shall be delivered to the Owner within three
