Guaranteed Maximum Price Proposal and Contract Time. 3.10.1 When the Construction Documents are 98% complete, Construction Manager will propose a GMP, which is the total not-to-exceed estimate of the cost of Work and the Construction Manager’s fee, and which is attached hereto as Exhibit “C.” The GMP shall include all labor, materials, equipment, tools, construction equipment and machinery, water, heat, utilities, transportation, and any other services necessary for the proper execution and completion of the Work. Except as provided in this Article 3 and Exhibit “C”, the Cost of the Work shall not include: 3.10.1.1 Salaries and other compensation of the Construction Manager’s personnel stationed at the Construction Manager’s principal office or offices other than the site office. 3.10.1.2 Expenses of the Construction Manager’s principal office and offices other than the site office. 3.10.1.3 Off-site overhead and general expenses 3.10.1.4 The Construction Manager’s capital expenses, including interest on the Construction Manager’s capital employed for the Work. 3.10.1.5 Any costs not specifically and expressly described in this Article 3 or Exhibit “C”. 3.10.2 After the Construction Manager proposes a GMP, the Architect shall not modify the Construction Documents to include such things as changes in scope, systems, kinds and quality of materials, finishes or equipment. If these modifications are required, all of which, if required, shall be incorporated by change order 3.10.3 The GMP cost of Work shall include the Construction Manager’s contingency, which is defined as a sum estimated by the Construction Manager to cover unforeseen costs during construction. The Owner retains exclusive use of the contingency, and all expenditures must be approved in writing by the Owner.
Appears in 6 contracts
Samples: Construction Management Agreement, Construction Management Agreement, Construction Management Agreement
