Common use of GUARANTEED MAXIMUM PRICE PROPOSAL Clause in Contracts

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 _______________________________ 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 __________________________, 20__ (the “Agreement”), a Guaranteed Maximum Price (GMP) for the _______________________________________________________________________, project number _____ - _____ (as defined in the Agreement), based on the Contract Documents (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. 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 _______________________________ at San Antonio 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 _______________________________ at San Antonio and ______________________________________ dated __________________________, 20__ (the “Agreement”), a Guaranteed Maximum Price (GMP) for the _______________________________________________________________________, project number _____ - _____ (as defined in the Agreement), based on the Contract Documents (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. The Construction Manager hereby submits to The Board of Regents of The University of Texas System Owner for the use and benefit of The University of Texas _______________________________ Owner pursuant to the provisions of Article VII 8 of the Agreement by and between The Board of Regents of The University of Texas System for Xxxxxxxxxx County (the use “Owner”) and benefit of The University of Texas _______________________________ and ______________________________________ Chasco Constructors, LTD., L.L.P. (the “Construction Manager”) dated __________________________, 20___ (the “Agreement”), a Guaranteed Maximum Price (GMP) for the _______________________________________________________________________construction of the Round Rock Annex, project number _____ - _____ which is to be constructed and situated at 0000-0000 X. Xxx Xxxxxxxx Xxxxxxxxx, Xxxxx Xxxx, Xxxxx 00000, (the “Project”, as defined in the Agreement), based on the Contract Documents (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 Contractsand the Supplementary General Conditions. Any unused amount will be deducted from the Guaranteed Maximum Price by Change Order: $______________________