Common use of Guaranteed Maximum Price Clause in Contracts

Guaranteed Maximum Price. The Construction Manager guarantees that the Contract Sum shall not exceed the Guaranteed Maximum Price set forth in the Guaranteed Maximum Price Amendment, subject to additions and deductions by Change Order as provided in the Contract Documents. Costs which would cause the Guaranteed Maximum Price to be exceeded shall be paid by the Construction Manager without reimbursement by the Owner.

Appears in 18 contracts

Samples: cdnsm5-ss10.sharpschool.com, cdnsm5-ss10.sharpschool.com, go.boarddocs.com

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Guaranteed Maximum Price. § 5.2.1 The Construction Manager guarantees that the Contract Sum shall not exceed the Guaranteed Maximum Price set forth in the Guaranteed Maximum Price Amendment, subject as it is amended from time to additions and deductions by Change Order as provided time. To the extent the Cost of the Work exceeds the Guaranteed Maximum Price, the Construction Manager shall bear such costs in the Contract Documents. Costs which would cause excess of the Guaranteed Maximum Price to be exceeded shall be paid by without reimbursement or additional compensation from the Owner. (Insert specific provisions if the Construction Manager without reimbursement by the Owneris to participate in any savings.) « »

Appears in 7 contracts

Samples: cityofsewardne.gov, cms7files.revize.com, kemah-tx.gov

Guaranteed Maximum Price. § 5.2.1 The Construction Manager guarantees that the Contract Sum shall not exceed the Guaranteed Maximum Price set forth in the Guaranteed Maximum Price Amendment, subject as it is amended from time to additions and deductions by Change Order as provided time. To the extent the Cost of the Work exceeds the Guaranteed Maximum Price, the Construction Manager shall bear such costs in the Contract Documents. Costs which would cause excess of the Guaranteed Maximum Price to be exceeded shall be paid by the Construction Manager without reimbursement by or additional compensation from the Owner.

Appears in 3 contracts

Samples: www.fortsmithschools.org, www.fortsmithschools.org, www.fortsmithschools.org

Guaranteed Maximum Price. The Construction Manager guarantees that the Contract Sum shall not exceed the Guaranteed Maximum Price set forth in the Guaranteed Maximum Price AmendmentAmendment(s), subject to additions and deductions by Change Order as provided in the Contract Documents. Costs which would cause the Guaranteed Maximum Price to be exceeded shall be paid by the Construction Manager without reimbursement by the Owner.

Appears in 2 contracts

Samples: www.vcsedu.org, www.vcsedu.org

Guaranteed Maximum Price. § 5.2.1 The Construction Manager guarantees that the Contract Sum shall not exceed the Guaranteed Maximum Price set forth in the Guaranteed Maximum Price Amendment, subject as it is amended from time to additions and deductions by Change Order as provided time. To the extent the Cost of the Work exceeds the Guaranteed Maximum Price, the Construction Manager shall bear such costs in the Contract Documents. Costs which would cause excess of the Guaranteed Maximum Price to be exceeded shall be paid by without reimbursement or additional compensation from the Owner. (Insert specific provisions if the Construction Manager without reimbursement by the Owneris to participate in any savings.) «N/A»

Appears in 2 contracts

Samples: www.durhamnc.gov, www.durhamnc.gov

Guaranteed Maximum Price. § 5.2.1 The Construction Manager guarantees that the Contract Sum shall not exceed the Guaranteed Maximum Price set forth in the Guaranteed Maximum Price Amendment, subject as it is amended from time to additions and deductions by Change Order as provided time. To the extent the Cost of the Work exceeds the Guaranteed Maximum Price, the Construction Manager shall bear such costs in the Contract Documents. Costs which would cause excess of the Guaranteed Maximum Price to be exceeded shall be paid by without reimbursement or additional compensation from the Owner. (Insert specific provisions if the Construction Manager without reimbursement by the Owneris to participate in any savings.)

Appears in 2 contracts

Samples: co.silverbow.mt.us, crookcounty.k12.or.us

Guaranteed Maximum Price. § 5.2.1 The Construction Manager guarantees that the Contract Sum shall not exceed the Guaranteed Maximum Price set forth in the Guaranteed Maximum Price Amendment, subject as it is amended from time to additions and deductions by Change Order as provided in the Contract Documentstime. Costs which would cause the Guaranteed Maximum Price to be exceeded shall be paid by COSTS WHICH WOULD CAUSE A GUARANTEED MAXIMUM PRICE TO BE EXCEEDED SHALL BE PAID BY THE CONSTRUCTION MANAGER WITHOUT REIMBURSEMENT BY THE OWNER. (Insert specific provisions if the Construction Manager without reimbursement by the Owneris to participate in any savings.)

Appears in 1 contract

Samples: durhamnc.gov

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Guaranteed Maximum Price. The Construction Manager guarantees that the Contract Sum shall not exceed the Guaranteed Maximum Price set forth in the Guaranteed Maximum Price Amendment, subject to additions and deductions by Change Order as provided in the Contract Documents. Costs which would cause the Guaranteed Maximum Price to be exceeded shall be paid by the Construction Manager without reimbursement by the Owner. All savings from the Guaranteed Maximum Price shall inure to the benefit of the Owner.

Appears in 1 contract

Samples: www.bidnet.com

Guaranteed Maximum Price. The Construction Manager guarantees that the Contract Sum shall not exceed the Guaranteed Maximum Price set forth in the Guaranteed Maximum Price Amendment, subject to additions and deductions by Change Order as provided in the Contract Documents. Costs which would cause the Guaranteed Maximum Price to be exceeded shall be paid by the Construction Manager without reimbursement by the Owner. To the extent the Cost of the Work is less than the Guaranteed Maximum Price, the Construction Manager shall not be entitled to the difference or any portion thereof.

Appears in 1 contract

Samples: case.edu

Guaranteed Maximum Price. § 5.2.1 The Construction Manager guarantees that the Contract Sum shall not exceed the Guaranteed Maximum Price set forth in the Guaranteed Maximum Price Amendment, subject as it is amended from time to additions and deductions by Change Order as provided in the Contract Documentstime. Costs which would cause the Guaranteed Maximum Price to be exceeded shall be paid by COSTS WHICH WOULD CAUSE A GUARANTEED MAXIMUM PRICE TO BE EXCEEDED SHALL BE PAID BY THE CONSTRUCTION MANAGER WITHOUT REIMBURSEMENT BY THE OWNER. (Insert specific provisions if the Construction Manager without reimbursement by the Owneris to participate in any savings.) «N/A»

Appears in 1 contract

Samples: www.durhamnc.gov

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