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 17 contracts

Samples: Standard Form of Agreement Between Owner and Construction Manager as Constructor, Standard Form of Agreement Between Owner and Construction Manager as Constructor, Standard Form of Agreement Between Owner and Construction Manager as Constructor

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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 the Construction Manager without reimbursement by or additional compensation from the Owner.

Appears in 3 contracts

Samples: Standard Form of Agreement Between Owner and Construction Manager as Constructor, Construction Manager Agreement, Standard Form of Agreement Between Owner and Construction Manager as Constructor

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 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 2 contracts

Samples: Standard Form of Agreement Between Owner and Construction Manager as Constructor, Standard Form of Agreement Between Owner and Construction Manager as Constructor

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: Standard Form of Agreement Between Owner and Construction Manager as Constructor

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. To the extent the Cost of the Work exceeds the Guaranteed Maximum Price, the Construction Manager shall bear such costs in excess of the Guaranteed Maximum Price without reimbursement or additional compensation from the Owner. § 5.2.2 The Guaranteed Maximum Price shall not be subject to additions and deductions by Change Order Order. The Date of Substantial Completion shall be subject to adjustment 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 1 contract

Samples: Standard Form of Agreement Between Owner and Construction Manager as Constructor

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: Standard Form of Agreement Between Owner and Construction Manager as Constructor

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 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 the Construction Manager without reimbursement by the OwnerCOSTS WHICH WOULD CAUSE A GUARANTEED MAXIMUM PRICE TO BE EXCEEDED SHALL BE PAID BY THE CONSTRUCTION MANAGER WITHOUT REIMBURSEMENT BY THE OWNER.

Appears in 1 contract

Samples: Standard Form of Agreement Between Owner and Construction Manager as Constructor

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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, as it is amended from time to time. To the extent the Cost of § 5.2.2 The Guaranteed Maximum Price is subject to additions and deductions by Change Order as provided in O Contract Documents and the Contract Documents. Costs which would cause the Guaranteed Maximum Price to be exceeded Date of Substantial Completion shall be paid by the Construction Manager without reimbursement by the Ownersubject to adjustment a Documents.

Appears in 1 contract

Samples: Standard Form of Agreement Between Owner and Construction Manager as Constructor

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 1 contract

Samples: Standard Form of Agreement Between Owner and Construction Manager as Constructor

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

Appears in 1 contract

Samples: Standard Form of Agreement Between Owner and Construction Manager as Constructor

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