Incentive Benchmark Proposal Sample Clauses

Incentive Benchmark Proposal. 4.5.1 Contractor shall prepare the Incentive Benchmark Proposal in accordance with the Standard of Care, to reflect Contractor’s best estimate of what the Cost of the Work will ultimately be, without any allowance for contingencies or reserves (other than the Allowances provided for in Section 4.11.1). Contractor acknowledges receipt of the Incentive Benchmark Drawings and Specifications by electronic transmittal on May 18, 2019 and shall deliver the Incentive Benchmark Proposal to MSG on or before July 17, 2019. 4.5.2 The Incentive Benchmark Proposal shall include, in addition to the Incentive Benchmark Qualifications and Assumptions: 4.5.2.1 a detailed schedule of values detailing: 4.5.2.1.1 the estimated Cost of the Work to be incurred by Contractor organized by trade categories (which shall include any Costs of the Work incurred under the LNTP and under any Early Work Package Agreements (including to the extent such Work has been fully bought out or completed)); 4.5.2.1.2 all estimated Allowances listed in accordance with Section 4.5.2.4; 4.5.2.1.3 estimated General Conditions Costs and General Requirements Work Expenses, including wages, rates and burdens (based on the rates set forth in Schedule Q together with any other wages, rates and burdens to be agreed to with MSG); 4.5.2.1.4 the Allocation; and 4.5.2.1.5 the Contractor’s Fee, as set forth in Schedule E, 4.5.2.2 a statement of the proposed Incentive Benchmark, which proposed Incentive Benchmark will equal the sum of the amounts listed in the detailed schedule of values described in Section 4.5.2.1; 4.5.2.3 Contractor’s Incentive Benchmark Qualifications and Assumptions; 4.5.2.4 a list of proposed Allowances and for each such Allowance, the estimated amount for such Allowance and a statement of its basis, as more fully described in Section 4.11; 4.5.2.5 a schedule of applicable alternate prices (for alternates requested by MSG); 4.5.2.6 a proposed Construction Schedule and a proposed Submittal Schedule; 4.5.2.7 a schedule of unit prices to be used in the calculation of Change Order amounts; provided that the failure of the Parties to agree on such unit prices will not affect the effectiveness of the remainder of the Incentive Benchmark Proposal; 4.5.2.8 a proposed Staffing Plan (which Staffing Plan shall include the staff of major Subcontractors as agreed between the Parties); 4.5.2.9 the time limit for validity of the Incentive Benchmark Proposal (which shall not be less than ninety (90) Days a...