Common use of Limitation on General Condition Costs Clause in Contracts

Limitation on General Condition Costs. 24.4.1 The maximum allowable amount of General Conditions Costs payable to the Construction Manager during the Construction Phase of the Project shall not exceed to Click to Enter Percent percent (XX.XX%) of the Guaranteed Maximum Price for the Project. 24.4.2 Based on the anticipated GMP established at the time of this Agreement, the maximum allowable amount of General Conditions Costs would be the total amount of: Click to Enter Amount Dollars ($ 000,000,000.00); 24.4.3 If the Owner agrees to an increase in the Guaranteed Maximum Price during the Construction Phase the maximum allowable amount of General Conditions Costs shall be equitably adjusted by applying the percentage established in paragraph 24.4.1 to the amount of the increase in the GMP. For change order work which increases the contract amount, other than Guarantee Maximum Price Change Orders, overhead and profit costs shall be determined in accordance with the “Changes” section of the Uniform General Conditions. 24.4.4 The percentage rate established in paragraph 24.4.1 of this Agreement for calculation of the General Conditions Costs cannot be increased except with the express written approval of the Associate Vice President for Campus Planning and Project Management.

Limitation on General Condition Costs. 24.4.1 The maximum allowable amount of General Conditions Costs payable to the Construction Manager Design/Build Contractor during the Construction Phase of the Project shall not exceed to Click to Enter Percent percent (XX.XX%( %) of the Guaranteed Maximum Price for the Project. 24.4.2 Based on the anticipated GMP established at the time of this Agreement, the maximum allowable amount of General Conditions Costs would be the total amount of: Click to Enter Amount Dollars ($ 000,000,000.00);. 24.4.3 If the Owner agrees to an increase in the Guaranteed Maximum Price during the Construction Phase the maximum allowable amount of General Conditions Costs shall be equitably adjusted by applying the percentage established in paragraph 24.4.1 to the amount of the increase in the GMP. For change order work which increases the contract amount, other than Guarantee Maximum Price Change Orders, overhead and profit costs shall be determined in accordance with the “Changes” section of the Uniform General and Supplementary Conditions. 24.4.4 The percentage rate established in paragraph 24.4.1 of this Agreement for calculation of the maximum allowable amount of General Conditions Costs cannot be increased except with the express written approval of the Associate Vice President Director for Campus Project Management, Office of Facilities Planning and Project ManagementConstruction.

Limitation on General Condition Costs. 24.4.1 The maximum allowable amount of General Conditions Costs payable to the Construction Manager during the Construction Phase of the Project shall not exceed to Click to Enter Percent percent (XX.XX%( %) of the Guaranteed Maximum Price for the Project. 24.4.2 Based on the anticipated GMP established at the time of this Agreement, the maximum allowable amount of General Conditions Costs would be the total amount of: Click to Enter Amount Dollars ($ 000,000,000.00); 24.4.3 If the Owner agrees to an increase in the Guaranteed Maximum Price during the Construction Phase the maximum allowable amount of General Conditions Costs shall be equitably adjusted by applying the percentage established in paragraph 24.4.1 to the amount of the increase in the GMP. For change order work which increases the contract amount, other than Guarantee Maximum Price Change Orders, overhead and profit costs shall be determined in accordance with the “Changes” section of the Uniform General Conditions. 24.4.4 The percentage rate established in paragraph 24.4.1 of this Agreement for calculation of the General Conditions Costs cannot be increased except with the express written approval of the Associate Assistant Vice President for Campus Planning Facilities overseeing Engineering and Project Management.

Limitation on General Condition Costs. 24.4.1 The maximum allowable amount of General Conditions Costs payable to the Construction Manager during the Construction Phase of the Project shall not exceed to Click to Enter Percent percent (XX.XX%( %) of the Guaranteed Maximum Price for the Project. 24.4.2 Based on the anticipated GMP established at the time of this Agreement, the maximum allowable amount of General Conditions Costs would be the total amount of: Click to Enter Amount Dollars ($ 000,000,000.00); 24.4.3 If the Owner agrees to an increase in the Guaranteed Maximum Price during the Construction Phase the maximum allowable amount of General Conditions Costs shall be equitably adjusted by applying the percentage established in paragraph 24.4.1 to the amount of the increase in the GMP. For change order work which increases the contract amount, other than Guarantee Maximum Price Change Orders, overhead and profit costs shall be determined in accordance with the “Changes” section of the Uniform General Conditions. 24.4.4 The percentage rate established in paragraph 24.4.1 of this Agreement for calculation of the General Conditions Costs cannot be increased except with the express written approval of the Associate Vice President for Campus Planning President, UTMB Design and Project ManagementConstruction.

Limitation on General Condition Costs. 24.4.1 The maximum allowable amount of General Conditions Costs payable to the Construction Manager during the Construction Phase of the Project shall not exceed to Click to Enter Percent percent (XX.XX%( %) of the Guaranteed Maximum Price for the Project. 24.4.2 Based on the anticipated GMP established at the time of this Agreement, the maximum allowable amount of General Conditions Costs would be the total amount of: Click to Enter Amount Dollars ($ 000,000,000.00); 24.4.3 If the Owner agrees to an increase in the Guaranteed Maximum Price during the Construction Phase the maximum allowable amount of General Conditions Costs shall be equitably adjusted by applying the percentage established in paragraph 24.4.1 to the amount of the increase in the GMP. For change order work which increases the contract amount, other than Guarantee Maximum Price Change Orders, overhead and profit costs shall be determined in accordance with the “Changes” section of the Uniform General Conditions. 24.4.4 The percentage rate established in paragraph 24.4.1 of this Agreement for calculation of the General Conditions Costs cannot be increased except with the express written approval of the Associate Vice President for Campus Planning and Project Executive Director of Program Management, .

Limitation on General Condition Costs. 24.4.1 The maximum allowable amount of General Conditions Costs payable to the Construction Manager Design/Build Contractor during the Construction Phase of the Project shall not exceed to Click to Enter Percent percent (XX.XX%( %) of the Guaranteed Maximum Price for the Project. 24.4.2 Based on the anticipated GMP established at the time of this Agreement, the maximum allowable amount of General Conditions Costs would be the total amount of: Click to Enter Amount Dollars ($ 000,000,000.00);. 24.4.3 If the Owner agrees to an increase in the Guaranteed Maximum Price during the Construction Phase the maximum allowable amount of General Conditions Costs shall be equitably adjusted by applying the percentage established in paragraph 24.4.1 to the amount of the increase in the GMP. For change order work which increases the contract amount, other than Guarantee Maximum Price Change Orders, overhead and profit costs shall be determined in accordance with the “Changes” section of the Uniform General and Supplementary Conditions. 24.4.4 The percentage rate established in paragraph 24.4.1 of this Agreement for calculation of the maximum allowable amount of General Conditions Costs cannot be increased except with the express written approval of the Associate Vice President Director for Campus Planning and Project Management, Office of Capital Projects.

Limitation on General Condition Costs. 24.4.1 The maximum allowable amount of General Conditions Costs payable to the Construction Manager during the Construction Phase of the Project shall not exceed to Click to Enter Percent percent (XX.XX%( %) of the Guaranteed Maximum Price for the Project. 24.4.2 Based on the anticipated GMP established at the time of this Agreement, the maximum allowable amount of General Conditions Costs would be the total amount of: Click to Enter Amount Dollars ($ 000,000,000.00); 24.4.3 If the Owner agrees to an increase in the Guaranteed Maximum Price during the Construction Phase the maximum allowable amount of General Conditions Costs shall be equitably adjusted by applying the percentage established in paragraph 24.4.1 to the amount of the increase in the GMP. For change order work which increases the contract amount, other than Guarantee Maximum Price Change Orders, overhead and profit costs shall be determined in accordance with the “Changes” section of the Uniform General Conditions. 24.4.4 The percentage rate established in paragraph 24.4.1 of this Agreement for calculation of the General Conditions Costs cannot be increased except with the express written approval of the Associate Vice President for Campus Executive Director of Program Management, Office of Facilities Planning and Project ManagementConstructionThe.