Common use of Limitation on General Condition Costs Clause in Contracts

Limitation on General Condition Costs. A. The maximum allowable amount of General Conditions Costs payable to the Contractor during the Construction Phase, based on the anticipated GMP established at the time of this Agreement, would be the total amount of: Dollars ($ ); B. If Owner agrees by express written approval to an increase or decrease in the Guaranteed Maximum Price the maximum allowable amount of General Conditions Costs shall be equitably adjusted by an amount determined by Owner taking into consideration the effect of the increase or decrease on General Conditions Costs.

Appears in 2 contracts

Sources: Design Build Contract, Construction Contract

Limitation on General Condition Costs. A. The maximum allowable amount of General Conditions Costs payable to the Contractor during the Construction Phase, based on the anticipated GMP established at the time of this Agreement, would be the total amount of: Dollars ($ ); B. If Owner agrees by express written approval to an increase or decrease in the Guaranteed Maximum Price the maximum allowable amount of General Conditions Costs shall be equitably adjusted by an amount determined by Owner taking into consideration the effect of the increase or decrease on General Conditions Costs.:

Appears in 2 contracts

Sources: Design Build Contract, Construction Contract

Limitation on General Condition Costs. A. The maximum allowable amount of General Conditions Costs payable to the Contractor during the Construction Phase, based on the anticipated GMP established at the time of this Agreement, would be the total amount of: Dollars ($ );: B. If Owner agrees by express written approval to an increase or decrease in the Guaranteed Maximum Price the maximum allowable amount of General Conditions Costs shall be equitably adjusted by an amount determined by Owner taking into consideration the effect affect of the increase or decrease on General Conditions Costs.

Appears in 1 contract

Sources: Construction Management Agreement

Limitation on General Condition Costs. A. The maximum allowable amount of General Conditions Costs payable to the Contractor during the Construction Phase, based on the anticipated GMP established at the time of this Agreement, would be the total amount of: Dollars ($ ); B. If Owner agrees by express written approval to an increase or decrease in the Guaranteed Maximum Price the maximum allowable amount of General Conditions Costs shall be equitably adjusted by an amount determined by Owner taking into consideration the effect of the increase or decrease on General Conditions Costs.

Appears in 1 contract

Sources: Design Build Contract