Common use of Owner Savings Clause in Contracts

Owner Savings. If the sum of the Preconstruction Fee, plus the CM/GC Fee, plus the actual and final Cost of the Work (the Contract Sum as defined in Article 6.1), is less than the GMP, the savings shall accrue to the Owner.

Appears in 24 contracts

Samples: Cm/Gc Contract, Cm/Gc Contract, Construction Manager/General Contractor Contract

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Owner Savings. If the sum of the Preconstruction Fee, plus the CM/GC Fee, plus the actual and final Cost of the Work (the Contract Sum as defined in Article 6.1), is less than the GMP, the savings shall accrue to the Owner.

Appears in 4 contracts

Samples: Construction Manager/General Contractor Contract, Cm/Gc Contract, Construction Manager/General Contractor Contract

Owner Savings. If the sum of the Preconstruction Fee, plus the CM/GC Contractor Fee, plus the actual and final Cost of the Work (the Contract Sum as defined in Article 6.1), is less than the GMP, the savings shall accrue to the Owner.

Appears in 2 contracts

Samples: Construction Services Contract, Emergency Construction Services Contract

Owner Savings. If the sum of the Preconstruction FeeServices, plus the CM/GC Fee, plus the actual and final Cost of the Work (the Contract Sum as defined in Article 6.1), is less than the GMP, the savings shall accrue to the Owner.

Appears in 1 contract

Samples: Construction Manager/General Contractor Contract

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Owner Savings. If the sum of the Preconstruction Fee, plus the CM/GC Fee, plus the actual and final Cost of the Work (the Contract Agreement Sum as defined in Article 6.1), is less than the GMP, the savings shall accrue to the Owner.

Appears in 1 contract

Samples: Construction Manager/General Contractor Agreement

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