Common use of Owner’s Construction Budget Clause in Contracts

Owner’s Construction Budget. Owner's budgeted funds for construction of a Project per the Activation. The Owner's Construction Budget for each specific Activation includes all Construction Manager fees, costs of the work and the Owner's and Construction Manager's construction and interface contingencies as defined in Articles 8 and 9. This acknowledgment of the Owner's budgeted funds is not to be construed as the Construction Manager's Guaranteed Maximum Price. A Guaranteed Maximum Price will be offered by separate documentation as outlined in Article 7.

Owner’s Construction Budget. Owner's ’s funds budgeted funds and requested for construction of a Project per the ActivationProject. The Owner's ’s Construction Budget for each specific Activation includes is ((Construction Budget )) identified in Exhibit B, including all Construction Total Program Manager fees, fees and costs of the work and the Owner's and Construction Manager's construction and interface contingencies as defined in Articles 8 and 9work. This acknowledgment of the Owner's ’s budgeted funds is not to be construed as the Construction Total Program Manager's ’s Guaranteed Maximum Price. A Guaranteed Maximum Price will be offered by separate documentation as outlined in Article 72.1 of the Agreement between the Owner and Total Program Manager Agreement.