Common use of Owner’s Construction Budget Clause in Contracts

Owner’s Construction Budget. Owner’s funds budgeted and requested for construction of the Project. The Owner’s Construction Budget is identified in Exhibit B, including all Construction Manager Fees, costs of the Work, and the Construction Contingency. 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 funds budgeted and requested for construction of the Project. The Owner’s 's Construction Budget is identified in Exhibit B, including all Construction Manager Feesfees, costs of the Work, Work and the Owner's and Construction ContingencyManager's construction and interface contingencies as defined in Articles 8 and 9. This acknowledgment acknowledgement of the Owner’s 's budgeted funds is not to be construed as the Construction Manager’s 's Guaranteed Maximum Price. A Guaranteed Maximum Price will be offered by separate documentation as outlined in Article 7.