Owner’s Special Cash Allowances. Items to be provided for through Owner’s Special Cash Allowances shall be clearly identified in the Construction Documents and the Guaranteed Maximum Price proposal. Any claim by the CM for an adjustment to an Allowance amount included in the Guaranteed Maximum Price based on the cost of Allowance work shall be made within a reasonable time after the issuance of the Construction or Procurement Documents for the Allowance items. The CM shall not be entitled to any increase in its Construction Phase Fee for increases to Allowance amounts that were initially based on estimates provided by the CM. Owner shall be entitled to retain 100% of the balance of any unused Allowance amount.
Appears in 5 contracts
Samples: www.lakeway-tx.gov, gato-docs.its.txstate.edu, gato-docs.its.txstate.edu
