Requirements for Final GMP Proposal Submittal Sample Clauses

Requirements for Final GMP Proposal Submittal. In accordance with the Project Schedule, but no later than twenty (20) Days after Approval of the 100% Set of Construction Documents and Final Control Estimate, Design-Build Firm shall submit its Final GMP Proposal to Owner, in accordance with the requirementsset forth below. The Final GMP Proposal must be based upon the Approved 100% Set of Construction Documents and the Approved Final Control Estimate. 1. total pricing for all items comprising the Cost of the Work for the Project, including all materials and labor, organized by trade, and including Approved Allowances and any taxes not avoidable by exemption; 2. total of all Fees earned and remaining to be earned for the performance of this Agreement, including a breakdown of allowable general conditions, as listed in the Pricing Schedule (Exhibit 3; 3. the amount of the Construction Contingency; and 4. the amount of any Allowances. The Final GMP Proposal shall be based on competitive bids received from Subcontractors for the Project, and which Final GMP Proposal shall not exceed the Initial GMP, if any, established by this Contract. All the foregoing shall be based upon the scope of Services and Work required under the 100% Set of Construction Documents, including the Project Schedule. The Design-Build Firm shall review with Owner the Final Control Estimate, and compare it with earlier Control Estimates. In addition to the other requirements of this Article IX, the Final GMP Proposal shall: (i) include the same level of detail as the Design-Build Firm s’ Estimates; prior Control (ii) include proposed dates for Owner s’ Notices to Proceed with each Stage of the Project, the Scheduled Date of Substantial Completion, and the Scheduled Date of Final Completion; (iii) separate the cost of materials and tangible equipment from skill, labor and other associated costs of construction as required for Design-Build Firm to claim the maximum tax exemption allowed by the Texas Tax Code for the materials, consumables and other items to be used to construct the Project; (iv) be deemed complimentary to the Approved 100% Set of Construction Documents and the Approved Final Control Estimate (and any ambiguity or conflict between or among such deliverables shall be interpreted to require the Owner be provided the higher quality); (v) offer to complete the Project in accordance with this Agreement for a Final GMP that is no greater than the Initial GMP; such offer shall not be withdrawn for ninety (90) Days following the d...
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