Common use of Revision or Redrafting Clause in Contracts

Revision or Redrafting. It shall be the responsibility of the Design Builder to design the Project so that the GMP or lump sum fixed price will not exceed the GMP Cost Limitation. It is in the best interest of the public, and the intent of the Owner is, that the entire Project be constructed within the funds allocated in the preliminary budget. Notwithstanding this overriding public policy, in the event that the Design Builder finds, in its opinion, that the price will potentially exceed the GMP Cost Limitation, the Design Builder shall immediately stop work and give written notice to the Owner, who will either revise the budget to increase the GMP Cost Limitation or direct the Design Builder to reduce the scope of the Project. If so directed by the Owner in writing, the Design Builder shall, at no additional cost to the Owner, revise or redraft any and all documents necessary for the construction award of the reduced scope project so as to bring the probable cost of construction within the GMP Cost Limitation and maintain the Preliminary Design and Construction Schedule. The Design Builder shall promptly revise without additional compensation those documents that have not been previously approved by the Owner or to which the Owner has reasonable and timely stated objections.