Common use of Termination Prior to Entry of GMP Change Order Clause in Contracts

Termination Prior to Entry of GMP Change Order. CM/GC Fee. In the event such termination occurs prior to any Component Change Order, or after all Work under any issued Component Change Orders has been finally completed, the Owner shall pay CM/GC the sums due for the CM/GC Fee earned to the date of termination, not exceeding the unpaid balance of the Preconstruction Fee amount set forth in Paragraph 4.1.1 (Exhibit A, Item 5). For purposes of calculation, the CM/GC Fee shall be deemed earned only to the extent of an amount that bears to the total Fee the same ratio that the Work in place at the time of termination bears to the total Work, as reasonably determined by the Design Professional.

Termination Prior to Entry of GMP Change Order. CM/GC Fee. In the event such termination occurs prior to any Component Change Order, or after all Work under any issued Component Change Orders has been finally completed, the Owner shall pay CM/GC the sums due for the CM/GC Fee earned to the date of termination, not exceeding the unpaid balance of the Preconstruction Fee amount set forth in Paragraph 4.1.1 (Exhibit A, Item 5)Fee. For purposes of calculation, the CM/GC Fee shall be deemed earned only to the extent of an amount that bears to the total Fee the same ratio that the Work in place at the time of termination bears to the total Work, as reasonably determined by the Design Professional.