The Guaranteed. Maximum Price Proposal shall allow for reasonably expected changes and refinements in the BIM Model, Drawings and Specifications through completion of the Construction Documents, except for material changes in scope.
The Guaranteed. Maximum Price includes a Contingency of percent ( %) of the Cost of the Work as described in Section 2.1.1, 2.1.2, and 2.1.3 for potential additional construction costs for unforeseen conditions that occur over the course of construction and/or scope gaps between the subcontract categories of the Work.
The Guaranteed. Maximum Price for the Project shall include a Construction Manager’s Construction Contingency in an amount to be approved in writing by the Owner. This is intended to cover some risks assumed by the Construction Manager in providing the Guaranteed Maximum Price.
The Guaranteed. Maximum Not-to-Exceed Compensation shall not be adjusted because of errors or omissions which are not the fault of the County in computing the Project costs which result in an increase in the cost of this Contract or because the time for completion varies from the original estimate, including completion or substantial completion of this Contract prior to the scheduled or Contract completion date or on account of County’s election to furnish any of the Work or Services. In addition, Contractor shall certify that the original Contract Price or Guaranteed Maximum Not-to-Exceed Compensation for a Project and any additions thereto shall be adjusted to exclude any significant sums by which the County determines the Contract Price or Guaranteed Maximum Not-to- Exceed Compensation was increased due to inaccurate, incomplete, or noncurrent wage rates and other factual unit costs.
The Guaranteed. Maximum Price proposal may not be based in any part on any subcontract or material supply contract which would require the Owner to compensate the Construction Manager on other than a maximum price basis.
The Guaranteed. Maximum Price shall be submitted to the Owner not more than 30 days after receipt of the Owner’s request
The Guaranteed. Maximum Price is based upon the following other documents and information: (List any other documents or information here, or refer to an exhibit attached to this Amendment.)
The Guaranteed. Maximum Price Proposal for this Project when accepted by the City and executed by the parties in a form to be prepared by the Contractor and approved by the City;
The Guaranteed. Maximum Price consists of the sum of (i) the estimated Cost of the Work; and (ii) the Fee. The Contractor has presented and the City has accepted the Guaranteed Maximum Price and Basis of the GMP Proposal attached hereto as Exhibit Q. The Parties specifically agree that the City shall not be subject to any cost, charge or fee under this Agreement that is not specified above.
The Guaranteed. Maximum Price shall not be increased due to work that could have been foreseen by careful examination of the Project site. Execution of the Guaranteed Maximum Price Amendment(s) shall constitute acceptance, by the Construction Manager, of existing Site conditions as a part of the requirements for the Work under the Guaranteed Maximum Price.
