Common use of Total GMP Clause in Contracts

Total GMP. The total sum of the above Items 1 through 2, as set forth below, is the GMP which the XXXX hereby guarantees to County for constructing the Project complete, in place, and operational in accordance with the Contract Documents. All attached breakdowns shall total this GMP amount. XXXX hereby guarantees to County not to exceed the GMP amount, subject to additions or deductions as provided in the Contract Documents. Except for additions or deductions as provided in the Contract Documents, costs which would cause the GMP to be exceeded shall be paid by XXXX without reimbursement by County.

Appears in 4 contracts

Samples: Construction Manager at Risk Agreement, Construction Manager at Risk Contract, Construction Manager at Risk Contract

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