GMP Amendment Number 10
GMP Amendment Number 10
This
Separate GMP Amendment is executed this 27th day of October, 2006, by Xxxxxxx
National, LLC (“Owner”) and Perini Xxxxxxxx Joint Venture (“Construction Manager”)
pursuant to the Agreement dated May 9, 2005 (“Agreement”) executed by the parties
for the performance by the Construction Manager of certain construction work and
construction management services for the Xxxxxxx National Harbor Resort and
Convention Center Project as identified therein.
| 1. | Pursuant to the Agreement, Construction Manager hereby agrees that the Guaranteed Maximum Price (“GMP”) for the Work to be performed on the Project (including all Work under this GMP Amendment Number 10 and all Work previously authorized pursuant to GMP Amendments shall be $389,077,027 and that the GMP is accounted as follows: (a) the Preconstruction Services equal $350,000, (b) the Construction Manager’s Lump Sum General Conditions equals $19,255,989, (c) the Cost of the Work equals $343,455,542, (d) the Construction Manager’s Fee equals $12,025,000, (e) Contingency equals $7,228,280, (f) the Phase II General Conditions, Contingency, Fee & Insurance equals $896,224, (g) the Phase II Cost of the Work equals $5,615,436, and (h) the Mock-up Room Cost of Work equals $250,557). |
| OWNER | CONSTRUCTION MANAGER | |
| XXXXXXX NATIONAL, LLC | PERINI XXXXXXXX JOINT VENTURE | |
| By: Xxxxxxx Hotels, LLC sole member |
| By: Title: |
/s/ Xxxxx X. Xxxxxxxx
|
By: Title: |
/s/ Xxxx Xxxxxx
|
