GMP Amendment definition

GMP Amendment means an amendment to this Agreement, signed by Owner and Construction Manager, determined in accordance with Article 5, issued in the form of Exhibit D, establishing Construction Manager’s GMP and GMP Qualifications and Assumptions, for each Deliverable Portion of Work.

GMP Amendment means an Amendment to the Contract, issued in the form of Exhibit B and executed by and between the parties, to establish the GMP and identify the GMP Supporting Documents for Construction Phase Services.

GMP Amendment shall have the same meaning as in the Agreement.

Examples of GMP Amendment in a sentence

• The Work applicable under this GMP Amendment (the “Applicable Work”) is: (check one) ☐
  the entire Work under the Contract or ☐
  a specific phase, component or portion of the Work under the Contract consisting of: <<DESCRIPTION OF APPLICABLE PHASE, COMPONENT OR PORTION OF THE WORK>>
  , as further described by the Drawings, Specifications and Addenda incorporated into the Contract by this GMP Amendment.

• Further, when Owner reasonably believes (a) that Architect’s Substantial Completion will be inexcusably delayed; or (b) that Construction Manager will fail to achieve Final Completion by the Final Completion Date, Owner shall be entitled, but not required, to withhold from any amounts otherwise due Construction Manager the daily amount specified for liquidated damages in this Article 8 and the GMP Amendment for each day of the anticipated unexcused delay.

• The invoice shall not be submitted until the GMP Amendment is executed for the entire Work.

• The Guaranteed Maximum Price of this GMP Amendment includes the alternates that have been accepted by the Owner to date, if any, which include: <<INSERT NUMBER AND DESCRIPTION OF EACH ALTERNATE INCLUDED IN THE GMP>>
  .

• If Owner has the option of accepting certain alternates with respect to the Applicable Work after the signing of this GMP Amendment, a schedule of such alternates is attached hereto as an exhibit enumerated below.

More Definitions of GMP Amendment

GMP Amendment means an amendment to the Design-Build Agreement, in the form of Amendment No. 1, to establish and memorialize the final guaranteed maximum price as part of the Design-Build Agreement executed on [ ].

GMP Amendment means the GMP Proposal, as may be amended and accepted by the City, at its sole discretion, which amendment shall automatically become incorporated herein upon the City and the Construction Manager’s execution of same, and shall establish, among other things, the GMP, the names of the Construction Manager’s on-site management and supervisory personnel for the Project, and the Agreement Time for the Construction Work.

GMP Amendment means the document based on the GMP Proposal and signed by CMR and TFC that establishes (i) the Guaranteed Maximum Price and its basis and (ii) all other requirements set forth in Section 5.3

GMP Amendment. GMP Amendment shall mean that certain GMP Amendment which shall automatically become a part hereof upon Owner’s and Construction Manager’s execution of same, and shall establish, among other things, the GMP, the Contract Time for the Project, and shall incorporate the Drawings, Specifications, the Schedule of Values, and the Construction Manager’s qualifications, exclusions, and allowances, if any. GMP Proposal – GMP Proposal shall mean a proposal for completing the Project, which Proposal shall include the proposed Guaranteed Maximum Price for the construction of the Project which is consistent with the Estimate and the Contract Documents. Master Project Schedule – Master Project Schedule shall be a written schedule prepared by Construction Manager and approved by the Owner.

GMP Amendment. GMP Submittal accepted by the Director and approved by City Council.

GMP Amendment means an amendment to this Contract that establishes the Guaranteed Maximum Price as described in Section 2.1.14 hereof for the Project; the GMP Amendment may be issued as a Work Order or an Amendment depending on the value thereof.

GMP Amendment. The term GMP Amendment shall mean a GMP Proposal for any individual project accepted by the Owner in writing in its sole discretion, which amendment shall become a part hereof upon Owner's and Construction Manager's execution of the same and shall at a minimum establish the individual project GMP, the substantial and final completion dates, the amount of liquidated damages, and the drawings and specifications applicable to the individual project.