GMP Contract definition

GMP Contract means each of the guaranteed maximum price contracts to be entered into with the General Contractor for portions of the Work.
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GMP Contract shall have the meaning ascribed in Section 5.12.2.
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GMP Contract shall have the meaning set forth in the Development Agreement.
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Examples of GMP Contract in a sentence

  • Under a Guaranteed Maximum Price (GMP) Contract, the Guaranteed Maximum Price, as it may be adjusted by Change Order.

  • Such maximum sum as adjusted by approved changes in the Work is referred to in the Contract Documents as the GMP Contract Sum.

  • The Design-Builder certifies that the wage rates and other factual unit costs supporting the compensation described herein are accurate, complete and current as of the date of this Contract and that the original compensation and any additions thereto will be adjusted to exclude any significant sums where the Owner determines the GMP Contract Sum amount was increased due to inaccurate, incomplete or non-current wage rates and other factual unit costs.

  • Any costs, even if described as a Cost of the Work in paragraph (a) above, which are generally considered in the construction industry to be ‘general conditions’ costs unless such costs are expressly identified in the General Conditions Cost Itemization included as part of the GMP Breakdown and Basis Documents (Part III) of any GMP Contract or as part of the Target Price Breakdown and Basis Documents (Part III) of any CPFF Contract.

  • BID TITLE: BID NUMBER: PRINT NAME: DATE: SIGNATURE: TELEPHONE: HISTORICALLY UNDERUTILIZED BUSINESSES (HUB) PROGRAMCOMPLIANCE GUIDELINES & FORMSConstruction Manager-At-Risk (CMAR) PART II(To be completed at Construction phase / GMP Contract) This Form should be completed and signed by the Prime Vendor/Contractor.The HUB requirements are applicable to all bidders/proposers, including HUB firms.

  • The definition of the Construction Contingency and its intended operation is more fully detailed in the GMP Contract Article IV(d) and its subparts.

  • After all pre-construction services and final construction drawings have been completed, or prior thereto upon written determination of the Purchasing Manager, The Agency may negotiate with and enter into a GMP Contract for construction management.

  • Within 10 calendar days after award of each Contract GMP, the successful XXXX shall furnish a Faithful Performance Bond and a Labor and Material Payment Bond, each in an amount equal to 100% of the GMP Contract Price, issued by a surety in accordance with the requirements of the General Conditions of the Contract.

  • The GMP Contract shall include all costs for the construction and completion of the project, including all mobilization, general conditions, profit and overhead costs of any nature.

  • As developed by the Contractor, the Statement of Construction Cost shall also represent its GMP Proposal for any anticipated GMP Contract or the estimated Target Price for any anticipated Cost Plus Fixed Fee (CPFF) Contract (“CPFF Contract”).


More Definitions of GMP Contract

GMP Contract means the guaranteed maximum price construction contract for the construction of the Ballpark.
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GMP Contract means the construction contract entered into between Landlord and the GMP Contractor on the basis of a guaranteed maximum price for the performance of the Tenant Improvement Work. Unless Tenant signs as the “Owner” for purposes of the GMP Contract, the GMP Contract will contain a provision conditionally assigning to Tenant in the event of Landlord’s default and entitling Tenant to assume Landlord’s rights and obligations as Owner in the event Landlord defaults in its obligations to complete the Tenant Improvement Work as set forth in Section 5 of this Exhibit C. Such rights shall be subject and subordinate to Landlord’s lender’s rights to assume and perform the GMP Contract.
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GMP Contract means that certain Owner-Contractor Agreement dated as of December 24, 2003 between Premier and the General Contractor, as amended by that certain First Amendment to Agreement between Owner and Contractor dated as of January 22, 2004.
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GMP Contract means that certain Core and Shell Guaranteed Maximum Price Contract, dated September 15, 2011, between Hxxxxx Xxxxxxx Construction Group LLC and Seller, as amended from time to time.
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GMP Contract. Line Item Category with respect to the applicable Project in the Summary Anticipated Cost Report for such Project.
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GMP Contract means the guarantee maximum price contract(s) for the construction of the City Facilities and/or the Hotel and Restaurant.
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Related to GMP Contract

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Project Contract means a Project Contract as such term is defined in the RfP; “Proposal” means a Proposal as such term is defined in the RfP;

  • Group contract means a contract for health care services which by its terms limits eligibility to members of a specified group. The group contract may include coverage for dependents.

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Sub-contracting means the primary contractor’s assigning or leasing or making out work to, or employing another person to support such primary contractor in the execution of part of a project in terms of the contract.

  • Key Sub-Contract means each Sub-Contract with a Key Sub-Contractor;

  • Prime Contract means the contract between LOCKHEED MARTIN and the U.S. Government or between LOCKHEED MARTIN and its higher-tier contractor who has a contract with the U.S. Government.

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.

  • Company IP Contract means any Contract to which the Company is a party or by which the Company is bound, that contains any assignment or license of, or covenant not to assert or enforce, any Intellectual Property Right or that otherwise relates to any Company IP or any Intellectual Property developed by, with, or for the Company.

  • Sub-Contractor means the person named in the Contract for any part of the works or any person to whom any part of the contract has been sublet by the contractor with the consent in writing of the Engineer-in-charge and will include the legal representatives, successors and permitted assigns of such persons.

  • Customer Contract means any written contract or agreement (other than trade contracts) between Seller and any of its customers (or under which Seller has rights) which has been entered into and signed by the parties thereto in connection with the publication of the Directories and corresponding provision of Directory Services.

  • Provider contract means any contract between a provider and a carrier (or a carrier's network,

  • Multiyear contract means a contract that extends beyond a one-year period, including a contract that permits renewal of the contract, without competition, beyond the first year of the contract.

  • Master Contract means the CATS Master Contract between the Maryland Department of Budget and Management andTO Contractor dated December 19, 2005.

  • Connection Contract means a contract under which Distributed Generation is connected to the Network entered into by the Distributor and a Distributed Generator in accordance with Part 6 of the Code, and, for the purposes of this Agreement, the Distributor and a Distributed Generator are deemed to have entered into a Connection Contract if the regulated terms in Part 6 of the Code apply;

  • Supply contract means a contract under which a lessor buys or leases goods to be leased.

  • Construction Contract or “contract” means a written agreement between a contractor and a public agency for the construction, alteration, demolition, or repair of a facility, other than a contract having a dollar value of less than $30,000.00 or a contract that provides for 3 or fewer payments.

  • Offtake Agreement means any refining, smelting, brokering, sale, marketing and/or processing agreement entered into by the Owner or its Affiliates with respect to Minerals produced from the Property;

  • Service Subcontract means a subcontract primarily for the furnishing of services, to or for a recipient of Assistance, except where services are incidental to the delivery of products, equipment or commodities. A contract for the purchase or lease of goods, products, equipment, supplies or other property is not a “service subcontract” for the purposes of this definition.

  • Construction Service Agreement means either an Interconnection Construction Service Agreement or an Upgrade Construction Service Agreement.

  • Charter contract or "contract" means a fixed-term, renewable contract between a

  • Privatization contract or “contract” means an agreement or

  • Smart contract means an event-driven program, with state, that runs on a distributed, decentralized, shared, and replicated ledger and which can take custody over and instruct transfer of assets on that ledger.

  • Sale Contract means a contract providing for the sale of one or more projects to one or more contracting parties and includes a contract providing for payment of the purchase price in one or more installments. If the sale contract permits title to the project to pass to the other contracting party or parties prior to payment in full of the entire purchase price, it shall also provide for the other contracting party or parties to deliver to the municipality or to the trustee under the indenture pursuant to which the bonds were issued one or more notes, debentures, bonds or other secured or unsecured debt obligations of such contractingparty or parties providing for timely payments, including without limitation, interest thereon for the balance of the purchase price at or prior to the passage of such title.