Project GMP definition

Project GMP means the sum of the GMP Amendments Total, the Preconstruction Services Cost Limit, and all other lump-sum and not-to-exceed prices pertaining to the Project to which Construction Manager and Owner agree in writing.
View Source

Examples of Project GMP in a sentence

  • If the Project GMP is increased by Owner, the CM shall be entitled to receive an additional fee to be negotiated and established by the Parties, in writing, at the time of such increase to the GMP.

  • The maximum amount allowed for the Cost of Work is part of the Total Project GMP.

  • The Pre-Construction Services Fee is part of the Total Project GMP.

  • The Construction Management Fee is part of the Total Project GMP.

  • Construction Manager shall bear, without Owner’s reimbursement, all costs in excess of (a) the Project GMP; (b) Cost of the Work for a Deliverable Portion of Work in excess of the GMP for that Work; and (c) General Conditions Work costs for a Deliverable Portion of Work in excess of the General Conditions Work Cost Limit for that Work.

  • Unless an Amendment to this Contract or a Change Order is executed by TFC that expressly increases to Total Project GMP with respect to TFC’s election to use TFC Controlled Contingency for TFC-directed changes, the total of all amounts to be paid to CMR in connection with all GMPs for all portions of the Project shall not exceed the Total Project GMP.

  • The Project GMP consists of the total of all Phase GMPs. For each phase, DSA approved plans shall be utilized to receive subcontractor bids and develop the Phase GMP in accordance with the lease-leaseback agreement forms, including the requirement that Developer engage in competitive bidding for subcontractors for all scopes of work on the Project that constitute more than one half of one percent (0.5%) of the total Phase GMP.

  • Unless an Amendment to this Contract or a Change Order is executed by TFC that expressly increases to Total Project GMP with respect to TFC's election to use TFC Controlled Contingency for TFC-directed changes, the total of all amounts to be paid to CMR in connection with all GMPs for all portions of the Project shall not exceed the Total Project GMP.

  • Any justifiable increases in the agreed Project GMP or a Component GMP will require a Supplemental Agreement and will be limited to certain specified Relief Events.

  • Subject to the terms of the Contract Documents, Owner shall pay‌ Construction Manager the Contract Sum, which shall equal the sum of the Cost of the Work and the Construction Manager’s Fee, but which shall not exceed the Project GMP.

Related to Project GMP

  • The Project Plan means the document to be developed by the Supplier and approved by the Purchaser, pursuant to GCC Clause 19, based on the requirements of the Contract and the Preliminary Project Plan included in the Supplier’s bid. The “Agreed and Finalized Project Plan” is the version of the Project Plan approved by the Purchaser, in accordance with GCC Clause 19.2. Should the Project Plan conflict with the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Project Work means the work required to complete the Project.

  • Project Plan means the document to be developed by the Contractor and approved by WTL, based on the requirements of the Contract and the Preliminary Project Plan included in the Contractor’s bid. For the sake of clarity, the Agreed and Finalized Project Plan” refers to the version of the Project Plan submitted by the contractor after receiving the letter of Award and the same approved by WTL. The project plan may be changed/ modified during the course of the project. Should the Project Plan conflict with the provisions of the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Project Improvements means site improvements and facilities that are:

  • Project Implementation Unit or “PIU” means the implementation unit for the Project referred to in Section I.A.1 of Schedule 2 to this Agreement.