GMP Proposal. When the Parties agree that the design of the Project is sufficiently developed and documented to allow detailed pricing of its construction, CM shall prepare and submit a
GMP Proposal. The Guaranteed Maximum Price proposal set forth in Design-Builder’s Base Contract Price Proposal Form (RFP Appendix, Section II) (attached as Exhibit D – Schedule 5.8).
GMP Proposal. At the conclusion of Phase 1, the Design Builder will submit a GMP Proposal pursuant to the requirements set forth in Attachment B. Unless the Parties agree otherwise, the GMP Proposal shall include the deliverables set forth in Attachment B, including but not limited to the following:
GMP Proposal. GMP Proposal means the written offer from CMR to TFC which includes, among other things, a proposed GMP.
GMP Proposal. A GMP Proposal to Owner shall include the following, unless the parties mutually agree otherwise:
GMP Proposal. The GMP shall be the sum of the estimated Cost of the Work for Each Scope of Work as defined in Article 8 and the Design-Builder’s Fee as defined in Article 7. The GMP is subject to modification as provided in Article 9. The Design-Builder does not guarantee any specific line item provided as part of the GMP, but agrees that it will be responsible for paying all costs of completing the Work which exceed the GMP, as adjusted in accordance with this Agreement.
GMP Proposal. 4.15.1 At the time set forth on Exhibit E, the Design/Builder shall prepare and deliver to the Owner, a Guaranteed Maximum Price (“GMP”) proposal. The Design/Builder shall, at a minimum, include in the GMP proposal: a recital of the specific Construction Documents, including drawings, specifications, and all addenda thereto, used in preparation of the GMP proposal; the five (5) elements of the Guaranteed Maximum Price: Guaranteed Maximum Cost of the Work (hereinafter defined), detailed by each subcontract, trade, or bid division; the Design/Builder’s Contingency for the Work; Guaranteed Maximum Design/Builder’s Staffing Cost (hereinafter defined), detailed by expense category; Guaranteed Maximum General Conditions Cost (includes bond & insurance costs) (hereinafter defined), detailed by expense category; and Guaranteed Maximum for Design/Builder’s Overhead and Profit. a draft schedule of values; a description of all other inclusions to, or exclusions from, the GMP; all assumptions and clarifications; and the final Construction Schedule.
GMP Proposal. Design-Builder shall submit to Owner a GMP Proposal for the Contract Price as part of the Phase 1 Services which shall include the following, unless the parties mutually agree otherwise:
GMP Proposal. 4.15.1 At the time set forth on Exhibit E, the Design/Builder shall prepare and deliver to the Owner, a Guaranteed Maximum Price (“GMP”) proposal. The Design/Builder shall, at a minimum, include in the GMP proposal:
GMP Proposal. If the Department so determines, it may direct the Design-Builder to purchase certain long lead items prior to commencement of the Construction Phase. In the event the Department issues any such directive, the Design-Builder shall make such purchases as the agent for the Department and any such subcontracts or purchase orders shall be assignable to the Department in the event the Department terminates this Agreement or the parties are unable to agree upon a GMP. Upon the Department’s acceptance of the Design-Builder’s Guaranteed Maximum Price Proposal, all then existing contracts for such items shall be assigned by the Department to the Design-Builder, who shall accept responsibility for such items as if procured by the Design-Builder.
