Schematic Design Documents Phase. Design Professional shall deliver to Construction Manager Schematic Design Documents on or before the applicable dates set forth in the Project Schedule. Within fourteen (14) Days after Construction Manager receives Schematic Design Documents, Construction Manager shall deliver, with supporting data, and meet with Owner Parties to discuss, its revised cost estimate developed from those Schematic Design Documents and meet with Owner Parties to discuss the same. Construction Manager and Owner Parties shall diligently work to reconcile questions, gaps, and disagreements in the cost estimate. If Construction Manager’s reconciled Schematic Design Documents cost estimate exceeds the applicable Target GMP, Construction Manager shall promptly furnish Owner Parties with Value Engineering proposals that will cause the estimate to meet or be less than that Target GMP. Construction Manager and Owner Parties shall then meet to discuss such Value Engineering proposals and Construction Manager shall promptly recalculate its cost estimate incorporating any proposed changes Owner Parties select. Notwithstanding Construction Manager’s estimate exceeding the Target GMP, Owner may, in its sole discretion, accept or reject any proposed changes. Within twenty-one (21) Days after Construction Manager receives the Schematic Design Documents, and based on the outcome of the cost estimating process in Section 5.5 above, Construction Manager shall meet with Owner Parties to deliver its Project scheduling, Project phasing, and constructability advice, analysis, and deliverables, all in accordance with Sections 5.3, 5.4, and 5.5, above. Construction Manager shall also suggest modifications to the Drawings and Specifications to improve their completeness and clarity.
