Adjustments to GMP after the Execution of the GMP Amendment but before Construction commences Sample Clauses

Adjustments to GMP after the Execution of the GMP Amendment but before Construction commences. Adjustments to the GMP after execution of the GMP Amendment but before construction commences may be made only (i) in the event of Scope Changes or (ii) as otherwise expressly provided in this Contract, and then only in accordance with the following procedure: Construction Manager at Risk shall review subsequent iterations of the Plans and Specifications as they are prepared to determine whether, in the opinion of Construction Manager at Risk, they result in a Scope Change so that it can be determined if an adjustment to the GMP is warranted. Changes to the GMP shall be initiated by written notice by one party to the other ("GMP Change Request"). Construction Manager at Risk shall deliver any such GMP Change Request to Design Professional and Owner’s Representative promptly after becoming aware of any Scope Change if, in Construction Manager at Risk’s opinion, it constitutes grounds for adjustment of the GMP. Any GMP Change Request shall include a proposal as to the appropriate GMP adjustment with respect to the Scope Change at issue. Construction Manager at Risk shall submit its GMP Change Requests as soon as possible, and Construction Manager at Risk shall not be entitled to claim a GMP increase unless Construction Manager at Risk submitted a GMP Change Request to Owner’s Representative and to Design Professional within the earlier of (a) fourteen calendar (14) days after Construction Manager at Risk has received the information constituting the basis for the claim, or (b) as to Work not yet bid or proposed, prior to submission of solicitations for such Work and as to Work already solicited, prior to commencement of the portion of the Work for which Construction Manager at Risk intends to claim a Scope Change; and (c) in any event, prior to Construction Manager at Risk’s signing of a subcontract that incorporates the Scope Change into the Work. Owner may, at any time, submit a GMP Change Request requesting a reduction of the GMP, which shall include Owner's basis for such request.
Sample 1
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Related to Adjustments to GMP after the Execution of the GMP Amendment but before Construction commences

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