Common use of Agreement Price Clause in Contracts

Agreement Price. 7.1.1 In exchange for CM@Risk’s full, timely, and acceptable performances and construction of the Work under this Agreement, and subject to all of the terms of this Agreement, City will pay CM@Risk the “Agreement Price,” which: The sum of the CM@Risk’s Fee and reimbursable Cost of the Work, as defined in Section 15 of the General Conditions, which the CM@Risk guarantees will not exceed the GMP set forth in Exhibit D in the amount of $ . Costs which would cause the GMP to be exceeded must be paid by CM@Risk without reimbursement from City. 7.1.2 The Agreement Price is all-inclusive and specifically includes all fees, cost, insurance and bond premiums, allowances, construction contingency, owner’s contingency, and taxes of any type necessary to fully, properly and timely perform and construct Work.