Changes to Guaranteed Maximum Price. 2.4.1 The Parties acknowledge that the Guaranteed Maximum Price is based on the Construction Documents, including the plans and specifications, as identified in Exhibit D to the Facilities Lease.
Changes to Guaranteed Maximum Price. 2.4.1 The Parties acknowledge that the Guaranteed Maximum Price, including all Phase GMPs, is based on the Construction Documents, including the plans and specifications, as identified in Exhibit D to the Facilities Lease.
Changes to Guaranteed Maximum Price. 7.1. As indicated in the Facilities Lease, the Parties may add or remove specific scopes of work from the Project. Based on these change(s), the Parties may agree to a reduction or increase in the Guaranteed Maximum Price. If a cost impact or a change is agreed to by the Parties, it shall be reflected as a reduction or increase in the GMP and paid upon the payment request from the Contractor when the work is performed, or deducted from the next payment request from the Contractor, as applicable. The process for these changes shall be as follows:
Changes to Guaranteed Maximum Price. 3.4.1. As indicated in the Facilities Lease, the Parties may add or remove specific scopes of work from the Project. Based on these change(s), the Parties may agree to a reduction or increase in the Guaranteed Maximum Price. If a cost impact of a change is agreed to by the Parties, it shall be reflected as a reduction or increase in the Tenant Improvement Payments and paid upon the payment request from the Contractor when the work is performed. The amount of any change to the Guaranteed Maximum Price shall be calculated in accordance with the provisions of Article 17 of Exhibit D to this Facilities Lease.
