Common use of Contractor’s Program Verification Clause in Contracts

Contractor’s Program Verification. Stage Submission 2.6.1 At the completion of the activities described under Section 2.5 and based on the provisional Program Documents, the Contractor will submit its Program Verification Stage Submission. 2.6.2 If all of the Work is not subject to an executed GMP Amendment at the time of the Contractor’s Program Verification Stage Submission, the Contractor will include in its Program Verification Stage Submission a preliminary estimate of Construction Cost (“Contractor’s Program Estimate”) using area, volume, or similar conceptual estimating techniques. 2.6.2.1 If the Contractor’s Program Estimate exceeds the Construction Budget or varies from the A/E’s Program Estimate by more than 5 percent of that estimate, the Contracting Authority may require the A/E to immediately work with the Contractor to develop viable proposals to reconcile the estimates with each other and the Construction Budget. The Contractor will present those proposals as an addendum to its Program Verification Stage Submission. 2.6.3 If a GMP Amendment has been entered into at the time of the Contractor’s Program Verification Stage Submission, the Contractor shall include with the Contractor’s Program Verification Stage Submission a detailed description of any change in the scope of the Work described in the provisional Program Documents as compared to the scope of the Work described in the GMP Documents and an estimate of the cost and time impact of each change.

Contractor’s Program Verification. Stage Submission 2.6.1 At the completion of the activities described under Section 2.5 and based on the provisional Program Documents, the Contractor will submit its Program Verification Stage Submission. 2.6.2 If all of the Work is not subject to an executed GMP Amendment at the time of the Contractor’s Program Verification Stage Submission, the Contractor will include in its Program Verification Stage Submission a preliminary estimate of Construction Cost (“Contractor’s Program Estimate”) using area, volume, or similar conceptual estimating techniques. 2.6.2.1 If the Contractor’s Program Estimate exceeds the Construction Budget or varies from the A/E’s Program Estimate by more than 5 percent of that estimateEstimate, the Contracting Authority may require the A/E to immediately work with the Contractor to develop viable proposals to reconcile the estimates with each other and the Construction Budget. The Contractor will present those proposals as an addendum to its Program Verification Stage Submission.viable 2.6.3 If a GMP Amendment has been entered into at the time of the Contractor’s Program Verification Stage Submission, the Contractor shall include with the Contractor’s Program Verification Stage Submission a detailed description of any change in the scope of the Work described in the provisional Program Documents as compared to the scope of the Work described in the GMP Documents and an estimate of the cost and time impact of each change.