Common use of Effect of GMP Change Order Clause in Contracts

Effect of GMP Change Order. At the time CM/GC submits its GMP Change Order proposal under Article 4.1, CM/GC shall incorporate into the Estimated Cost, Contingency, and Fee components of the proposed Guaranteed Maximum Price the corresponding components or lump sum amounts of all Change Order Sums stated in all Component Change Orders accepted as of that date by the Owner. The Owner shall receive a credit for payments it has made under all Component Change Orders after approval of the GMP Change Order.

Effect of GMP Change Order. At the time CM/GC submits its GMP Change Order proposal under Article 4.1Section 4 Part 1, CM/GC shall incorporate into the Estimated Cost, Contingency, and Fee components of the proposed Guaranteed Maximum Price the corresponding components or lump sum amounts of all Change Order Sums stated in all Component Change Orders accepted as of that date by the Owner. The Owner shall receive a credit for payments it has made under all Component Change Orders after approval of the GMP Change Order.

Effect of GMP Change Order. At the time CM/GC submits its GMP Change Order proposal under Article Section 4.1, CM/GC shall incorporate into the Estimated Cost, Contingency, and Fee cost components of the proposed Guaranteed Maximum Price the corresponding components or lump sum amounts of all Change Order Sums stated in all Component Change Orders accepted by the Owner as of that date by shall be incorporated into the Ownercorresponding GMP cost components (See Section 3.3.1.3). The Owner shall receive a credit for payments it has made under all Component Change Orders after approval of the GMP Change Order.