Common use of GMP Defined Clause in Contracts

GMP Defined. The Guaranteed Maximum Price shall be inclusive of (i) the CM/GC's Estimated Cost of the Work, (ii) the Construction Contingency, (iii) the CM/GC's Fees for Construction and Preconstruction services, and (iv) the CM/GC’s Estimated Overhead costs for Construction and Preconstruction services, to be set forth in the proposed GMP Change Order, (v) the sum of all approved Change Orders, and to achieve Material Completion of the Project by the Material Completion Date specified in the proposed GMP Change Order as follows:

GMP Defined. The Guaranteed Maximum Price shall be inclusive of (i) the CM/GCCMR's Estimated Cost of the Work, (ii) the Construction Contingency, (iii) the CM/GCCMR's Fees Fee for Construction and Preconstruction servicesservices and, and (iv) the CM/GCCMR’s Estimated Overhead costs for Construction and Preconstruction services, to be set forth in the proposed GMP Change Order, (v) the sum of all approved Change Orders, and to achieve Material Completion of the Project by the Material Completion Date specified in the proposed proposal GMP Change Order as follows: