GMP Proposal Requirements Sample Clauses
GMP Proposal Requirements. The GMP Proposal shall be consistent with the Guidelines to Prepare the GMP Proposal attached hereto as Exhibit 6 and shall include the following, unless the Parties mutually agree otherwise:
.1 A proposed GMP for the designated portion of the Work, which shall be the sum of:
i. Stipulated Sum for Preconstruction Phase Services established under Section 7.2.1 above and the Preconstruction Phase Reimbursables subject to Section 7.2.1.1above for the designated portion of the Work;
ii. the CM's Fee for the designated portion of the Work as defined in Section 7.2.2 above; and
iii. the estimated Cost of the Work, including the CM's General Conditions Costs, as defined in Section 7.3 above, inclusive of any Construction Contingency, if such a Contingency is established in the accepted GMP Proposal, for the designated portion of the Work.
GMP Proposal Requirements. Up to, but no later than Sixty percent (60%) completion of the Construction Documents preparation of each individual work package or partial GMP, the Design-Builder shall submit a GMP Proposal on a Request for Proposal form provided by Owner attached hereto as Exhibit E, which shall include the following, unless the parties mutually agree otherwise:
.1 A proposed GMP, which shall be the sum of:
i. Prices established under paragraph 5.1 herein.
ii. Design-Builder's Fee as defined in paragraph 5.3 herein;
iii. The estimated Cost of the Work as defined in paragraph 5.4 herein, inclusive of any Design-Builder’s Contingency, if such a Contingency is established in the accepted GMP Proposal;
.2 A list of the drawings and specifications, including all other information used as the basis for the GMP proposal;
.3 A list of the assumptions and clarifications made by Design-Builder in the preparation of the GMP Proposal, which list is intended to supplement the information contained in the drawings and specifications;