Common use of GMP Clause in Contracts

GMP. The parties agree that the GMP for the Project is $_______________, consisting of the Preconstruction Fee, Cost of the Work, Construction Manager at Risk Fee (stated as a fixed dollar lump sum amount), and the SGC Work as follows: Preconstruction Fee: $ ________________ Cost of the Work:* $ ________________ Construction Manager at Risk Fee (___% of Cost of the Work): $ ________________ Specified General Conditions: $_________________ GMP (Total of above categories):** $ ________________ PLUS New Mexico Gross Receipts Tax (NMGRT): $ ________________ TOTAL $_________________ *excluding cost of 3-Year Extended Service & Maintenance **excluding Pre-Construction Fee For purposes of determining the GMP, the GMP includes the Construction Manager at Risk’s Contingency, the Construction Manager at Risk Field Work, and the costs of all components and systems required for a complete, fully functional facility.