GUARANTEED MAXIMUM PRICE (GMP) PROPOSAL Sample Clauses

GUARANTEED MAXIMUM PRICE (GMP) PROPOSAL. The Design-Build Contractor hereby submits to The Board of Regents of The Texas A&M University System, pursuant to the provisions of Article 7 of the Agreement by and between the Board of Regents of The Texas A&M University System and Construction Manager the following Guaranteed Maximum Price Proposal for the [Project Name], Project No. [Project Number], based on Plans and Specifications dated [Date on Drawings Month Day, Year].
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GUARANTEED MAXIMUM PRICE (GMP) PROPOSAL. 3.5.1 Within 45 days after 100% Construction Documents, and prior to performance of Construction Services (unless otherwise directed by Owner in writing), Construction Manager shall prepare and deliver to Owner, with a copy to Professional, the GMP proposal (or, if required, multiple GMP proposals). Proposals will be presented to and reviewed with the Owner at an in-person meeting. Construction Manager shall, at a minimum, include in the GMP proposal(s):
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GUARANTEED MAXIMUM PRICE (GMP) PROPOSAL. The Construction Manager hereby submits to The Board of Regents of The Texas A&M University System, pursuant to the provisions of Article 7 of the Agreement by and between the Board of Regents of The Texas A&M University System and Construction Manager the following Guaranteed Maximum Price Proposal for the Aggie Softball Stadium and the Aggie Track & Field Stadium, Project No. Softball Stadium, 02-3183; and the Track & Field Stadium, 02-3184, based on Plans and Specifications dated [Date on Drawings Month Day, Year].
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GUARANTEED MAXIMUM PRICE (GMP) PROPOSAL. The Contractor hereby submits to The Board of Regents of The Texas A&M University System, pursuant to the provisions of Article 7 of the Agreement by and between the Board of Regents of The Texas A&M University System and Contractor the following Guaranteed Maximum Price Proposal for the Animal Reproductive Biotechnology Center, Project No. 06-3397, based on Plans and Specifications dated [Date on Drawings Month Day, Year].
Sample 1
GUARANTEED MAXIMUM PRICE (GMP) PROPOSAL. The offer or proposal of the XXXX submitted on the prescribed form setting forth the GMP prices for the entire Work or portions of the Work to be performed during the construction phase. The GMP Proposal(s) are to be developed pursuant to Article 2 of this Contract.
Sample 1
GUARANTEED MAXIMUM PRICE (GMP) PROPOSAL. The Construction Manager in preparation of the GMP shall make all reasonable efforts and strive to obtain at least three (3) written or sealed bids, as requested by Owner’s Project Representative, for each trade category of the Work consistent with paragraph 15.33. The Construction Manager shall maintain these bids for the length of time specified in Article 3.16. The Construction Manager must provide the Owner’s Project Representative with a copy of the Bid Advertisement(s), Bid Proposal Form and any related bidding information provided to the subcontractors prior to the presentation of the bids. After bid opening, the bid tabulations and supporting quotes are to be provided to the Owner’s Project Representative for review in association with the presentation of the GMP. The Construction Manager shall include in the GMP the responses from the lowest responsible, responsive bidder. Should the Construction Manager determine it is in the best interest of the Owner to utilize a subcontractor other than the lowest responsible, responsive bidder; the Construction Manager’s decision must be approved in writing by the Owner’s Project Representative prior to entering into the subcontract. Should the Construction Manager see the need/opportunity to self-perform work to the benefit of the Owner, that portion of the work must be competitively bid as described in this Article, ONLY after disclosure to the Owner’s Project Representative, and receiving written approval to bid. Should the Construction Manager see the need/opportunity to utilize a related party or subsidiary subcontractor, that portion of the work must be competitively bid as described in this Article, ONLY after disclosure to the Owner’s Project Representative, and receiving written approval to bid. Self-performed Work proposed by the Construction Manager shall not include the cost of bonding.
Sample 1

Related to GUARANTEED MAXIMUM PRICE (GMP) PROPOSAL

  • GUARANTEED MAXIMUM PRICE PROPOSAL 7.1 At the conclusion of the Design Development phase the Contractor shall prepare and submit a Guaranteed Maximum Price Proposal to Owner based on the Design Development phase documents and review comments. The GMP shall be delivered to the Owner within three (3) weeks of the Design Development review meeting or a date established by the Owner. The GMP Proposal must be prepared in accordance with the guidelines established by Owner and delivered in the format specified by Owner in Exhibit “E” attached to this Agreement. Owner, at its sole option and discretion, may specify different requirements for the GMP Proposal. Contractor shall not withdraw its Guaranteed Maximum Price Proposal for ninety (90) days following submission to Owner.

  • Guaranteed Maximum Price (GMP Construction Manager guarantees that it shall not exceed a Guaranteed Maximum Price (GMP) of Four Million, Six Hundred Thirteen Thousand, Two Hundred Ninety-Three Dollars and Fifty Cents ($4,613,293.50) for the identified Sub-Project.

  • Guaranteed Maximum Price The anticipated Guaranteed Maximum Price for the Project at the time this Agreement is executed is: Forty Six Million, Twenty Nine Thousand Dollars ($46,029,000)

  • Guaranteed Maximum Costs The City’s payment obligation to Contractor cannot at any time exceed the amount certified by City’s Controller for the purpose and period stated in such certification. Absent an authorized Emergency per the City Charter or applicable Code, no City representative is authorized to offer or promise, nor is the City required to honor, any offered or promised payments to Contractor under this Agreement in excess of the certified maximum amount without the Controller having first certified the additional promised amount and the Parties having modified this Agreement as provided in Section 11.5, “Modification of this Agreement.”

  • Cost Proposal After the Approved Working Drawings are approved by Landlord and Tenant, and the Contractor and subcontractors have been selected pursuant to Section 4.1 above, Landlord shall provide Tenant with a cost proposal in accordance with the Approved Working Drawings setting forth the reconciled bids and copies of all sub-bids, which cost proposal shall include, as nearly as possible, the cost of all Tenant Improvement Allowance Items to be incurred in connection with the construction of the Tenant Improvements (the "COST PROPOSAL"). The Cost Proposal shall reflect bids that will be priced by Contractor on an individual item-by-item or trade-by-trade basis. Landlord and Tenant shall work together in good faith in an attempt to agree upon a mutually acceptable Cost Proposal as soon as reasonably possible. Notwithstanding the foregoing, portions of the cost of the Tenant Improvements may be delivered to Tenant as such portions of the Tenant Improvements are priced by Contractor (on an individual item-by-item or trade-by-trade basis), even before the Approved Working Drawings are completed (the "PARTIAL COST PROPOSAL") for purposes of facilitating the early purchase of items and construction of the same. Tenant shall approve and deliver the Cost Proposal to Landlord within seven (7) business days of the receipt of the same, or, as to a Partial Cost Proposal within five (5) business days of receipt of the same, and upon receipt of the same by Landlord, Landlord shall be released by Tenant to purchase the items set forth in the Cost Proposal or Partial Cost Proposal, as the case may be, and to commence the construction relating to such items. If Tenant disapproves the Cost Proposal or Partial Cost Proposal, Tenant shall provide Landlord with a reasonably sufficient explanation, and in such event, Landlord and Tenant shall use good faith, diligent efforts to work with each other and Contractor to address Tenant's reasons for disapproving the Cost Proposal or Partial Cost Proposal, whichever is the case and a new Cost Proposal (or Partial Cost Proposal, as applicable) shall be prepared and the process described in this Section 4.2 shall be repeated. The date by which Tenant must approve and deliver the Cost Proposal or the last Partial Cost Proposal to Landlord, as the case may be, shall be known hereafter as the "COST PROPOSAL DELIVERY DATE". The total of all Partial Cost Proposals, if any, shall be known as the Cost Proposal.

  • QUANTITY BASIS OF CONTRACT – NO GUARANTEED QUANTITIES The contract established has no guarantee of any specific quantity and the State is obligated only to buy that quantity which is needed by its agencies.

  • Unit Price Work Work to be paid for on the basis of unit prices as defined and described in the Contract Documents. A percentage markup for overhead or profit shall be included in all unit prices.

  • Milestone Schedule Please state the status and progress of each Milestone and identify any completed Milestone(s) for the previous calendar quarter.

  • Contract Price 5.01 Owner shall pay Contractor for completion of the Work in accordance with the Contract Documents the amounts that follow, subject to adjustment under the Contract:

  • C1 Contract Price C1.1 In consideration of the Contractor’s performance of its obligations under the Contract, the Authority shall pay the Contract Price in accordance with clause C2 (Payment and VAT).

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