Common use of Guaranteed Price Clause in Contracts

Guaranteed Price. The parties agree that the Guaranteed Price will not be subject to adjustment despite changes in the Work, unless such changes in the Work also constitute a Change in the Scope of the Work as that term is defined in the Contract Documents. The parties further agree that the Guaranteed Price will only be adjusted where the Contract Documents specifically and expressly refer to an adjustment to the Guaranteed Price and no claim for an adjustment to the Guaranteed Price on any legal or equitable basis outside of the specific and express rights to an adjustment of the Guaranteed Price set out in the Contract Documents will be allowed. In order to be effective, any permitted adjustment to the Guaranteed Price must be provided for in a Change Order under GC 6.2 – CHANGE ORDER.

Guaranteed Price. The parties agree that the Guaranteed Price will not be subject to adjustment despite changes in the Work, unless such changes in the Work also constitute a Change in the Scope of the Work as that term is defined in the Contract Documents. The parties further agree that the Guaranteed Price will only be adjusted where the Contract Documents specifically and expressly refer to an adjustment to the Guaranteed Price and no claim for an adjustment to the Guaranteed Price on any legal or equitable basis outside of the specific and express rights to an adjustment of the Guaranteed Price set out in the Contract Documents will be allowed. In order to be effective, any permitted adjustment to the Guaranteed Price must be provided for in a Change Order under GC 6.2 – CHANGE ORDER.GC

Guaranteed Price. The parties agree that the Guaranteed Price will not be subject to adjustment despite changes in the Work, unless such changes in the Work also constitute a Change in the Scope of the Work as that term is defined in the Contract Documents. The parties further agree that the Guaranteed Price will only be adjusted where the Contract Documents specifically and expressly refer to an adjustment to the Guaranteed Price and no claim for an adjustment to the Guaranteed Price on any legal or equitable basis outside of the specific and express rights to an adjustment of the Guaranteed Price set out in the Contract Documents will be allowed. In order to be effective, any permitted adjustment to the Guaranteed Price must be provided for in a Change Order under GC 6.2 – - CHANGE ORDER.

Guaranteed Price. The parties agree that the Guaranteed Price will not be subject to adjustment despite changes in the Work, unless such changes in the Work also constitute a Change in the Scope of the Work as that term is defined in the Contract Documents. The parties further agree that the Guaranteed Price will only be adjusted where the Contract Documents specifically and expressly refer to an adjustment to the Guaranteed Price and no claim for an adjustment to the Guaranteed Price on any legal or equitable basis outside of the specific and express rights to an adjustment of the Guaranteed Price set out in the Contract Documents will be allowed. In order to be effective, any permitted adjustment to the Guaranteed Price must be provided for in a Change Order under GC 6.2 6.2– CHANGE ORDER.

Guaranteed Price. The parties agree that the Guaranteed Price will not be subject to adjustment despite changes in the Work, unless such changes in the Work also constitute a Change in the Scope of the Work as that term is defined in the Contract Documents. The parties further agree that the Guaranteed Price will only be adjusted where the Contract Documents specifically and expressly refer to an adjustment to the Guaranteed Price and no claim for an adjustment to the Guaranteed Price on any legal or equitable basis outside of the specific and express rights to an adjustment of the Guaranteed Price set out in the Contract Documents will be allowed. In order to be effective, any permitted adjustment to the Guaranteed Price must be provided for in a Change Order under GC 6.2 – 6.2- CHANGE ORDER.