FGMP definition

FGMP means and refers to the final guaranteed not-to-exceed amount payable by the Authority to the DB Contractor for the performance of all Work on the Project, developed in accordance with Section 4.1 (
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Examples of FGMP in a sentence

  • All discounts, rebates, and refunds shall accrue to the Authority, and there shall be a commensurate reduction to the GMP (including a reduction in the FGMP by Change Order, as applicable).

  • Savages and Civility: Indians and Englishmen in Colonial Virginia.

  • The DB Contractor shall update and refine the FGMP Proposal by comparing the proposed FGMP against a revised estimate of projected costs prepared (a) at the approval by the Authority of 100% complete and approved Construction Documents for the entire Work (or earlier if agreed by the parties) and (b) upon receipt and acceptance of Subcontract bids for each Work Package (or for all major trade items included therein) in accordance with Subsection 10.2.3 (Subcontract Bidding and Award).

  • The State Parties, and the Program Manager on their behalf, shall each be entitled to full access to the details of the DB Contractor’s process for developing any proposed Work Package breakdown, Schedule of Values, Work Package bid documents, Work Package GMP Proposal, Work Package Authorization, GMP Amendment, FGMP Proposal, and FGMP Amendment, including all supporting documentation as described in Subsection 4.1.5.2(b) (Work Package GMP Proposal).

  • If the Authority refuses or fails to timely approve the FGMP Proposal, or rejects the FGMP Proposal, or the parties fail to timely execute the FGMP Amendment, the Authority may suggest modifications to the FGMP Proposal.

  • The DB Contractor shall make appropriate adjustments to the FGMP Proposal, its bases, or both, and return an updated FGMP Proposal package to the ADOC and Program Manager for review and comment by the Program Manager, the ADOC, and the Authority.

  • If such modifications are accepted in writing by the DB Contractor, the parties shall proceed with executing the FGMP Amendment (reflecting such modifications) in accordance with Subsection 4.1.5.8 (FGMP Amendment) above.

  • If projected cost to Project completion values exceed amounts remaining to Project completion, the Construction Manager shall provide a detailed proposal on how it will complete the Project within the General Conditions/Requirements value established at FGMP or as modified by previous Change Order to comply with the Standard of Care requirements of this Agreement.

  • In confirmation and furtherance of the terms and provisions of this Subsection 12.2.5, the DB Contractor acknowledges and agrees that each GMP (including the FGMP and each Work Package GMP) and the Contract Time may only be adjusted in accordance with, and to the extent permitted by, the terms and provisions of this Section 12.2 (Excusable Events).

  • The Contract Documents consist of this Agreement, Conditions of the Contract (General, Supplementary and other Conditions), assumptions and qualifications set forth in Exhibit J – IGMP and FGMP Estimates, Drawings, Specifications, Addenda issued prior to execution of this Agreement, other documents listed in this Agreement and Modifications issued after execution of this Agreement, all of which form the Contract, and are as fully a part of the Contract as if attached to this Agreement or repeated herein.

Related to FGMP

  • GMP means the amount proposed by Contractor and accepted by Owner as the maximum cost to Owner for construction of the Project in accordance with this Agreement. The GMP includes Contractor’s Construction Phase Fee, the General Conditions Cost, the Cost of the Work, and Contractor’s Contingency amount.

  • Bioassay means the determination of kinds, quantities or concentrations, and, in some cases, the locations of radioactive material in the human body, whether by direct measurement, in vivo counting, or by analysis and evaluation of materials excreted or removed from the human body. For purposes of these regulations, "radiobioassay" is an equivalent term.

  • API means American Petroleum Institute.

  • Project Plan means the document to be developed by the Contractor and approved by WTL, based on the requirements of the Contract and the Preliminary Project Plan included in the Contractor’s bid. For the sake of clarity, the Agreed and Finalized Project Plan” refers to the version of the Project Plan submitted by the contractor after receiving the letter of Award and the same approved by WTL. The project plan may be changed/ modified during the course of the project. Should the Project Plan conflict with the provisions of the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • cGMP means current Good Manufacturing Practices as specified in the United States Code of Federal Regulations, ICH Guideline Q7A, or equivalent laws, rules, or regulations of an applicable Regulatory Authority at the time of manufacture.