Examples of General Conditions Cost in a sentence
Notwithstanding anything in this Agreement to the contrary, the Construction Manager’s Contingency may not be utilized to increase the lump sum compensation for the Construction Manager’s Staffing Costs or for the General Conditions Cost, each as set forth in Section 4.2.1 of this Agreement, unless approved by a change order duly executed by Owner and Construction Manager.
The Construction Manager’s Overhead and Profit is a fixed percentage of the (i) Guaranteed Maximum Cost of the Work, (ii) Construction Manager’s Contingency, (iii) Guaranteed Maximum Construction Manager Staffing Costs, and (iv) Guaranteed Maximum General Conditions Cost (excluding bond and insurance costs), as agreed upon on Exhibit E.
These items shall be included in the General Conditions Cost amount shown as a line item in the Guaranteed Maximum Price Proposal and as detailed on the Schedule of Values.