GMP Amendment definition

GMP Amendment means an amendment to this Agreement, signed by Owner and Construction Manager, determined in accordance with Article 5, issued in the form of Exhibit D, establishing Construction Manager’s GMP and GMP Qualifications and Assumptions, for each Deliverable Portion of Work.
GMP Amendment shall have the same meaning as in the Agreement.

Examples of GMP Amendment in a sentence

  • For multi-year CM AT RISK projects, awarding authority must request an annual update no later than two weeks before the anniversary date, determined as the earlier of: (a) the execution date of the GMP Amendment, or (b) the execution date of the first amendment to permit procurement of construction services.

  • For CM AT RISK projects (bid pursuant to G.L. c.149A), the earlier of: (a) the execution date of the GMP Amendment, or (b) the bid for the first construction scope of work must be within 90-days of the wage schedule issuance date.• The wage schedule shall be incorporated in any advertisement or call for bids for the project as required by M.G.L. c.

  • No payment made hereunder shall be or be construed to be final acceptance or approval of that portion of the Work to which such partial payment relates or shall relieve Contractor of any of its obligations hereunder.E.2.9 Contractor shall submit its initial MWESB Report within ten(10) Days of Contractor’s execution of the Contract, or if there will be a Guaranteed Maximum Price (GMP) Amendment, then within ten (10) Days of Contractor’s execution of the GMP Amendment.

  • GMP Supporting Documents shall mean the documents referenced in the GMP Amendment as the basis for establishing the GMP.

  • Upon acceptance of the GMP by Owner, the parties shall execute a GMP Amendment.


More Definitions of GMP Amendment

GMP Amendment means an amendment to the Design-Build Agreement, in the form of Amendment No. 1, to establish and memorialize the final guaranteed maximum price as part of the Design-Build Agreement executed on [ ].
GMP Amendment means the GMP Proposal, as may be amended and accepted by the City, at its sole discretion, which amendment shall automatically become incorporated herein upon the City and the Construction Manager’s execution of same, and shall establish, among other things, the GMP, the names of the Construction Manager’s on-site management and supervisory personnel for the Project, and the Agreement Time for the Construction Work.
GMP Amendment means the document based on the GMP Proposal and signed by CMR and TFC that establishes (i) the Guaranteed Maximum Price and its basis and (ii) all other requirements set forth in Section 5.3
GMP Amendment. GMP Submittal accepted by the Director and approved by City Council.
GMP Amendment means an amendment to this Contract that establishes the Guaranteed Maximum Price as described in Section 2.1.14 hereof for the Project; the GMP Amendment may be issued as a Work Order or an Amendment depending on the value thereof.
GMP Amendment. The term GMP Amendment shall mean a GMP Proposal for any individual project accepted by the Owner in writing in its sole discretion, which amendment shall become a part hereof upon Owner's and Construction Manager's execution of the same and shall at a minimum establish the individual project GMP, the substantial and final completion dates, the amount of liquidated damages, and the drawings and specifications applicable to the individual project.