Examples of Guaranteed Price in a sentence
In the event of a tie in the Final Proposal Score between two Proponents the Sponsors may, in their sole discretion, give the higher ranking to the Proponent proposing the lower Guaranteed Price in its Proposal.
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.
A reference to Contract Price in any of the Contract Documents shall be deemed to be a reference to Guaranteed Price.
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.
The Guaranteed Price will only be adjusted as set out in GC 6.2 – CHANGE ORDER.