Phase 2 Services definition
Examples of Phase 2 Services in a sentence
The Work shall commence within five (5) days of Design-Builder’s receipt of Owner’s Notice to Proceed for Phase 2 Services (“Date of Commencement”) if the Proposal is accepted and the Contract Price Amendment is amended to this Agreement unless the parties mutually agree otherwise in writing.
Phase 2 Services Schedule commences upon 1) the execution of the Final Agreement for Phase 2 Services by both parties, and 2) the receipt of a Notice-to-Proceed (NTP) from the Owner.
The parties may agree at any time to convert the agreed GMP to a Fixed Contract Price utilizing a stipulated sum for the completion of the Phase 2 Services.
An amendment to the Contract Documents that adds the Phase 2 Services to the Contractor’s scope of Work, and includes all terms and conditions for Contractor’s performance of the Phase 2 Services.
Based on the Preliminary Design-Build Services, Design-Builder shall prepare for Owner’s consideration a proposed Contract Price for the Phase 2 Services.
The firm engaged by VPRA to prepare an independent cost estimate of the cost to perform the Phase 2 Services and Early Work and other incidental cost estimating tasks.
Once the parties have agreed upon the Contract Price and Owner has issued a Notice to Proceed with Phase 2, Design-Builder shall perform the Phase 2 Services, all as further described in the Contract Price Amendment, as it may be revised.
After submission of the Binding GMP Proposal, Contractor shall participate in workshops with VPRA and the ICE to review the Binding GMP Proposal, reconcile any differences, and attempt to negotiate a GMP for the Phase 2 Services.
If the parties initially agree that the Phase 2 Services shall be performed on the basis of a Stipulated Sum, then the Design-Builder shall develop the proposed Contract Price on an “open book” basis and present it to Owner for review and approval.
A proposal submitted by Contractor containing a binding offer to perform the Phase 2 Services for a Guaranteed Maximum Price and Baseline Schedule.