Basis of Guaranteed Maximum Price Clause Examples
Basis of Guaranteed Maximum Price. The Design-Builder shall include with the GMP Proposal a written statement of its basis, which shall include:
Basis of Guaranteed Maximum Price. The Construction Manager shall include with the GMP proposal a written statement of its basis, which shall include:
3.10.4.1 A list of the Drawings and Specifications, including all addenda thereto and the conditions of the Contract, which were used in preparation of the GMP proposal.
3.10.4.2 A list of allowances and a statement of their basis.
3.10.4.3 A list of the clarifications and assumptions made by the Construction Manager in the preparation of the GMP proposal to supplement the information contained in the Drawings and Specifications
3.10.4.4 The proposed GMP, including a statement of the estimated cost organized by trade categories, allowances, contingency, and other items and the fee that comprise the GMP.
3.10.4.5 The Date of Substantial Completion upon which the proposed GMP is based, and a schedule of the Construction Documents issuance dates upon which the date of substantial completion is based.
Basis of Guaranteed Maximum Price. (GMP)
.1 A list of the drawings and specifications, including all addenda thereto and the conditions of the contract, which were used in preparation of the GMP proposal.
Basis of Guaranteed Maximum Price. The Construction Manager shall include with the GMP proposal a written statement of its basis, which shall include:
1. A list of the Project Plans and Specifications, including all addenda thereto and the Conditions of the Contract, which were used in preparation of the GMP proposal.
2. A list of allowances and a statement of their basis.
3. A list of the clarifications and assumptions made by the Construction Manager in the preparation of the GMP proposal to supplement the information contained in the Project Plans and Specifications.
4. The proposed GMP, including a statement of the estimated costs organized by trade categories, allowances, contingency, and other items and the Fee that comprise the GMP.
5. The Date of Substantial Completion upon which the proposed GMP is based, and a schedule of the construction documents issuance dates upon which the date of Substantial Completion is based.
Basis of Guaranteed Maximum Price. The Construction Manager shall include with the Guaranteed Maximum Price proposal for the Project a written statement of its basis, which shall include:
.1 A list of the Drawings and Specifications, including all addenda thereto and the Conditions of the Contract, which were used in preparation of the Guaranteed Maximum Price proposal.
Basis of Guaranteed Maximum Price. 7.2.1 The Construction Manager shall include with the Guaranteed Maximum Price proposal a written statement of its basis, which shall include:
(a) a list of the Drawings and Specifications, including all Addenda thereto and the other Contract Documents, which were used in preparation of the Guaranteed Maximum Price proposal;
(b) If allowed by the Owner, a list of allowances and a statement of their basis, including all assumptions shall be included in the Guaranteed Maximum Price (any expenditures of allowances shall require the Owner’s prior written approval);
(c) a list of the clarifications and assumptions made by the Construction Manager in the preparation of the Guaranteed Maximum Price proposal to supplement the information contained in the Drawings and Specifications;
(d) a statement of the Construction Cost, organized by proposed bid package trade categories, allowances, contingency, change orders, general conditions items and the fee that comprise the Guaranteed Maximum Price;
(e) the Construction Schedule depicting the Work and the Date of Substantial Completion upon which the Guaranteed Maximum Price proposal is based;
(f) the costs for permits, anticipated tests, inspections, and other similar costs associated with the Work, which shall be carried as an Owner’s set-aside, outside of the Guaranteed Maximum Price; and
(g) all applicable taxes (the Guaranteed Maximum Price shall not be changed as the result of the Construction Manager’s failure to include any applicable tax, or as a result of any change in the Construction Manager’s tax liabilities).
Basis of Guaranteed Maximum Price. The Design-Builder shall include with the GMP Proposal a written statement of its basis, which shall include:
4.6.1 A list of drawings, specifications, addenda, general, supplementary, and other conditions on which the Guaranteed Maximum Price is based.
4.6.2 A list of unit prices and allowance items and a statement of their basis.
4.6.3 Assumptions and clarifications made in preparing the GMP Proposal, noting in particular any exclusions. The assumptions and clarifications shall take precedence over the drawings and specifications. The Design-Builder shall prepare a separate memorandum that highlights any differences between the then approved drawings and the modifications made in the assumptions and clarifications. Such memorandum shall specifically address any changes in the Project aesthetics, functionality or performance.
4.6.4 The proposed GMP, including a statement of the detailed cost estimate organized by trade categories, allowances, contingency, and other items and the fees that comprise the GMP.
4.6.5 An update to the Project’s schedule to which the Design-Builder will agree to be bound. This update shall be prepared in the same level of detail and in the same manner as the Baseline Schedule.
4.6.6 A subcontracting plan setting forth the names and estimated dollar volume of the work that will be perform by LSBDEs, as certified by the Department of Small and Local Business Development (DSLBD), upon which the GMP is based.
Basis of Guaranteed Maximum Price. The Construction Manager shall include with the GMP Proposal a written statement of its basis, which shall include:
Basis of Guaranteed Maximum Price. The Construction Manager shall include with the GMP Proposal a written statement of its basis, which shall include:
2.1.11.1. The proposed Guaranteed Maximum Price, including a statement of the estimated cost organized by trade categories, allowances, contingency, and other items and the fee that comprise the Guaranteed Maximum Price.
2.1.11.2. A list of the Drawings and Specifications, including all addenda thereto and the General Conditions, which were used in preparation of the GMP Proposal.
2.1.11.3. A list of allowances and a statement of their basis.
2.1.11.4. A list of the clarifications and assumptions made by the Construction Manager in the preparation of the GMP Proposal to supplement the information contained in the Drawings and Specifications.
2.1.11.5. The Date of Substantial Completion upon which the proposed Guaranteed Maximum Price is based, and a schedule of the Construction Documents issuance dates upon which the date of Substantial Completion is based.
Basis of Guaranteed Maximum Price. The Design-Builder shall include with the GMP Proposal a written statement of its basis, which shall include: SAMPLE
3.2.2.1 a list of the drawings and specifications, including all addenda, which were used in preparation of the GMP Proposal;
3.2.2.2 a list of allowances and a statement of their basis;
3.2.2.3 a list of the assumptions and clarifications made by the Design-Builder in the preparation of the GMP Proposal to supplement the information contained in the drawings and specifications issued as part of the RFP;
3.2.2.4 the Date of Substantial Completion and the Date of Final Completion upon which the proposed GMP is based, and the Schedule of Work upon which the Date of Substantial Completion or the Date of Final Completion is based;
3.2.2.5 a schedule of applicable alternate prices;
3.2.2.6 a schedule of applicable unit prices;
3.2.2.7 a statement of Additional services included, if any,