GUARANTEED MAXIMUM PRICE; SAVINGS Sample Clauses

GUARANTEED MAXIMUM PRICE; SAVINGS. 7.1.1 The Owner shall pay the CM@Risk for the CM@Risk’s performance of this Agreement and the Work, and the CM@Risk shall accept the Cost of Work plus Fees (Pre-Construction Phase Fee and Construction Phase Fee) as payment in full; provided, however, that the sum of the Cost of Work and the Construction Phase Fee shall not exceed the GMP as originally fixed or as adjusted from time to time as provided in these General Conditions.
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GUARANTEED MAXIMUM PRICE; SAVINGS. 6.1.1 The Owner shall pay Design-Builder for Design-Builder’s performance of this Agreement and the Work, and Design-Builder shall accept the Actual Cost of Work (as defined herein) plus the Construction General Conditions and the Construction Phase Fee as payment in full; provided, however, that the sum of the Actual Cost of Work plus the Construction General Conditions and the Construction Phase Fee shall not exceed the GMP as originally fixed or as adjusted as allowed by this Agreement.
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GUARANTEED MAXIMUM PRICE; SAVINGS. 7.1.1 The Owner shall pay the XXXX for the XXXX’x performance of the Work pursuant to this Agreement, the Actual Cost of Work, up to but not exceeding the Guaranteed Maximum Price agreed to by Owner and XXXX in the Final GMP Setting Modification under Section 2.2.2.5, as such GMP may be modified as provided in the Contract Documents. Any net savings after deduction of any offsets shall be calculated and promptly paid to Owner in a deductive Change Order after Final Completion of the entire Work.
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Related to GUARANTEED MAXIMUM PRICE; SAVINGS

  • Guaranteed Maximum Price The anticipated Guaranteed Maximum Price for the Project at the time this Agreement is executed is: Fifty Million, Six Hundred Four Thousand, Eight Hundred Fifty-Five and no/100 Dollars ($ 50,604,855.00);

  • Guaranteed Maximum Price (GMP Construction Manager guarantees that it shall not exceed a Guaranteed Maximum Price (GMP) of Eight Hundred Thirty Thousand, Two Hundred Twenty Dollars and Forty-Five Cents ($830,220.45) for the identified Sub-Project.

  • GUARANTEED MAXIMUM PRICE PROPOSAL 7.1 At the conclusion of the Design Development phase the Contractor shall prepare and submit a Guaranteed Maximum Price Proposal to Owner based on the Design Development phase documents and review comments. The GMP shall be delivered to the Owner within three (3) weeks of the Design Development review meeting or a date established by the Owner. The GMP Proposal must be prepared in accordance with the guidelines established by Owner and delivered in the format specified by Owner in Exhibit “E” attached to this Agreement. Owner, at its sole option and discretion, may specify different requirements for the GMP Proposal. Contractor shall not withdraw its Guaranteed Maximum Price Proposal for ninety (90) days following submission to Owner.

  • Guaranteed Maximum Costs The City’s payment obligation to Contractor cannot at any time exceed the amount certified by City’s Controller for the purpose and period stated in such certification. Absent an authorized Emergency per the City Charter or applicable Code, no City representative is authorized to offer or promise, nor is the City required to honor, any offered or promised payments to Contractor under this Agreement in excess of the certified maximum amount without the Controller having first certified the additional promised amount and the Parties having modified this Agreement as provided in Section 11.5, “Modification of this Agreement.”

  • Basis of Guaranteed Maximum Price The Design-Builder shall include with the GMP Proposal a written statement of its basis, which shall include:

  • QUANTITY BASIS OF CONTRACT – NO GUARANTEED QUANTITIES The contract established has no guarantee of any specific quantity and the State is obligated only to buy that quantity which is needed by its agencies.

  • C1 Contract Price C1.1 In consideration of the Contractor’s performance of its obligations under the Contract, the Authority shall pay the Contract Price in accordance with clause C2 (Payment and VAT).

  • CONTRACT PRICE/PRICE LIMITATION/ PAYMENT 5.1 The contract price, method of payment, and terms of payment are identified and more particularly described in EXHIBIT C which is incorporated herein by reference.

  • Contract Price 5.01 Owner shall pay Contractor for completion of the Work in accordance with the Contract Documents the amounts that follow, subject to adjustment under the Contract:

  • PAYMENT AND CONTRACT PRICE C1 Contract Price C2 Payment and VAT C3 Recovery of Sums Due C4 Contract Price During Extension of the Initial Contract Period C5 Euro

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