Examples of General Conditions Costs in a sentence
The Project Manager’s Monthly Salary Rate may be included in the General Conditions Costs only when the Project Manager is directly managing the Project.
Owner may reduce the amount requested for General Conditions Costs in any Application for Payment if Owner, in its good faith judgment, determines that the unpaid balance of the General Conditions line item in the Schedule of Values is not sufficient to fund necessary General Conditions Costs for the remainder of the Project.
The GMP Proposal shall include, without limitation, a breakdown of CM’s estimated General Conditions Costs and estimated Costs of the Work organized by trade and CSI division format; all contingency amounts (including escalation), the Construction Phase Fee; and shall reflect and incorporate the Contract Time Requirements, including dates for Notice to Proceed, completion of the phases of design, Substantial Completion and Final Completion.
The Project Manager’s Monthly Salary Rate may be included in the General Conditions Costs only when the Project Manager is directly located on and managing the Project.
If Owner makes material changes to the insurance requirements of this Agreement, then Owner shall also allow reasonable premium adjustments to authorized General Conditions Costs.