Common use of Allowance Items and Allowance Values Clause in Contracts

Allowance Items and Allowance Values. 6.4.1 Any and all Allowance Items, as well as their corresponding Allowance Values, are set forth in the GMP Proposals and are included within the GMP. 6.4.2 CMAR and Owner have worked together to review the Allowance Items and Allowance Values based on design information then available to determine that the Allowance Values constitute reasonable estimates for the Allowance Items. CMAR and Owner will continue working closely together during the preparation of the design to develop Construction Documents consistent with the Allowance Values. Nothing herein is intended in any way to constitute a guarantee by CMAR that the Allowance Item in question can be performed for the Allowance Value. 6.4.3 No work shall be performed on any Allowance Item without ▇▇▇▇ first obtaining in writing advanced authorization to proceed from Owner. Owner agrees that if CMAR is not provided written authorization to proceed on an Allowance Item by the date set forth in the Project schedule, due to no fault of ▇▇▇▇, ▇▇▇▇ may be entitled to an adjustment of the Contract Time(s) and Contract Price. 6.4.4 The Allowance Value for an Allowance Item includes the direct cost of labor, materials, equipment, transportation, taxes and insurance associated with the applicable Allowance Item. All other costs, including ▇▇▇▇’▇ overall project management and general conditions costs, overhead and fee, are deemed to be included in the original Contract Price, and are not subject to adjustment, regardless of the actual amount of the Allowance Item. 6.4.5 Whenever the actual costs for an Allowance Item is more than or less than the stated Allowance Value, the Contract Price shall be adjusted accordingly by Change Order, subject to Section 6.4.4. The amount of the Change Order shall reflect the difference between actual costs incurred by CMAR for the particular Allowance Item and the Allowance Value.

Allowance Items and Allowance Values. 6.4.1 Any and all Allowance Items, as well as their corresponding Allowance Values, are set forth in the GMP Proposals and are included within the GMP. 6.4.2 CMAR ▇▇▇▇ and Owner have worked together to review the Allowance Items and Allowance Values based on design information then available to determine that the Allowance Values constitute reasonable estimates for the Allowance Items. CMAR ▇▇▇▇ and Owner will continue working closely together during the preparation of the design to develop Construction Documents consistent with the Allowance Values. Nothing herein is intended in any way to constitute a guarantee by CMAR ▇▇▇▇ that the Allowance Item in question can be performed for the Allowance Value. 6.4.3 No work shall be performed on any Allowance Item without ▇▇▇▇ first obtaining in writing advanced authorization to proceed from Owner. Owner agrees that if CMAR ▇▇▇▇ is not provided written authorization to proceed on an Allowance Item by the date set forth in the Project schedule, due to no fault of ▇▇▇▇, ▇▇▇▇ may be entitled to an adjustment of the Contract Time(s) and Contract Price. 6.4.4 The Allowance Value for an Allowance Item includes the direct cost of labor, materials, equipment, transportation, taxes and insurance associated with the applicable Allowance Item. All other costs, including ▇▇▇▇’▇ overall project management and general conditions costs, overhead and fee, are deemed to be included in the original Contract Price, and are not subject to adjustment, regardless of the actual amount of the Allowance Item. 6.4.5 Whenever the actual costs for an Allowance Item is more than or less than the stated Allowance Value, the Contract Price shall be adjusted accordingly by Change Order, subject to Section 6.4.4. The amount of the Change Order shall reflect the difference between actual costs incurred by CMAR ▇▇▇▇ for the particular Allowance Item and the Allowance Value.