Changes to the GMP Clause Samples

Changes to the GMP. ‌ 26.1. Changes to the GMP will only be allowed as described hereunder and only after all credits, unused allowances and the Project Contingency, if applicable as per Article 11, have been fully exhausted. 26.2. Changes Initiated or Approved by the Owner: The Owner may, at any time and for any reason, by written notice or order, make changes or modifications to the Work or add Work within the general scope of the Project, including without limitation changes to the Drawings and Specifications, the Master Schedule, the sequence, manner or method of performing the Work, or the work being provided by the Owner or its separate contractors. The CM may propose changes to the Work, but no change to the Work shall be allowed unless and until the Owner by written notice or order authorizes the change. If at the time of a change to the scope of the Project the GMP has been fixed, the CM shall be entitled to seek an adjustment in the GMP. The amount of adjustment to increase or decrease the Cost of the Work resulting from a change in the Project shall be determined in one or more of the following ways: 26.2.1. By mutual acceptance of a lump sum, properly itemized and supported by cost data; or 26.2.2. By unit prices defined in a contract with a Contractor; or 26.2.3. By the cost of such Work determined on the basis of the cost records for the changed work. In the event actual costs are to be reimbursed, the CM shall keep and present in such form as may be agreeable to the Owner and the Designer an itemized accounting together with appropriate supporting data of the actual Cost of the Work.
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Changes to the GMP. Without limiting the applicability of all other provisions in this Agreement, modification of the GMP after execution of the GMP Amendment shall proceed according to Section 14.3 of this Agreement.
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Changes to the GMP. ‌ 26.1. Changes to the GMP will only be allowed as described hereunder and only after all credits, unused allowances and contingency, if applicable as per Article 11, have been fully exhausted.
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Related to Changes to the GMP

  • Changes to the Terms of this Agreement. This Agreement and any provision hereof may only be amended by an instrument in writing signed by the Company and the Buyer. The term "Agreement" and all reference thereto, as used throughout this instrument, shall mean this instrument as originally executed, or if later amended or supplemented, then as so amended or supplemented.

  • Changes to the Parties (a) Amend the new language to be included pursuant to paragraph 2 of Schedule 9 of this Agreement to add the words “except to the extent permitted by this Agreement and” at the start of the paragraph. (b) Amend paragraph (c)(i) of Clause 28.8 (Additional Obligors) to add the words “under the relevant Facility” after the words “Majority Lenders”.

  • Changes to the Terms of Use We may revise and update these Terms of Use from time to time in our sole discretion. All changes are effective immediately when we post them, and apply to all access to and use of the Website thereafter. Your continued use of the Website following the posting of revised Terms of Use means that you accept and agree to the changes. You are expected to check this page from time to time so you are aware of any changes, as they are binding on you.

  • Changes to the Obligors No Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents.

  • Changes to the Website We may update the content on this Website from time to time, but its content is not necessarily complete or up-to-date. Any of the material on the Website may be out of date at any given time, and we are under no obligation to update such material.