Common use of Construction of the Public Improvements Clause in Contracts

Construction of the Public Improvements. 12 (a) (1) The Developer shall select the Contractor to construct the Public Improvements 13 substantially in accordance with the Public Improvements plans and specifications. The Developer shall 14 establish a guaranteed maximum price, guaranteeing the maximum price for the construction cost of the 15 Public Improvements or designated portions thereof. The guaranteed maximum price shall provide for 16 reimbursement of actual general conditions and reasonable allowances for overhead, profit, and

Construction of the Public Improvements. 12 38 39 (a) (1) The Developer shall select the Contractor to construct the Public Improvements 13 40 substantially in accordance with the Public Improvements plans and specifications. The Developer shall 14 41 establish a guaranteed maximum price, guaranteeing the maximum price for the construction cost of the 15 42 Public Improvements or designated portions thereof. The guaranteed maximum price shall provide for 16 43 reimbursement of actual general conditions and reasonable allowances for overhead, profit, andand 44 construction contingencies, which shall be consistent with the terms outlined in Section 4.08 hereof.