Common use of Cost of the Project Clause in Contracts

Cost of the Project. The term “cost of the Project” shall include all amounts paid by the Owner to the CM for CONSTRUCTION AND POST- CONSTRUCTION PHASE BASIC SERVICES PROVIDED BY THE CM IN PARAGRAPHS 3.5 AND 3.6 AND payment to all separate Contractors, suppliers and equipment lessors for all work, material, and equipment supplied to the Project including general conditions items. 7.1.2.1 The cost of the Project shall not include the following: 7.1.2.1.1 The CM’s fee for Basic Services IN PARAGRAPHS 3.2, 3.3 AND 3.4; 7.1.2.1.2 All professional fees paid by the Owner to the Designer or other consultants retained directly by the Owner; 7.1.2.1.3 All costs paid directly by the Owner to contractors or suppliers retained directly by the Owner and outside the scope of the Guaranteed Maximum Price; 7.1.2.1.4 All Additional Services costs as defined herein; or 7.1.2.1.5 All other costs not within the control of the CM or identified as being not within the Guaranteed Maximum Price. 7.1.2.2 The cost of the Project may be further defined in the documentation required by Paragraph 12.1.2 of this Agreement. If the requirements of this Paragraph 7.1.2 and the documentation required by Paragraph 12.1.2 differ, then the CM shall identify and explain the difference, but the documentation provided in accordance with Paragraph 12.1.2 shall be the basis for determining the scope of the Guaranteed Maximum Price.