Common use of Execution of Appendix Clause in Contracts

Execution of Appendix. “K”. 2.8.1 If the GMP proposal is not accepted by the County, the County shall promptly notify the Construction Manager in writing. Within fourteen (14) calendar days of such notification, the County, Professional and Construction Manager must meet to discuss and resolve any differences, inconsistencies, or misunderstandings and to negotiate recommended adjustments to the Work or to the GMP. If the parties are unable or unwilling to agree on a negotiated variant, the County shall hire an independent cost estimator to verify the GMP amount. If the independent estimate displays that the GMP should be within five percent (5%) of the project budget, the County may terminate this Contract at no cost; with the exception of paying the General Contractor the required Preconstruction Services Fee, to the County. If the independent estimate displays that the GMP appropriately exceeds the project budget by more than five percent (5%), then the Professional will revise the plans to allow the GMP to be within project budget. 2.8.2 The County may, at its sole discretion and based upon its sole judgment: (i) indicate its acceptance of a GMP proposal; (ii) reject a GMP proposal; (iii) terminate the Project; or

Execution of Appendix. “KM”. 2.8.1 If the GMP proposal is not accepted by the County, the County shall promptly notify the Construction Manager in writing. Within fourteen (14) calendar days of such notification, the County, Professional and Construction Manager must meet to discuss and resolve any differences, inconsistencies, or misunderstandings and to negotiate recommended adjustments to the Work or to the GMP. If the parties are unable or unwilling to agree on a negotiated variant, the County shall hire an independent cost estimator to verify the GMP amount. If the independent estimate displays that the GMP should be within five percent (5%) of the project budget, the County may terminate this Contract at no cost; with the exception of paying the General Contractor the required Preconstruction Services Fee, to the County. If the independent estimate displays that the GMP appropriately exceeds the project budget by more than five percent (5%), then the Professional will revise the plans to allow the GMP to be within project budget. 2.8.2 The County may, at its sole discretion and based upon its sole judgment: (i) indicate its acceptance of a GMP proposal; (ii) reject a GMP proposal; (iii) terminate the Project; or

Execution of Appendix. “K”. 2.8.1 If the GMP proposal is not accepted by the County, the County shall promptly notify the Construction Manager in writing. Within fourteen (14) calendar days of such notification, the County, Professional and Construction Manager must meet to discuss and resolve any differences, inconsistencies, or misunderstandings and to negotiate recommended adjustments to the Work or to the GMP. If the parties are unable or unwilling to agree on a negotiated variant, the County shall hire an independent cost estimator to verify the GMP amount. If the independent estimate displays that the GMP should be within five percent (5%) of the project budget, the County may terminate this Contract at no cost; with the exception of except for paying the General Contractor the required Preconstruction Services Fee, to the County. If the independent estimate displays that the GMP appropriately exceeds the project budget by more than five percent (5%), then the Professional will revise the plans to allow the GMP to be within project budget. 2.8.2 The County may, at its sole discretion and based upon its sole judgment: (i) indicate its acceptance of a GMP proposal; (ii) reject a GMP proposal; (iii) terminate the Project; or