Common use of Final GMP Clause in Contracts

Final GMP. 8.1.3.1 At the end of the 50% Design Development Milestone, DBE shall prepare and submit to District for negotiation a proposed Final GMP, with all backup and subject to the open book policy set forth in Section 8.4. 8.1.3.2 The proposed Final GMP values for each of the Selected Subtrades shall not exceed the corresponding Initial GMP values for the Selected Subtrades. 8.1.3.3 If the Parties agree upon a Final GMP, the Parties shall execute a Contract amendment for the Final GMP. The Final GMP shall supersede and replace the Initial GMP. 8.1.3.4 Other than the Design Fee, which shall be compensated pursuant to Section 8.2, any fees or costs incurred by DBE prior to the Final GMP, including without limitation all construction labor and materials subcontracts, are subject to District’s prior written approval, and will only be reimbursable by and/or enforceable against District contingent upon Board approval of the Final GMP.