Common use of GMP Adjustment Clause in Contracts

GMP Adjustment. If a GMP requires an adjustment due to changes in the Work, the cost of such changes is determined subject to Article 8. The markups permitted on such changes shall be no greater than the markups delineated in the approved GMP.

Appears in 3 contracts

Sources: Construction Manager at Risk Agreement, Construction Manager at Risk Agreement, Design Build Agreement

GMP Adjustment. If a GMP requires an adjustment due to changes in the Work, the cost of such changes is determined subject to Article 812. The markups permitted on such changes shall be no greater than the markups delineated in the approved GMP.

Appears in 3 contracts

Sources: Job Order Contract, Job Order Contract, Job Order Contract

GMP Adjustment. If a GMP requires an adjustment due to changes in the Work, the cost of such changes is determined subject to Article 8. The markups permitted on such changes shall will be no greater than the markups delineated in the approved GMP.

Appears in 1 contract

Sources: Construction Manager at Risk Contract