GMP Proposal Requirements Sample Clauses

GMP Proposal Requirements. The GMP Proposal shall be consistent with the Guidelines to Prepare the GMP Proposal attached hereto as Exhibit 6 and shall include the following, unless the Parties mutually agree otherwise: .1 A proposed GMP for the designated portion of the Work, which shall be the sum of: i. Stipulated Sum for Preconstruction Phase Services established under Section 7.2.1 above and the Preconstruction Phase Reimbursables subject to Section 7.2.1.1above for the designated portion of the Work; ii. the CM's Fee for the designated portion of the Work as defined in Section 7.2.2 above; and iii. the estimated Cost of the Work, including the CM's General Conditions Costs, as defined in Section 7.3 above, inclusive of any Construction Contingency, if such a Contingency is established in the accepted GMP Proposal, for the designated portion of the Work.
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GMP Proposal Requirements. Up to, but no later than Sixty percent (60%) completion of the Construction Documents preparation of each individual work package or partial GMP, the Design-Builder shall submit a GMP Proposal on a Request for Proposal form provided by Owner attached hereto as Exhibit E, which shall include the following, unless the parties mutually agree otherwise: .1 A proposed GMP, which shall be the sum of: i. Prices established under paragraph 5.1 herein. ii. Design-Builder's Fee as defined in paragraph 5.3 herein; iii. The estimated Cost of the Work as defined in paragraph 5.4 herein, inclusive of any Design-Builder’s Contingency, if such a Contingency is established in the accepted GMP Proposal; .2 A list of the drawings and specifications, including all other information used as the basis for the GMP proposal; .3 A list of the assumptions and clarifications made by Design-Builder in the preparation of the GMP Proposal, which list is intended to supplement the information contained in the drawings and specifications;
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Related to GMP Proposal Requirements

  • Submittal Requirements To comply with Subsection 4.1, Consultant shall submit the following: a. Certificate of Liability Insurance in the amounts specified in the section; and b. Waiver of Subrogation Endorsement as required by the section.

  • Capital Requirements If any Lender or the L/C Issuer determines that any Change in Law affecting such Lender or the L/C Issuer or any Lending Office of such Lender or such Lender’s or the L/C Issuer’s holding company, if any, regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s or the L/C Issuer’s capital or on the capital of such Lender’s or the L/C Issuer’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by the L/C Issuer, to a level below that which such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the L/C Issuer’s policies and the policies of such Lender’s or the L/C Issuer’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company for any such reduction suffered.

  • Minimum Vendor Legal Requirements Vendor shall remain aware of and comply with this Agreement and all local, state, and federal laws governing the sale of products/services offered by Vendor under this contract. Such applicable laws, ordinances, and policies must be complied with even if not specified herein.

  • Operational Requirements The Client will adhere to the deadlines and other operational requirements set out in the Client Publications, to facilitate meeting the requirements of CSD’s, Third Party Agents and Market Participants.

  • Financial Requirements A report of monthly and cumulative financial requirements; and