Common use of GMP Proposal Requirements Clause in Contracts

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.

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; andSection 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.