GMP Proposal. Based on Owner's Project Criteria, the Design Documents, as such may be revised pursuant to Paragraph 3.1.B., and any other Basis of Design Documents upon which the parties may agree, Design-Builder shall submit a Guaranteed Maximum Price (GMP) Proposal to Owner, which shall include the following unless the parties mutually agree otherwise: A. A proposed contract price for the design and construction of the Project, which price shall be in the form of a GMP, which includes Phases 1 and 2; B. A schedule and date of Substantial Completion of the Project upon which the GMP for the Project is based; C. All other information necessary for the parties to enter into the Contract Between Owner and Design-Builder - GMP with the accompanying General Conditions; and D. The time limit for acceptance of the Proposal.
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Sources: Design Build Contract, Design Build Contract