Common use of Guaranteed Maximum Price (GMP Clause in Contracts

Guaranteed Maximum Price (GMP. The maximum amount that Owner is obligated to pay CM/GC for construction of the Project under the GMP Change Order and includes all costs and fees to be paid to CM/GC in connection with the Work and the Project.

Appears in 2 contracts

Sources: Construction Management Agreement, Construction Management Agreement

Guaranteed Maximum Price (GMP. The maximum amount that which Owner is obligated to pay CM/GC Construction Manager for construction of the Project under the a GMP Change Order and includes for all costs and or fees to be paid to CM/GC of Construction Manager in connection with the Work and the Projectsuch Work.

Appears in 1 contract

Sources: Construction Management Agreement

Guaranteed Maximum Price (GMP. The maximum amount that Owner is obligated to pay CM/GC Design- Builder for construction of the Project under the GMP Change Order and includes all costs and fees to be paid to CM/GC Design-Builder in connection with such the Work and the Project.

Appears in 1 contract

Sources: Design Build Contract

Guaranteed Maximum Price (GMP. The maximum amount that Owner is obligated to pay CM/GC Design-Builder for construction of the Project under the GMP Change Order and includes all costs and fees to be paid to CM/GC Design-Builder in connection with such the Work and the Project.

Appears in 1 contract

Sources: Construction Contract