Guaranteed Maximum Price Proposal and Contract Time. 2.2.1 When the Drawings and Specifications are sufficiently complete, the Construction Manager shall propose a Guaranteed Maximum Price, which shall be the sum of the estimated Cost of the Work and the Construction Manager's Fee for the construction and post-construction phase work, including all sales, use, consumer and other taxes required by law; all other fees, general conditions, bonds, required permits and insurance; tools, construction equipment and machinery, and temporary facilities required at the construction site; and all other facilities and services necessary for the proper execution and completion of the Work, whether temporary or permanent, and whether or not incorporated in the Work. The Guaranteed Maximum Price and project completion time shall not exceed the Owner’s maximum budget and schedule for the Project, as shown in the Exhibits A and B attached to this Contract.
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Sources: Agreement Between Owner and Construction Manager, Agreement Between Owner and Construction Manager