Items Included. Owner shall pay, and Construction Manager shall accept, as full and complete payment for the Construction Services, only the sum of the following items (collectively, the “Contract Price”), which Contract Price shall not exceed the GMP: (i) the aggregate Cost of the Work, not to exceed the amount therefore specified in the GMP; (ii) the compensation for Construction Manager’s provision of management services (the “Staffing Costs”), not to exceed the amount therefore specified in the GMP; (iii) the aggregate net cost of Construction Manager’s General Conditions (the “General Conditions Costs”), not to exceed the amount therefore specified in the GMP; and (iv) Construction Manager’s Overhead and Fee, not to exceed the amount therefore specified in the GMP. Items of Work not included in this Subsection 5.2.1 are compensable only as part of the Construction Manager’s Overhead and Fee and are otherwise not reimbursable.
Appears in 3 contracts
Sources: Construction Management Agreement, Construction Management Services Agreement, Construction Management Agreement
Items Included. Owner shall pay, and Construction Manager shall accept, as full and complete payment for the Construction Services, only the sum of the following items (collectively, the “Contract Price”), which Contract Price shall not exceed the GMP:
(i) the aggregate Cost of the Work, not to exceed the amount therefore specified in the GMP;
(ii) the compensation for Construction Manager’s provision of management services (the “Staffing Costs”), not to exceed the amount therefore specified in the GMP;
(iii) the aggregate net cost of Construction Manager’s General Conditions (the “General Conditions Costs”), not to exceed the amount therefore specified in the GMP; and
(iv) Construction Manager’s Overhead and Fee, not to exceed the amount therefore specified in the GMP. Items of Work not included in this Subsection Section 5.2.1 are compensable only as part of the Construction Manager’s Overhead and Fee and are otherwise not reimbursable.
Appears in 2 contracts
Sources: Construction Management Agreement, Construction Management Agreement
Items Included. Owner shall pay, and Construction Manager shall accept, as full and complete payment for the Construction Services, only the sum of the following items (collectively, the “Contract Price”), which Contract Price shall not exceed the GMPGMP for each individual project:
(i) the aggregate Cost of the Work, not to exceed the amount therefore specified in the GMP;
(ii) the compensation for Construction Manager’s provision of management services (the “Staffing Costs”), not to exceed the amount therefore specified in the GMP;
(iii) the aggregate net cost of Construction Manager’s General Conditions (the “General Conditions Costs”), not to exceed the amount therefore specified in the GMP; and
(iv) Construction Manager’s Overhead and Fee, not to exceed the amount therefore specified in the GMP. Items of Work not included in this Subsection Section 5.2.1 are compensable only as part of the Construction Manager’s Overhead and Fee and are otherwise not reimbursable.
Appears in 1 contract
Sources: Construction Management Agreement
Items Included. Owner shall pay, and Construction Manager shall accept, as full and complete payment for the Construction Services, only the sum of the following items (collectively, the “Contract Price”), which Contract Price shall not exceed the GMPGMP for each individual project:
(i) the aggregate Cost of the Work, not to exceed the amount therefore specified in the GMP;
(ii) the compensation for Construction Manager’s provision of management services (the “Staffing Costs”), not to exceed the amount therefore specified in the GMP;
(iii) the aggregate net cost of Construction Manager’s General Conditions (the “General Conditions Costs”), not to exceed the amount therefore specified in the GMP; and
(iv) Construction Manager’s Overhead and Fee, not to exceed the amount therefore specified in the GMP. Items of Work not included in this Subsection 5.2.1 are compensable only as part of the Construction Manager’s Overhead and Fee and are otherwise not reimbursable.
Appears in 1 contract
Sources: Construction Management Agreement