Common use of Limitation of Owner Liability Clause in Contracts

Limitation of Owner Liability. The Owner shall not be liable to pay CM/GC any amount for Fees, Overhead, or Actual Cost of Work performed after the date of the GMP Change Order that, after the payment of such amount or any portion thereof, would cause the aggregate amount paid to CM/GC hereunder to exceed the Guaranteed Maximum Price.

Appears in 16 contracts

Sources: Construction Management Agreement, Construction Management Agreement, Construction Management Agreement