Common use of OWNER DIRECTED CHANGES TO THE WORK REQUIRING AN INCREASE IN GMP Clause in Contracts

OWNER DIRECTED CHANGES TO THE WORK REQUIRING AN INCREASE IN GMP. IF THE CHANGE IN OR ADDITION TO THE WORK WILL RESULT IN AN INCREASE IN THE GUARANTEED MAXIMUM PRICE, THE OWNER SHALL HAVE THE RIGHT TO REQUIRE THE PERFORMANCE THEREOF ON A LUMP SUM BASIS, A UNIT PRICE BASIS OR A TIME AND MATERIAL BASIS, ALL AS HEREINAFTER MORE PARTICULARLY DESCRIBED (THE RIGHT OF THE OWNER AS AFORESAID SHALL APPLY WITH RESPECT TO EACH SUCH CHANGE IN THE WORK). 5.2.1.1 IF THE OWNER ELECTS TO HAVE THE CHANGE IN THE WORK PERFORMED ON A LUMP SUM BASIS, ITS ELECTION SHALL BE BASED ON A LUMP SUM PROPOSAL WHICH SHALL BE SUBMITTED BY THE CM TO THE OWNER WITHIN TEN (10) DAYS OF THE CM'S RECEIPT OF A REQUEST ▇▇▇▇▇▇▇▇ (BUT THE OWNER'S REQUEST FOR A LUMP SUM PROPOSAL SHALL NOT BE DEEMED AN ELECTION BY THE OWNER TO HAVE THE CHANGE IN THE WORK PERFORMED ON A LUMP SUM BASIS). THE CM'S PROPOSAL SHALL BE ITEMIZED AND SEGREGATED BY LABOR AND MATERIALS FOR THE VARIOUS COMPONENTS OF THE CHANGE IN OR ADDITION TO THE WORK (NO AGGREGATE LABOR TOTAL WILL BE ACCEPTABLE) AND SHALL BE ACCOMPANIED BY SIGNED PROPOSALS OF ANY CONTRACTORS WHO WILL PERFORM ANY PORTION OF THE CHANGE IN, OR ADDITION TO, THE WORK AND OF ANY PERSONS WHO WILL FURNISH MATERIALS OR EQUIPMENT FOR INCORPORATION THEREIN. THE PROPOSAL SHALL ALSO INCLUDE THE CM'S ESTIMATE OF THE TIME REQUIRED TO PERFORM SAID CHANGES OR ADDITIONAL WORK.

OWNER DIRECTED CHANGES TO THE WORK REQUIRING AN INCREASE IN GMP. IF THE CHANGE IN OR ADDITION TO THE WORK WILL RESULT IN AN INCREASE IN THE GUARANTEED MAXIMUM PRICE, THE OWNER SHALL HAVE THE RIGHT TO REQUIRE THE PERFORMANCE THEREOF ON A LUMP SUM BASIS, A UNIT PRICE BASIS OR A TIME AND MATERIAL BASIS, ALL AS HEREINAFTER MORE PARTICULARLY DESCRIBED (THE RIGHT OF THE OWNER AS AFORESAID SHALL APPLY WITH RESPECT TO EACH SUCH CHANGE IN THE WORK). 5.2.1.1 IF THE OWNER ELECTS TO HAVE THE CHANGE IN THE WORK PERFORMED ON A LUMP SUM BASIS, ITS ELECTION SHALL BE BASED ON A LUMP SUM PROPOSAL WHICH SHALL BE SUBMITTED BY THE CM TO THE OWNER WITHIN TEN (10) DAYS OF THE CM'S RECEIPT OF A REQUEST ▇▇▇▇▇▇▇▇ THEREFOR (BUT THE OWNER'S REQUEST FOR A LUMP SUM PROPOSAL SHALL NOT BE DEEMED AN ELECTION BY THE OWNER TO HAVE THE CHANGE IN THE WORK PERFORMED ON A LUMP SUM BASIS). THE CM'S PROPOSAL SHALL BE ITEMIZED AND SEGREGATED BY LABOR AND MATERIALS FOR THE VARIOUS COMPONENTS OF THE CHANGE IN OR ADDITION TO THE WORK (NO AGGREGATE LABOR TOTAL WILL BE ACCEPTABLE) AND SHALL BE ACCOMPANIED BY SIGNED PROPOSALS OF ANY CONTRACTORS WHO WILL PERFORM ANY PORTION OF THE CHANGE IN, OR ADDITION TO, THE WORK AND OF ANY PERSONS WHO WILL FURNISH MATERIALS OR EQUIPMENT FOR INCORPORATION THEREIN. THE PROPOSAL SHALL ALSO INCLUDE THE CM'S ESTIMATE OF THE TIME REQUIRED TO PERFORM SAID CHANGES OR ADDITIONAL WORK.