Common use of Target GMP Clause in Contracts

Target GMP. The Department has established a budget for the Project as set forth in the Information Section of this Agreement (such budget, the “Target GMP”). Such Target GMP includes any and all amounts which may be due to the Design-Builder pursuant to this Agreement, and in no event shall the Design-Builder be entitled to recover more than the Target GMP unless the Design- Builder is authorized to exceed the Target GMP by the Department in advance and in writing.

Target GMP. The Department has established a budget for the Project as set forth in the Information Section of this Agreement (such budget, the “Target GMP”). Such Target GMP includes any and all amounts which may be due to the Design-Builder pursuant to this Agreement, and in no event shall the Design-Builder be entitled to recover more than the Target GMP unless the Design- Design-Builder is authorized to exceed the Target GMP by the Department in advance and in writing.