The GMP. 4.1.1 The City shall pay, and the Construction Manager shall accept, as full and complete payment for all of the Work required during the Construction Phase, the fixed sum stated in the accepted Guaranteed Maximum Price Proposal. That sum shall constitute the Contract Price which shall not be increased except by written Change Order as provided in the Contract, or the award of an early completion bonus. Should the total cost of the Work be less than the GMP, the contract price shall be reduced accordingly without reduction in the early completion bonus.
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The GMP. 4.1.1 The City shall pay, and the Construction Manager ▇▇▇▇ shall accept, as full and complete payment for all of the Work required during the Construction Phase, the fixed sum stated in the accepted Guaranteed Maximum Price Proposal. That sum shall constitute the Contract Price which shall not be increased except by written Change Order as provided in the Contract, or the award of an early completion bonus. Should the total cost of the Work be less than the GMP, the contract price shall be reduced accordingly without reduction in the early completion bonus.
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