GMP Proposal definition
GMP Proposal means the proposal submitted by CM@Risk that sets forth its Guaranteed Maximum Price and all assumptions and/or clarifications concerning the Contract Documents and Project upon which the GMP is based.
GMP Proposal means a proposal for completing the Project, which proposal shall include the proposed Guaranteed Maximum Price for the construction of the Project, as provided by the Construction Manager and accepted by the City based upon the Drawings and Specifications; the Contract Documents; and the Memorandum of Changes. The City has no obligation to accept the GMP Proposal regardless of the amount or its relationship to estimates provided.
GMP Proposal as used herein means a proposal for completing a Project in the form attached as Exhibit “C” attached hereto, which Proposal shall include the proposed guaranteed maximum price for the construction of such Project based upon the Drawings, Specifications, and other Contract Documents.
Examples of GMP Proposal in a sentence
This Guaranteed Maximum Price is for the performance of the Work on the Project in accordance with the Contract Documents listed and attached to this Amendment and marked Exhibits A-1 through A-3 as follows: Exhibit A-1: GMP Proposal dated as attached hereto, and all contract documents identified therein.
In exchange for the ▇▇▇▇’▇ full, timely, and acceptable performance and construction of the Work under this Contract, and subject to all of the terms of this Contract, the CITY will pay the ▇▇▇▇ the “Contract Price” agreed to by the CITY as set forth in the accepted Guaranteed Maximum Price (GMP) Proposal.
If modifications are accepted in writing by the Construction Manager, the GMP Proposal shall be deemed accepted in accordance with 3.5.8.
The Project Schedule, approved as part of the GMP Proposal and incorporated herein as part of the Contract Documents, shall be updated and maintained throughout the ▇▇▇▇’▇ performance under this Contract in accordance with Article 3.2.
More Definitions of GMP Proposal
GMP Proposal means the proposal submitted by CMGC during the Preconstruction Phase which includes the GMP for the Construction Phase Services.
GMP Proposal shall have the meaning set forth in Section 5.9.6.
GMP Proposal means that proposal developed by Design-Builder in accordance with Section 6.6 of the Agreement Between Owner and Design-Builder – Cost Plus Fee With an Option for a Guaranteed Maximum Price.
GMP Proposal means that proposal developed by Design-Builder in accordance with Section 2.3 of DBIA Document No. 545, Progressive Design-Build Agreement for Water and Wastewater Projects (2016 Edition).
GMP Proposal means a proposal submitted by Construction Manager to the Town in accordance with Article 9 of the Pre-Construction Services Agreement.
GMP Proposal means a proposal for completing the Construction Work, which will be submitted based ninety percent (90%) Construction Documents and Specifications for the Project. Such proposal shall include the GMP for the construction of the Project once it has been accepted by the City based upon the Drawings and Specifications, the Contract Documents and Memorandum of Changes. However, the City has no obligation to accept the GMP Proposal. Inspector means an employee of the CITY of Hallandale Beach, Florida, assigned by the Director to make observations of work performed by a Contractor. Materials means Materials incorporated in this Project, or used or consumed in the performance of the Work. Project Schedule means the Schedule prepared by the Construction Manager and approved by the City and a scheduling consultant retained by the City, using a critical path method, as updated Memorandum of Changes means the notification provided to the City and the Consultant by the Construction Manager at the times specified in this Agreement that recommends changes based on the Value Engineering and Constructability reviews. Notice to Proceed means written notice or directive issued by the Director or City’s Project Manager acknowledging that all conditions precedent have been met and directing that the Construction Manager may commence work on the Project or a specific task of the Project. Pre-Construction Fee means the fixed lump sum fee payable to the Construction Manager for the Work performed during the Pre-Construction Phase related to the Project, accepted by the City and the Construction Manager, which fee includes all direct and indirect costs incurred by the Construction Manager in the proper performance of the design, bid and award services. Pre-Construction Phase Services means the services the Construction Manager shall perform for the design phase of the Agreement and culminates with the exercise by City of one of the City’s options regarding the GMP proposal. Pre-Construction Work means all work required by this Agreement during the Pre-Construction Phase of the Project. Professional Services means those services within the scope of the practice of architecture, professional engineering, landscape architecture, or registered surveying and mapping, as applicable, as defined by the laws of the State of Florida, or those performed by any architect, professional engineer, landscape architect, or registered surveyor or mapper in connection with his or her professions e...
GMP Proposal means the written offer from CMR to GLO which includes, among other things, a proposed GMP.