Agenda - 01-15-2008-4y1 - Laserfiche WebLink

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[Not Used.] 3.6.5 Proiect and Construction Budget Revision In the event the CM and the Owner concur the Guaranteed Maximum Price is likely to be exceeded because of any of the grounds upon which the CM has the right to seek an adjustment to the Purchase Price as provided in the Agreement of Purchase and Sale (Library Building) and or the Agreement of Purchase and Sale (Office Building), or the Owner's Interior Upfit Allowance is exceeded, the CM shall make recommendations to the Owner concerning design changes that may result in revisions to the Project and Construction Budget and divisions of the Work required for the Project. 3.6.6 Value Engineering Studies In the event the CM and the Owner concur the Guaranteed Maximum Price is likely to be exceeded because of any of the grounds upon which the CM has the right to seek an adjustment to the Purchase Price as provided in the Agreement of Purchase and Sale (Library Building) and or the Agreement of Purchase and Sale (Office Building), or because the Owner's Interior Upfit Allowance is exceeded, the CM shall provide value engineering recommendations to the Owner and Designer for major construction components, including cost evaluations of alternative materials and systems. 3.6.7 Estimates for Addenda Prior to bidding, the CM shall notify the Owner and the Designer if any addendum issued by the Designer could impact the Cost of the Work of the Project, and will prepare an estimate of costs for all such addenda and shall submit the estimates to the Owner for approval. After approval by the Owner, addenda shall be transmitted to bidders by the CM. Once bids are received and contracts are awarded to each Contractor, any addenda issued by the Designer which affects a Contractor shall be processed through the change order provisions in the Agreement. 3.6.8 Analyzing Bids: Upon receipt of bids, the CM shall evaluate the bids, including alternate prices and unit prices, and before award of any construction contract shall provide the Owner and the Designer with a report summarizing the bids. The CM shall, in participation with the Contractors, determine a Schedule of Values for each of the construction contracts or, if the entirety of the Work is to be performed by a single prime, a consolidated schedule of values. The Schedule of Values shall be the basis for the allocation of the Construction Contract price to the activities shown on the Contractor's Construction Schedule. 3.6.10 Allocation of Costs to Contractor's Construction Schedule [Not used] 3.6.11 Change Order Control The CM shall establish and implement a change order control system. 3.6.11.1 All proposed Owner-initiated change orders shall first be described in detail in writing by the Owner, or the Designer if so requested by the Owner, and forwarded to the CM. The CM shall then forward a request for proposal to the appropriate Contractor (or Contractors), accompanied by technical Drawings and Specifications prepared by the Designer. fn response to the request for a proposal, the Contractor shall submit to the GM for evaluation detailed information concerning the costs and time adjustments, if any, necessary to perform the proposed change order work. The CM shall review the Contractor's proposal, shall discuss the proposed change order with the Contractor and determine the Contractor's basis for the cost and time to perform the Work and, as applicable, the effect, if any, on the Guaranteed Maximum Price. The CM shall present its findings to the Owner and Designer. Following Owner acceptance, the Designer shall prepare the change order documents for signature by the GM and Owner. Upon execution of the change order documents between the CM and Owner, the CM shall prepare change order documents for signature by the affected Contractor(s). The CM shall verify that any adjustment of time required by approved change orders has been incorporated into the Contractor's Construction Schedule. 3.6.11.2 The GM shall review the contents of all Contractor- requested changes to the Contract Time or Contractor's Contract Price, determine whether an adjustment to the Guaranteed Maximum Price or the Master Schedule is warranted under the Contract Documents, and determine the 3.6.9 Schedule of Values (Each Contract) amount or length, if any, of the allowable adjustment to the Guaranteed Maximum Price and the Master Schedule. If the 7