2018-325-E AMS - Bordeaux Construction Co. Northern Campus construction

Browse Search

DocuSign Envelope ID: 04E136D1 -507C- 4219- BF16- 446F8D2192F8 between trade Subcontractors, (3) contract default by trade Subcontractors, (4) threat of or damage due to Acts of God to the extent not otherwise covered by insurance; (5) costs of corrective Work not provided for elsewhere and (6) unforeseen field conditions and design omissions which a prudent CMAR should reasonably have detected during the discharge of the CMAR's pre - construction duties. Costs incurred for such design omissions shall come from the CMAR -GMP Contingency. Design errors which the CMAR could not have reasonably detected will be resolved on a case -by -case basis. These may be paid from the Owner contingency, but shall not be chargeable to the CMAR -GMP Contingency. 5.4. The CMAR -GMP Contingency is not allocated to any particular item of the Cost of the Work, and is established for the CMAR's use as may be required for increases in costs as noted above. It is understood that the amount of the CMAR -GMP Contingency is the maximum sum available to the CMAR to cover costs incurred as a result of such unanticipated causes or details, and that cost overruns in excess of the amount of the CMAR -GMP Contingency will be borne by the CMAR. 5.5. The CMAR -GMP Contingency may be applied to any items within the Cost of the Work without the necessity of a change order, without constituting a change in the Work, and without resulting in any change in the GMP. The CMAR will notify the Owner and Project Designer in writing of the CMAR's intent to apply any part of the CMAR -GMP Contingency to any item within the Cost of the Work prior to any such application. The CMAR shall fully document the change on its copy of the Construction Documents for inclusion in the as -built record documents required by this Contract. 5.6. Unless otherwise agreed by the Owner, and provided that the Total Construction Budget remains $24,400,000, the total CMAR -GMP Contingency for the Project shall not exceed $488,000. If the Owner changes the Total Construction Budget, the CMAR -GMP Contingency shall not exceed two percent (2.0 %), as a value line item of the sum of the Cost of the Work and the CMAR General Conditions, all as more fully defined in this Contract, as of the date when the final GMP is established and approved by the Owner, subject to modification and limitation as set forth herein. When each GMP is fixed, the CMAR -GMP Contingency for that GMP shall be converted to a lump sum. The entire CMAR Contingency shall be fixed in the final GMP, based on the Total Construction Budget at the time of the final GMP, after which the CMAR Contingency shall not be adjusted unless an amount is negotiated with Owner requested Change Orders to the Work of the Project. 5.7. The amount of the CMAR -GMP Contingency is to be reviewed by the Owner as part of its review of each GMP. The Owner retains the right to specifically request revisions to the amount of the CMAR -GMP Contingency prior to the Owner's acceptance and approval of each GMP. If, after a contingency is fixed as part of a GMP proposal, the contract prices are lower than anticipated, the CMAR and Owner agree that the CMAR -GMP Contingency shall not be reduced prior to completion of that GMP phase. In the event that the CMAR is not required to use any or all of the CMAR -GMP Contingency for a particular GMP it shall be carried forward to each subsequent GMP. After final completion of the Project, the Owner shall pay the CMAR thirty percent (30_ %) of the unused CMAR -GMP Contingency. In the event that there are any funds remaining in any special or dedicated Owner's allowance, those funds shall be retained solely by the Owner. 6. PROJECT DESIGNER'S STATUS 6.1. The Project Designer shall provide liaison and necessary inspection of the Work to ensure compliance with the Construction Documents. The Project Designer is the agent of the Owner only for the purposes and to the extent stipulated in the various Contract Documents. The Project Designer has authority to stop Work or to order Work removed, or to order corrections of faulty or non - compliant Work where such action may be necessary to assure successful completion of the Work. Page 9 of 53 Revised 10/17