AG 2009 07 20 - Laserfiche WebLink

Home Browse Search

In arriving at the Guaranteed Maximum Price, the following taxes shall be excluded: i. Federal excise taxes for materials entering into the Work (Internal Revenue Code, Section 3442(3)) ii. Federal transportation taxes do not apply to materials entering into the Work (Internal Revenue Code, Section 3475(b), as amended). 2. The following taxes shall be included in the Cost of the Work, subject however, to the obligation on the part of those providing labor and material to the accounting procedures for the refund of County sales and use tax as is provided in the General Conditions. To the extent of the amount of the refund of County sales and use tax, the Construction Manager at Risk shall not be entitled to a Construction Management Fee: i. North Carolina sales tax and use tax, as required by law; and ii. Local option sales and use taxes, as required bylaw. 3. Accounting procedures for refunds are set forth in the General Conditions. K. Meetings During_Course of Construction -The CM shall schedule and conduct meetings at which the Owner, Architect, the CM and appropriate Subcontractors can discuss the status of the Work. The CM shall prepare and promptly distribute meeting minutes. L. Monthly Reports: Daily Logue- The CM shall provide monthly written reports to the Owner and Architect on the progress of the entire Work. The CM shall maintain a daily log containing a record of weather, Subcontractors working on the site, number of workers, Work accomplished, problems encountered and other similar relative data as the Owner may reasonably require. The log shall be available to the Owner and Architect. M. Cost Control System -The CM shall develop a system of cost control for the Work, including regular monitoring of actual cost of activities in progress and estimates for uncompleted task and proposed changes. The Construction Manager at Risk shall identify variances between actual and estimated costs and report the variances to the Owner and Architect at regular intervals. N. Contract Completion Date and Liquidated Damages -The Construction Manager at Risk shall achieve full completion of all the Work at a date to be mutually agreed upon by the Owner and CM at the time that the Guaranteed Maximum Price for the Site Work & Construction of the Satellite Office Complex (Phase I) is agreed upon. The parties agree that late delivery of full completion of the Work will cause damage to the Owner and that the measure of damages to be sustained by the Owner in the event of delayed completion of the Work is 13 F-4 Attachment number 1 Page 159 of 627