AG 2005 12 19 - Laserfiche WebLink

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forth in an Amendment to this Contract. The Guaranteed Maximum Price for each Phase shall be subject to additions and deductions by a change in the Work as provided in the Contract Documents, provided, however, that the Guaranteed Maximum Price for each Phase shall not be increased by or because of an increase in the cost of materials, labor or equipment. The date of Substantial Completion for each Phase shall be subject to adjustment as provided in the Contract Documents. K. Revisions ofDrawin2s. The Owner shall authorize and cause the Architect to revise the Drawings and Specifications to the extent necessary to reflect the agreed-upon assumptions and clarifications contained in each Amendment, Such revised Drawings and Specifications shall be furnished to the CM in accordance with schedules agreed to by the Owner, Architect and CM. The CM shall promptly notifY the Architect and Owner if any such revised Drawings and Specifications are inconsistent with the agreed upon assumptions and clarifications. L. Taxes Related to Guaranteed Maximum Price. (1) 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 by law. (3) Accounting procedures for refunds are set forth in the General Conditions. M, Meetiu2s Durio2 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. EE:00049951. -12- !","'h .J /.. .Ii '--'f