AG 2005 12 19 - Laserfiche WebLink

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B. CaD on Construction Manal!ement Fee and General Conditions. In no event shall the total Construction Management Fee proposed, when added to the General Condition costs reimbursement for each Phase, exceed 15.52 (15.52%) percent of the labor, material and equipment to be paid to third party subcontractors for the construction of the Project. C. general Condition Costs. Using the categories of Project Cost Elements shown upon Exhibit 1, incorporated herein by reference, the CM shall be reimbursed for its General Condition costs as are agreed to by the Owner and as are shown upon the General Condition Cost Reimbursement document submitted as a part of the proposed Guaranteed Maximum Price for each Phase of the Work, subject to the limitation contained in Article 8B immediately above. The proposed General Condition costs submitted with the proposed Guaranteed Maximum Price for each Phase shall contain line item categories with an estimated dollar amount of the costs for each such category in accordance with the categories set forth on the Project Cost Elements attached as Exhibit 1. Expenditures in excess of category totals may be made only after the CM has certified to the Owner that identified funds in other categories are in excess of actual needs. General Condition costs will be reimbursed without any Construction Management Fee. To the extent that the estimated General Condition costs actually reimbursed are less than the total of all line item categories, a credit will be given to the Owner. D. Chanl!e Orders Aft'ectinl! Guaranteed Maximum Price: General Condition Costs: Time Extension. Requested change orders to the Work of the Project will be reviewed on an individual change order basis. The Architect shall determine whether it is the Owner who has made the request for change. In those instances in which the Architect determines that the change is an Owner-requested one, then and in such event the Architect shall determine the extent to which, if any, the change reasonably causes an increase in the General Condition cost and/or an extension of the contract completion date. Absent extraordinary circumstances, the Construction Manager at Risk should not expect that any change order other than those requested by the Owner will allow for an increase of the General Condition cost. E, Retainal!e on Construction Manal!er at Risk Fee. Owner shall withhold five (5%) percent of the Construction Manager at Risk Fee asretainage to be paid to the Construction Manager no later than seven (7) days following the date of the close-out for each Phase, F. Pavments to Subcontractors. The Owner shall pay/reimburse the Construction Manager at Risk for payments made to subcontractors in accordance with the requirements of the subcontracts. And except as provided in the Contract Documents, the Owner shall not pay nor reimburse the CM for any additional costs or expenses incurred in performance of the subcontractors under the Contract Documents. G. Financial Manal!ement. The Construction Manager at Risk shall keep full and detailed accounts and exercise such controls as may be necessary for proper financial management under the Contract Documents; the accounting and control systems shall be satisfactory to the Owner. The Owner and Owner's accountants shall be afforded access to the Construction Manager at Risk's EE:00049951. -14- F~.4.