AG 2002 07 22 (Regular) - Laserfiche WebLink

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B. The Guaranteed Maximum Price is subject to acl_iustment for scope chances and chan~e orders, authorized in accordance with the rec~uirements of the Contract Documents. The difference_ as of the date of final completion_ between (a~ the total a~egate sum of ~e Cost of the .Work~lus the Desi_ma/Buildefs Fee and (b) the Guaranteed Maximum Price upon final completion of the Work (such difference equals the Savings") shall be shared by the Owner and the Desi_ma/Builder as follows: seventy-five percent (75%) of~ueh Savin~ shall inure to the benefit of the Owner, and the remaining twenty-five percent (25%) shall be paid to the Design/Builder as an additional fee'. provided, however, that the Desi_ma/Builder shall not be entitled to receive any Savings until the d,te of final payment. C. The Gamranteed Maximum Price is based upon the following altemates, if any~ which are described in the Contract Documents and are hereby accepted by the Owner: D. The amount agreed to for unit prices, if any, are: E. Allowances are as follows:' Owner's data and communications equipment 2" Water Tap Fee Site Work and Grading Standard Size Face Brick (purchase only) Shelving Carpet Entry Tile Fire Line Tap Fee Water Tap Capital Recovery Fee $180~000.00 $3,500.00 $460,000.00 $250/thousand. plus tax $9,000.00 $15.00/sy. installed $10.O0/sL installed $8,000.00 $11,500.00 F. Assumptions on which the Guaranteed Maximum Price is based are as follows: See Desi_ma/Builder's Rate Summary, Exhibit B. attached and incorporated herein 13.1.1.2 COSTS TO BE REIMBURSED The term "Cost of the Work" shall mean costs necessarily incurred by the Design/Builder in the _rrroper performance of the Work. Such costs shall be at rates not higher than the standard paid-at the place of the Project except with prior consent of the Owner. The Cost Of the Work shall include only the items set forth in this paragraph 13.1.1.2. A Wages of constmetion workers directly employed by the Desi_ma/Builder to perform the constmction of the Work, including but not limited to welfare, unemployment compensation, social security and other benefits, B. Costs. including transportation, of moterials and equipment incorporated or to be incorporated in the completed construction. All discounts for cash or prompt payment shall accrue to the Owner. C. Payments made by the Desi_m~q3uilder to Subcontractors in accordance with the requirements of the subcontracts. D. Cost of all materials, tempor~_ facilities, equipment and hand tools not customarily owned by the construction workers, which are provided by the Deal_ma/Builder at the site and fully consumed in the performance of the Work E. Reasonable rental costs for neee.q-qary temporary, facilities, machinery, equipment~ and hand tools used at the site of the Work, whether rented from the Desi_mv13uilder or others. Rates shall be consistent with industry standards. F. That portion directly attributable to this Contract of premiums for insurance and bonds. G. Losses and expenses, not compensated by insurance or otherwise, sustained by the Desi_m~Builder in connection with the Worlc provided they have resulted from causes other than the fault or ne~eet of the Desi_ma/Bu/lder, H. Costs of removal of debris from the site. I. Costs incurred in taking action to prevent threatened damage, injury or loss in case of an ememencv affectin6 the safety of persons and property. - ..... W~g9163.4