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Bill Morley (Unregistered Guest)
Unregistered guest
Posted on Tuesday, January 12, 2016 - 12:39 pm:   Edit PostDelete PostPrint Post

When Owner/Contractor agreement is Cost of Work plus Fee GMP, would it be appropriate to specify the use of typical G702 progress payment form?
Bill Morley
New member
Username: bill_morley

Post Number: 1
Registered: 01-2016
Posted on Monday, January 18, 2016 - 11:15 am:   Edit PostDelete PostPrint Post

Also, is it appropriate to include in the Payment Procedures section a List of Values - in the context of Cost Plus / GMP?
George A. Everding, FCSI, CCS, CCCA, AIA
Senior Member
Username: geverding

Post Number: 821
Registered: 11-2004

Posted on Monday, January 18, 2016 - 05:20 pm:   Edit PostDelete PostPrint Post

If you are using A1332009, "Standard Form of Agreement Between Owner and Construction Manager as Constructor where the basis of payment is the Cost of the Work Plus a Fee with a Guaranteed Maximum Price". Refer to CM's responsibilities. Note that owners often have their own forms.

If CM organization is on board early, they can assist a/e and owner with determination of appropriate forms and procedures.

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