Prepared by:Arch. /EnP. RSGabitan
Do not mention contractor in the specs. As much as possible, do not start with a verb and avoid starting with phrases
Explanation
Project Construction Cost, as referred, means the cost of the completed structure to the Owner including plumbing and electrical fixtures, mechanical equipment, elevators, escalators, air-conditioning system, automatic fire-sprinkler system, alarm and clock system, communications and electronic system, elements attached to the building and all items indicated in the drawings designed y or specified by the Architect and his consultant. Other items, if designed and planned by the Architect, such as movable pieces of furniture, cabinets, covered walks, grottos, pools, landscaping and other items of similar nature are to be paid for separately by the Owner to the Architect. (Refer to UAP Doc 401: Owner-Architect Agreement)
Fixed Price Incentive - the owner will pay the CM a fixed fee which is adjusted according to the difference between the final allowable costs and the target costs. Price adjustment provision - the contract price is adjusted upward or downward in accordance with a pre-arranged formula. Cost plus fixed fee - the owner will pay the CM a fixed fee plus reimbursement of certain expenses incurred in the performance of basic services.