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in writing and specifically accepted by the City. In the event of a conflict between any <br />term of the GMP Proposal that was not clearly and conspicuously identified and approved <br />by the City and the terms of this Agreement and its attachments, the terms of the <br />Agreement and its attachments shall control. <br />The DB shall be entitled to an equitable adjustment of the GMP if it is required to pay or <br />bear the burden of any new federal, state, or local tax, or any rate increase of an existing <br />tax, except taxes on income, adopted through statute, court decision, written ruling, or <br />regulation taking effect after acceptance of the GMP Proposal. This equitable adjustment <br />does not apply to tax increases borne solely by subcontractors or suppliers. <br />8. The Parties may agree to convert the GMP to a lump sum contract amount at any time <br />after the DB has received bids or proposals from trade contractors or subcontractors and <br />suppliers for the performance of all major elements of the Work. In proposing a lump <br />sum amount, the DB shall consider the buyout savings and the trade package contracts <br />that have not been finalized. In preparing a lump sum conversion proposal, the General <br />Contractor must provide the following information: <br />a. The stage of completion of the Project; <br />b. The trade packages that have been completely bought out; <br />c. The trade packages remaining that have not been bought out; <br />d. A complete line item breakdown of the calculations used to establish a lump sum <br />amount based on the GMP Schedule of Values; <br />e. An accounting of all savings amounts that are to be returned to the City as part of the <br />lump sum calculation; and <br />f Any other Project information requested by the City. <br />271Page <br />