GMP Template 011421(072121).docx

The document is an amendment to an existing agreement between the Town of Queen Creek (Owner) and a Contractor (CMAR) for a specific project. The purpose of the amendment is to adjust the Contract Amount in accordance with a Guaranteed Maximum Price (GMP #1) for construction. The agreement includes the adoption of certain Exhibits related to the work to be done, such as the Guaranteed Maximum Price for the work, Project Specific Conditions, and Project Plans and Specifications. The total contract amount to date is outlined, along with details on the GMP phases and the specific amendments being made. The Owner accepts the amendment and authorizes the work for the project. The document is signed by the Town Manager, Town Clerk, and Town Attorneys.