500.1
(Updated 2017)
Purchase Options
This amendment to be used in conjunction with ConsensusDocs 500 Agreement and General Conditions Between Owner and Construction Manager (Where the CM is At-Risk), to set the Guaranteed Maximum Price (GMP) for a construction management at risk when the Owner and Construction Manager mutually agree on a GMP amount. This amendment document allows for exhibits to be included that address issues such as specifications, allowance items, assumptions and clarifications, alternate prices, and unit prices.
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