Sec. 1. After the public agency has selected an offeror to be the CMc, the public agency and that offeror may negotiate the final terms and conditions of the contract for CMc services for the project. As added by P.L.128-2014, SEC.1.
Sec. 2. (a) Subject to this article, the CMc contract must require the CMc to provide payment and performance bonds in an amount not less than the estimated construction costs of the project or the GMP, as provided by the RFP. (b) Construction may not be performed until the CMc has provided the bonds for […]
Sec. 3. A CMc contract must describe the details of any adjustment of compensation or other incentives negotiated between the public agency and the CMc. As added by P.L.128-2014, SEC.1.
Sec. 4. A CMc contract may describe whether the CMc and the public agency agree to any cost overrun or delay damages or early completion incentives. As added by P.L.128-2014, SEC.1.
Sec. 5. Changes in the contract for CMc services may be made as provided in the CMc contract. As added by P.L.128-2014, SEC.1.
Sec. 6. A public agency or CMc may terminate the CMc contract before the GMP has been determined, if the RFP provides for a GMP. As added by P.L.128-2014, SEC.1.
Sec. 7. (a) If any of the following occur, the public agency may proceed as described in subsection (b): (1) The CMc contract is terminated under section 6 of this chapter. (2) The public agency and the selected offeror are unable to reach agreement on a CMc contract. (3) The selected offeror does not provide […]
Sec. 8. A CMc contract may describe if and when the GMP will be determined. If a GMP is established, the contract must describe all clarifications and assumptions on which the GMP is based. As added by P.L.128-2014, SEC.1.
