N.J. Admin. Code § 19:36-8.2
Current through Register Vol. 56, No. 12, June 17, 2024
If a design-build contract is procured as a GMP contract, the design-builder shall be responsible for cost overruns in excess of the GMP, as properly adjusted, pursuant to the terms of the design-build contract. If the design-builder's cost of work and fee are less than the GMP as properly adjusted, the cost savings shall accrue to the Authority, but may be shared by the design-builder and the Authority in accordance with the terms of the design-build contract.
N.J. Admin. Code § 19:36-8.2
See: 44 N.J.R. 1318(a), 45 N.J.R. 752(a).
Substituted "If a design-build contract is procured as a GMP contract, the" for "The" and inserted "accrue to the Authority, but may".