A131/CMC Standard Agreement Between Owner & Construction Manager, Cost Plus Fee, No Cost Guarantee, 1994

A131/CMC standard agreement between owner & construction manager where the construction manager is also the constructor and where the basis of payment is cost of work plus a fee, and there is no guarantee of cost. A131/CMc uses a control estimate to determine the cost of the work and employs the cost plus a fee method, wherein the owner can monitor cost through periodic review of the control estimate, which is revised as the project proceeds, 1994.

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