AGREEMENT between BROWARD COUNTY and Cummings ...

DIVISION 1 SPECIFICATIONS
SECTION 01255 CPEAM PROCEDURES
Exhibit 2
Page 244 of 379
(including final CPEAM documents necessary for the calculation of
shared savings). Contractor shall utilize Contract Administrator's
standardized CPEAM forms. Customization of the Contract
Administrator's standardized CPEAM forms may be allowed with the
Contract Administrator's prior written authorization if necessary to
accurately portray unique project conditions.
2. When CPM, Consultant and Contract Administrator's staff have reviewed
and conceptually approved the Contractor's proposal (Document
01260A), the Contractor shall prepare a draft Contract Price Element
Adjustment Memorandum (CPEAM) for the Contract Administrator's
consideration.
3. Contractor shall submit draft CPEAM's to the CPM and Consultant for
review and signature. Once signed by CPM, the CONTRACTOR shall
convene a meeting with the Contract Administrator to review the draft
CPEAM. That meeting shall include the Consultant, Contractor, Contract
Administrator and CPM, the County's Project Manager and members of
the Contract Administrator's administrative staff. Contractor shall provide
final CPEAM's reflecting the outcome of the review and approval meeting
for the Contract Administrator’s signature with appropriate backup to
illustrate the transactions delineated on the CPEAM.
4. Changes to the Contract Price Elements or CPEAM's which are critically
needed to facilitate the continuing progress of the Work should be so
identified on the submitted Document 01260B, Change Order Request
(Proposal). The CA may issue Document 01260E: Construction Change
Directive, directing the CONTRACTOR to proceed with Work related to a
critically required CPEAM.
1.04 EXECUTION OF CPEAM's
CONTRACTOR shall prepare CPEAM forms and obtain Contract Administrator's
signature through the CPM. CPEAM's shall not be considered in effect until
signed by the Contract Administrator.
1.05 CORRELATION OF CONTRACTOR SUBMITTALS
A. Promptly revise Schedule of Values and Application for Payment forms to record
each authorized CPEAM.
B. Promptly revise progress schedules to reflect any change in Contract Time,
revise subschedules to adjust times for other items of work affected by the
CPEAM, and resubmit.
C. Promptly enter changes in Project As-Built Documents.
Section 01255 CPEAM Procedures Page 39