Developer’s Agreement for Tenant Build Out in Mixed Use Project

We represented a real estate developer to negotiate an AIA Document A102–2017, Standard Form of Agreement Between Owner and Contractor where the basis of payment is the Cost of the Work Plus a Fee with a Guaranteed Maximum Price, with a GMP of about $2.5 million for a tenant office build-out in a prominent, multi-story mixed-use development in a major metropolitan area, with a liquidated-damages clause to ensure timely completion for handover to our client’s tenant by a lease-imposed deadline.