1. Provide Performance, Material, and Labor Payment Bonds in the amount of 100% of the GMP. 2. Individual Trade Contracts will be between the CM/C and the Trade Contractors, subject to PCSD approval. 3. The CM/C will not perform any portion of the project with its own forces except as may be mutually agreed to by PCSD and the CM/C. 4. The CM/C will be "at risk” in the proposed undertaking and will be responsible for completing the project within the GMP. 5. Should the final cost of the project be less than the GMP, all savings shall belong to PCSD. 6. Pay applications shall be held in retention through such time that construction is complete, and PCSD has taken delivery of the facility. 7. PCSD shall have the authority to suspend or terminate performance of the project at any time.
