CONSTRUCTION MANAGEMENT AGREEMENT 
                    
                    
                                                                 BY AND BETWEEN  
                    
                    
                                                           NYU HOSPITALS CENTER 
                                                                               
                                                                       - OWNER - 
                                                                               
                                                                               
                                                                           AND 
                                                                               
                                                                               
                                                               ____________________ 
                                                                               
                                                       -  CONSTRUCTION MANAGER  - 
                                                                               
                                                                               
                                                                        ------------- 
                                                                               
                                                                               
                                                                               
                                                                       PROJECT 
                                                                               
                                                            ________________________ 
                                                                               
                                                                               
                    
                                                                     DATED AS OF 
                    
                                                                   _______________ 
                                                                               
                                                                               
                    
                    
                     
                     
                     
                                                                          CONTENTS 
                     
                     
                        ARTICLE                                             CAPTION                                                        PAGE 
                     
                             I                   CONTRACT DOCUMENTS ....................................................................  1 
                             II                  SCOPE OF THE WORK ...........................................................................  2 
                             III                 CONSTRUCTION MANAGER’S STATUS AND DUTIES ...................  2 
                             IV                  OWNER'S RESPONSIBILITIES ............................................................  17 
                             V                   TIME REQUIREMENTS AND DELAY ................................................  18 
                             VI                  PRECONSTRUCTION FEE  ..................................................................  20 
                             VII                 COSTS OF THE WORK  ........................................................................  20 
                             VIII                COSTS NOT TO BE REIMBURSED .....................................................  22 
                             IX                  CONSTRUCTION FEE  ..........................................................................  23 
                             X                   CHANGES IN THE WORK AND CHANGE ORDERS .......................  23 
                             XI                  PAYMENTS ............................................................................................  27 
                             XII                 INSURANCE ...........................................................................................  32 
                             XIII                LIENS AND OTHER ENCUMBRANCES ............................................  37 
                             XIV                 PROCEEDING WITH THE WORK ........................................................ 37  
                             XV                  NOTICE OF CLAIM ................................................................................ 37  
                             XVI                 CORRECTION AND REMOVAL OF WORK ......................................  39 
                             XVII                WARRANTY ..........................................................................................  39 
                             XVIII               TERMINATION ....................................................................................... 39  
                             XIX                 ASSIGNMENTS ......................................................................................  41 
                             XX                  ENTIRE AGREEMENT ........................................................................... 42  
                             XXI                 BOOKS AND RECORDS .......................................................................  42 
                             XXII                INDEMNIFICATION ..............................................................................  43 
                             XXIII               ADDITIONAL PROVISIONS ................................................................  44 
                              
                                                                                   
                                                                                   
                                                                                  i 
                     
                                                    EXHIBITS 
               
               
               
           EXHIBIT A -     PROJECT DESCRIPTION 
            
           EXHIBIT B -     PRELIMINARY LIST OF GENERAL CONDITIONS WORK ITEMS 
            
           EXHIBIT C -     LIST OF CONSTRUCTION MANAGER’S PROJECT PERSONNEL 
            
           EXHIBIT D -     STANDARD SUBCONTRACT FORMS   
            
           EXHIBIT E -     FORM OF GMP/SCHEDULE AMENDMENT 
            
           EXHIBIT F -     FINAL PAYMENT CERTIFICATE, RELEASE AND LIEN WAIVER FORMS  
            
           EXHIBIT G -     OWNER’S WORK POLICIES AND PROCEDURES  
            
           EXHIBIT H -     OWNER'S STATEMENT OF POLICY REGARDING REIMBURSEMENT OF 
                           COSTS UNDER COST REIMBURSABLE CONSTRUCTION CONTRACTS 
            
           EXHIBIT I  -    FEMA ADDENDUM #1 - CONSTRUCTION  
            
           EXHIBIT J  -    FORM OF PAYMENT AND PERFORMANCE BONDS  
               
               
               
               
                                                    DEFINITIONS 
               
               
                   Term                                        Provision 
               
              Allowance                                        3.3(d)(i) 
              Architect                                        Recital 
              Change Order                                     10.4 
              Construction Fee                                 9.1, GMP/Schedule Amendment 
              Construction Manager                             Preamble 
              Construction Schedule                            3.3(a), GMP/Schedule Amendment  
              Contingency                                      3.3(e), 7.2.2, GMP/Schedule Amendment 
              Contract Documents                               1.1 
              Contract Time                                    5.1 
              Costs of the Work                                7.1 
              Direct Personnel Expense                         7.2.1(b)(ii) 
              FEMA Addendum #1 - Contracting                   23.18, Exhibit I 
              Final List of General Conditions Work Items      3.4 
              Final Payment Certificate and Release and  
                     Lien Waiver                               11.1.8, Exhibit F 
              General Conditions Amount                        7.2.1(b) 
              General Conditions Work                          3.4 
              Guaranteed Maximum Price (GMP)                   3.3(a), 3.7, GMP/Schedule Amendment 
              GMP/Schedule Amendment                           3.3(k) 
              GMP/Schedule Submission                          3.3(a) 
              Hold                                             3.3(d)(ii) 
              Indemnified Parties                              22.1 
              Insurance Specifications                         12.6 
              Medical Center                                   Recital 
              OCIP                                             12.3.6 
              Owner                                            Preamble 
              Owner’s Work                                     5.3 
              Owner’s Work Policies and Procedures             3.8(hh), Exhibit G 
              Preconstruction Fee                              Article 6 
              Preliminary List of General Conditions 
                   Work Items                                  3.4 
              Project                                          Recital, 2.1, Exhibit A 
              Punch Lists                                      3.8(w) 
              Punch List Work                                  5.2(c) 
              Requisition                                      11.1.1 
              Senior Staff                                     3.12.1 
              Site                                             Recital 
              Site Labor                                       3.4 
              Statement of Policy                              Article 1, Exhibit H 
              Subcontract                                      3.4(a)