Common use of Allowance Items and Allowance Values Clause in Contracts

Allowance Items and Allowance Values. 5.6.1 Any and all Allowance Items, as well as their corresponding Allowance Values, are set forth in the GMP Exhibit, which is included within the GMP. 5.6.2 Design-Builder and Owner have worked together to review the Allowance Items and Allowance Values based on design information then available to determine that the Allowance Values constitute reasonable estimates for the Allowance Items. Design-Builder and Owner will continue working closely together during the preparation of the design to develop Construction Documents consistent with the Allowance Values. Nothing herein is intended in any way to constitute a guarantee by Design-Builder that the Allowance Item in question can be performed for the Allowance Value. 5.6.3 No work shall be performed on any Allowance Item without Design-Builder first obtaining in writing advanced authorization to proceed from Owner. Owner agrees that if Design-Builder is not provided written authorization to proceed on an Allowance Item by the date set forth in the Project schedule, due to no fault of Design-Builder, Design-Builder may be entitled to an adjustment of the Contract Time(s) and Contract Sum.

Appears in 2 contracts

Sources: Design Build Contract, Design Build Contract

Allowance Items and Allowance Values. 5.6.1 6.3.1 Any and all Allowance Items, as well as their corresponding Allowance Values, are set forth in the GMP Exhibit, which is included within the GMPan Exhibit hereto. 5.6.2 6.3.2 Design-Builder and Owner have worked together to review the Allowance Items and Allowance Values based on design information then available to determine that the Allowance Values constitute reasonable estimates for the Allowance Items. Design-Design- Builder and Owner will continue working closely together during the preparation of the design to develop Construction Documents consistent with the Allowance Values. Nothing herein is intended in any way to constitute a guarantee by Design-Builder that the Allowance Item in question can be performed for the Allowance Value. 5.6.3 6.3.3 No work shall be performed on any Allowance Item without Design-Builder first obtaining in writing advanced authorization to proceed from Owner. Owner agrees that if Design-Builder is not provided written authorization to proceed on an Allowance Item by the date set forth in the Project schedule, due to no fault of Design-Builder, Design-Builder may be entitled to an adjustment of the Contract Time(s) and Contract SumPrice.

Appears in 1 contract

Sources: Standard Form of Agreement Between Owner and Design Builder