Bid Procedure as to Allowance and Fitout (including Clause Samples

Bid Procedure as to Allowance and Fitout (including any Tenant Contribution). Within thirty (30) days after receipt of the final completed Plans and Specifications, Landlord will procure a bid from Landlord’s Contractor, which shall reflect any value engineering or potential costs savings recommended by Landlord’s Contractor, to be reviewed by Landlord and Tenant with respect to performance of that portion of the Landlord’s Work referred to as the Fitout Cost. The bid submitted by Landlord’s Contractor shall be based upon the estimated cost of the Landlord’s Work plus reasonable overhead and profit based on industry standards for the project size and scope. Landlord will provide Tenant a true and correct copy of Landlord’s Contractor’s detailed list of the cost of Landlord’s Work. Once the final plans and specifications have been agreed to and any applicable bids received, Landlord will prepare a final Fitout Cost for approval by Tenant. Once approved, such Fitout Cost shall govern the obligation of the parties as to Allowance and Tenant Contribution, subject to Change Orders as set forth below or as required by the Lease. The Parties acknowledge that time is of the essence for this project. As such, there may be some major scopes of work that, for time’s sake, requires early selection of qualified and fair contractors without competitively bidding the scope. This may be done by mutual agreement.
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Related to Bid Procedure as to Allowance and Fitout (including

  • Please see the current Washtenaw Community College catalog for up-to-date program requirements Conditions & Requirements

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