Changes in Project Costs Clause Samples

POPULAR SAMPLE Copied 1 times
Changes in Project Costs. The City shall not change or in any manner cause or seek a change in Project Costs except as follows: (i) Any increase in the Project Costs relating to one item that exceeds $20,000 or, in the aggregate, any increases in Project Costs caused by two or more items that exceeds $50,000, shall be considered for approval by the Authority or Authority Representative within five (5) Business Days and if not disapproved in writing by the end of such period shall be deemed as approved, and such approval shall not be unreasonably withheld. The Authority's approval of any increase in the Project Cost shall not increase the Authority's financial obligation to the Project beyond the Authority Contribution in any manner. (ii) In the event that the Authority and City are unable to reach agreement on the inclusion of an increase in the Project Costs, the matter shall be submitted to expedited Alternative Dispute Resolution ("Expedited ADR") in accordance with Article XII of this Agreement.
View Source
Changes in Project Costs. Any increase in the Project Costs because of a change in Project Scope provided by Section 4.2 shall not increase the Authority’s financial obligation beyond the Authority Contribution in any manner.
View SourceView Similar (2)
Changes in Project Costs. Any change in the Project Costs that receives the applicable approval or approvals required by Section 4.1(b) or is resolved in favor of inclusion pursuant to Article XII relating to Expedited ADR hereof shall constitute a Project Cost and shall be eligible for payment from amounts held in the Construction Trust Account in accordance with the terms of the Construction Trust Account Agreement; provided, however, that any such change in the Project Costs shall not increase the amount of the Authority Contribution.
View SourceView Similar (2)
Changes in Project Costs. CDOT and the Local Agency Partner will assess at the Final Office Review (FOR) the project budget to be contracted. Changes to the Project may trigger a revision to Exhibit A as well as the project Contribution. On a CDOT administered project, any cost increase discovered after the FOR will be the responsibility of CDOT, with the exception of the addition of a “Betterment”, which will be at the request and the responsibility of the Local Agency. A betterment (Betterment) is defined as any substantive project change suggested by the Local Agency subsequent to the FOR. The determination of whether the change is minor or substantive shall be at the discretion of the CDOT Project Manager. Any Project cost increase subsequent to the FOR, that is not a result of a Betterment, shall be unilaterally administered by the State without amending this agreement. At any time during the project, any cost savings, regardless of who is administering the project, or when the cost savings occur, may be prorated as determined by CDOT.
View Source
Changes in Project Costs. City shall not change or in any manner cause or seek a change in Project Costs except as follows: (i) Any increase in the Project Costs relating to one item that exceeds $20,000 or, in the aggregate any increases in Project Costs caused by two or more items that exceeds $50,000, shall be considered for approval by the TSA or TSA Representative within five
View Source

Related to Changes in Project Costs

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Project Budget A Project Budget shall be prepared and maintained by Grantee. The Project Budget shall detail all costs for which the Grant will be used during the Term. The Project Budget must be approved in writing by the Project Monitor. Grantee shall carry out the Project and shall incur costs and make disbursements of funds provided hereunder by the Sponsor only in conformity with the Project Budget. The current approved Project Budget is contained in Attachment “C”. Said Project Budget may be revised from time to time, but no Project Budget or revision thereof shall be effective unless and until the same is approved in writing by Project Monitor. The funds granted under this Grant Contract cannot be used to supplant (replace) other existing funds.

  • Construction Cost Budget The total cost to District of all elements of the Project designed or specified by the Architect, as adjusted at the end of each design phase in accordance with this Agreement. The Construction Cost Budget does not include the compensation of the Architect and the Architect’s Consultants, the cost of land, rights-of-way, financing or other costs which are the responsibility of the District, including construction management.

  • Project Cost Overruns In the event that the Recipient determines that the moneys granted pursuant to Section II hereof, together with the Local Subdivision Contribution, are insufficient to pay in full the costs of the Project, the Recipient may make a request for supplemental assistance to its District Committee. The Recipient must demonstrate that such funding is necessary for the completion of the Project and the cost overrun was the result of circumstances beyond the Recipient's control, that it could not have been avoided with the exercise of due care, and that such circumstances could not have been anticipated at the time of the Recipient's initial application. Should the District Committee approve such request the action shall be recorded in the District Committee's official meeting minutes and provided to the OPWC Director for the execution of an amendment to this Agreement.

  • Construction Budget The total amount of funds indicated by the District for the entire Project plus all other costs, including design, construction, administration, and financing.