Common use of CLAIMS FOR ADDITIONAL COST Clause in Contracts

CLAIMS FOR ADDITIONAL COST. No changes to the Work, the Contract Amount, the Project schedule(s) or other terms of the Subcontract are authorized unless approved in a written Change Order signed by an authorized JEG representative. No course of dealing or course of performance between the parties shall be the basis for an increase in the Contract Amount or an extension of the Project schedule(s). In the event that Subcontractor intends to Claim any increase in the Contract Amount as a result of any alleged change by JEG to the Work, Subcontractor shall give notice in writing to JEG within seven (7) days of the basis for the Claim, or as required by the JEG Contract, whichever is more stringent, of such change. Such notice from Subcontractor shall describe with reasonable detail the nature of such change and shall set forth in detail the alleged costs incurred by Subcontractor as a result of such change and the computation of the alleged increase to the Contract Amount that Subcontractor intends to Claim. Subcontractor's failure to provide timely notice of a Claim as required under this article is a full and complete waiver of its Claim. Pending a determination of the claimed adjustment, if any, Subcontractor shall proceed with its performance of the Work as changed. JEG shall not be obligated to pay Subcontractor a greater sum than JEG may recover under the JEG Contract for such increase to the Contract Amount claimed by Subcontractor resulting from such change. JEG shall have no further liability to Subcontractor of any type or amount with respect to such change.