Component Change Order Clause Samples

Component Change Order. The Contract Documents for submission of proposals shall be bound into a Project Manual, including the Invitation to Propose, the RFQ, the RFP, Proposal Form(s), Contract Form, General Requirements, Supplementary General Requirements and, to the extent required, the Specifications.

Component Change Order. In the case of the initial Component Change Order, payment and performance bonds furnished by the Design-Builder in conformance with and in the form set forth in the Contract Documents designating the Design-Builder as the principal obligor and the Owner as the obligee, in an amount of the Change Order Sum covering the Work under that Component Change Order and, in the case of subsequent Component Change Orders, an endorsement to such bonds increasing the aggregate amount of the bonds to an amount equal to the aggregate of the Change Order Sums of all Component Change Orders to this Contract. See also Article 1.8.

Component Change Order. A change order authorizing the CM/GC to proceed to construct a Component pursuant to the Component Construction Documents.

Component Change Order. In the case of the initial Component Change Order, payment and performance bonds furnished by the CM/GC in conformance with and in the form set forth in the Contract Documents designating the CM/GC as the principal obligor and the Owner as the obligee, in an amount of the Change Order Sum covering the Work under that Component Change Order and, in the case of subsequent Component Change Orders, an endorsement to such bonds increasing the aggregate amount of the bonds to an amount equal to the aggregate of the Change Order Sums of all Component Change Orders to this Contract. See also Paragraph 1.8.

Component Change Order. (a) In the case of the initial Component Change Order, payment and performance bonds furnished by the CMR in conformance with and in the form set forth in the Contract Documents designating the CMR as the principal obligor and the Owner as the obligee, in an amount of the Change Order Sum covering the Work under that Component Change Order and, in the case of subsequent Component Change Orders, an endorsement to such bonds increasing the aggregate amount of the bonds to an amount equal to the aggregate of the Change Order Sums of all Component Change Orders to this Contract. If in connection with a Component Change Order, the CMR has furnished payment and performance bonds in the amount approved by the Board as the reasonably expected aggregate amount of the Change Order Sums of that and any prior Component Change Order and all subsequent Component Change Orders and covering all such Work, then upon entry of a subsequent Component Change Order, no additional endorsement to payment or performance bonds shall be required provided that the aggregate amount of the Change Order Sums of all Component Change Orders does not exceed the penal sum of each bond. However, the Board may require written confirmation from the surety that the outstanding bonds cover the Work under a subsequent Component Change Order. No election or failure of the Board to request such confirmation shall affect the rights of the board or there under the existing bonds covering such Work. (b) As an alternative, the initial payment and performance bonds may be obtained with the penal amount set as the sum of the total CMR fees plus the total estimated construction cost at the time of the initial Component Change Order.

Component Change Order. In the case of the initial Component Change Order, payment and performance bonds furnished by the Design-Builder in conformance with and in the form set forth in the Contract Documents designating the Design-Builder as the principal obligor and the Owner as the obligee, in an amount of the Change Order Sum covering the Work under that Component Change Order and, in the case of subsequent Component Change Orders, an endorsement to such bonds increasing the aggregate amount of the bonds to an amount equal to the aggregate of the Change Order Sums of all Component Change Orders to this Contract. See also Section 1.8.8. If in connection with a Component Change Order, the Design-Builder has furnished payment and performance bonds in the amount approved by the Owner as the reasonably expected aggregate amount of the Change Order Sums of that and any prior Component Change Order and all subsequent Component Change Orders and covering all such Work, then upon entry of a subsequent Component Change Order, no additional endorsement to payment or performance bonds shall be required provided that the aggregate amount of the Change Order Sums of all Component Change Orders does not exceed the penal sum of each bond. However, Owner may require written confirmation from the surety that the outstanding bonds cover the Work under a subsequent Component Change Order. No election or failure of the Owner to request such confirmation shall affect the rights of Owner or others under the existing bonds covering such Work.

Component Change Order. An element of a Project for which the Architect agrees to prepare or segregate Construction Documents as a discrete package to permit procurement of the described items or the commencement of the construction of the described element of the Project.