Condition 5. The escalation of a particular material is significant. The term “significant” herein shall mean when the price of an item increases by 3% or more from the later of the following: (i) the date Judicial Council Accepts the GMP; or (ii) the date that Design Build Entity enters a subcontract with a Subcontractor purchasing the material or a contract with a supplier to furnish that material.
Appears in 3 contracts
Sources: Design Build Agreement, Design Build Services Agreement, Design Build Services Agreement
Condition 5. The escalation of a particular material is significant. The term “significant” herein shall mean when the price of an item increases by 3% or more from the later of the following: (i) the date Judicial Council Accepts approves the GMP; or (ii) the date that Design Build Entity enters a subcontract with a Subcontractor purchasing the material or a contract with a supplier to furnish that material.;
Appears in 1 contract
Sources: Design Build Agreement
Condition 5. The escalation of a particular material is significant. The term “significant” herein shall mean when the price of an item increases by 3% or more from the later of the following: (i) the date Judicial Council Accepts the GMPParties execute the GMP Amendment; or (ii) the date that Design Build Entity ▇▇▇▇ enters a subcontract with a Subcontractor purchasing the material or a contract with a supplier to furnish that material.;
Appears in 1 contract