Construction of Leasehold Improvements. After the Final Approval Date has occurred and a building permit has been issued, LANDLORD shall undertake a competitive bid process with no fewer than two (2) reputable, licensed contractors. LANDLORD, at its sole discretion, shall select a contractor and shall, through a guaranteed maximum cost or fixed price (at LANDLORD’s sole option) enter into a Construction Contract (“Construction Contract”) with the selected contractor. LANDLORD shall supply TENANT with an itemized tabulation of bids received and shall immediately provide copies of bids received and copies of contracts/purchase orders awarded. The guaranteed maximum or fixed cost shall not be subject to adjustments as a result of errors, omissions and non-compliance with all applicable federal, state and local laws, ordinances, building and other codes, and Labor Standards and Wage requirements of Minnesota. The contractor shall cause the Leasehold Improvements to be constructed in substantial conformance with the Construction Plans and Specifications in a good and workmanlike manner using new and preferably sustainable building materials. LANDLORD shall ensure that the construction complies with all applicable building, health, fire and sanitary codes and regulations, up to and include the successful issuance of a certificate of occupancy for the Leased Premises by the appropriate governmental authority.
Appears in 3 contracts
Sources: Lease Agreement, Lease Agreement, Lease Agreement