Common use of Cost Differential Clause in Contracts

Cost Differential. “Cost Differential” means the difference between the Pre- Encroachment Costs and the Utility Costs in light of the existence of the Landowner Improvements. The City’s determination of the amount of the Cost Differential shall be binding on the Landowner. The City’s determination shall be appropriately supported by cost estimates obtained from independent contractors or engineers.

Cost Differential. “Cost Differential” means the difference between the Pre- Encroachment Costs and the Utility Costs in light of the existence of the Landowner Improvements. The City’s determination of the amount of the Cost Differential shall be binding on the LandownerResponsible Owner. The City’s determination shall be appropriately supported by cost estimates obtained from independent contractors or engineers.