Common use of Feasibility of Performance Clause in Contracts

Feasibility of Performance. As of the Effective Date, Design-Builder has evaluated the feasibility of performing the Work within the Completion Deadlines specified in the Contract Documents and for the Contract Price. Design-Builder represents that it is feasible to perform the Work within those cost and time constraints. Upon completion of the Scope Validation Period, Design-Builder represents that it is feasible to perform the Work for the Contract Price and within the Completion Deadlines, accounting for any adjustment to the Contract Price and Completion Deadlines resulting from the Scope Validation.

Appears in 2 contracts

Sources: Design Build Agreement, Design Build Agreement