Common use of Interior Improvements Clause in Contracts

Interior Improvements. After the plans and specifications for the Interior Improvements are approved by Owner and Manager, Owner shall request that Contractor issue a change order to the Construction Contract setting forth the guaranteed maximum price of the Interior Improvements and a revised Construction Schedule for the completion of the Interior Improvements. After such change order is approved by Owner in writing (such change order, as approved by Owner, is called the “Interior Improvement Change Order”), the Budget shall be amended to increase Developer Guaranteed Costs by the amount of the cost of the Interior Improvements as set forth in 7 the Interior Improvements Change Order and the Construction Schedule shall be amended to reflect the schedule set forth in the Interior Improvements Change Order.

Interior Improvements. After the plans and specifications for the Interior Improvements are approved by Owner and Manager, Owner shall request that Contractor issue a change order to the Construction Contract setting forth the guaranteed maximum price of the Interior Improvements and a revised Construction Schedule for the completion of the Interior Improvements. After such change order is approved by Owner in writing (such change order, as approved by Owner, is called the “Interior Improvement Change Order”), the Budget shall be amended to increase Developer Guaranteed Costs by the amount of the cost of the Interior Improvements as set forth in 7 the Interior Improvements Change Order and the Construction Schedule shall be amended to reflect the schedule set forth in the Interior Improvements Change Order.