Common use of Latent Conditions Clause in Contracts

Latent Conditions. Upon becoming aware of a Latent Condition while carrying out the Works, the Subcontractor must within 5 Business Days of becoming so aware, give ▇▇▇▇▇▇▇▇▇ a written notice describing the Latent Condition and an estimate (with supporting details) of any additional cost or time necessary to deal with the Latent Condition. If a Latent Condition causes the Subcontractor to incur additional cost in carrying out the Works, the cost incurred will be assessed by Honeywell and added to the Subcontract Sum (provided that the Subcontractor agrees and acknowledges that it will only be entitled to such adjustment to the Subcontract Sum if the Subcontractor has provided the notice referred to above in this Section within the required time.