Market Values. Cost for added Work shall be no more than market values prevailing at the time of the change, unless the Licensee can establish to the satisfaction of the Trustees that it investigated all possible means of obtaining Work at prevailing market values and that the excess cost could not be avoided. When a change order deletes Work from the Contract, the computation of the amount thereof shall be the values which prevailed at the time bids for the Work were opened, if the Work is contained in a subcontract agreement or purchase order executed at or near the time proposals were opened.
Appears in 2 contracts
Sources: Energy Storage Site License and Services Agreement, License Power Purchase Agreement
Market Values. Cost for added Work shall be no more than market values prevailing at the time of the change, unless the Licensee Contractor can establish to the satisfaction of the Trustees University that it investigated all possible means of obtaining Work at prevailing market values and that the excess cost could not be avoided. When a change order deletes Work from the Contract, the computation of the amount cost thereof shall be the values which prevailed at the time bids for the Work were opened, if opened or the Work is contained in a subcontract agreement or purchase order executed at or near the time proposals were openedContract Sum/GMP established.
Appears in 2 contracts
Sources: Contract for Construction Management Services, Contract for Construction Management Services
Market Values. Cost for added Work shall be no more than market values prevailing at the time of the change, unless the Licensee Design- Builder can establish to the satisfaction of the Trustees that it investigated all possible means of obtaining Work at prevailing market values and that could not avoid the excess cost could not be avoidedcost. When a change order deletes Work from the Contract, the computation of the amount thereof shall be the values values, which prevailed at the time bids for the Work were opened, if the Work is contained in a subcontract agreement or purchase order executed at or near the time proposals were opened.
Appears in 1 contract
Sources: Task Order Construction Agreement