Materials Escalation Clause Samples

Materials Escalation. Design Build Entity may seek additional costs for escalation of materials after the establishment of the GMP, if, and only if, Design Build Entity demonstrates all the following conditions are satisfied: 5.2.3.1. Condition 1. Design Build Entity establishes that the escalation was caused by: (i) a Force Majeure Event; or (ii) an event that would qualify as an event for Compensable Delay; 5.2.3.2. Condition 2. The escalated cost did not result from any action of Design Build Entity, including, without limitation, failing to properly sequence or coordinate the Work;
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Materials Escalation. ▇▇▇▇ may seek additional costs for escalation of materials after the establishment of the GMP, if, and only if, ▇▇▇▇ demonstrates all the following conditions are satisfied: (1) Condition 1. ▇▇▇▇ establishes that the escalation was caused by: (i) a force majeure as identified in the General Conditions; or (ii) an event that would qualify as a delay for which ▇▇▇▇ is entitled to additional compensation; (2) Condition 2. The escalated cost did not result from any action of ▇▇▇▇, including, without limitation, failing to properly or diligently plan, sequence, schedule, or coordinate the Services; materials at issue; (3) Condition 3. ▇▇▇▇ timely ordered and/or purchased the (4) Condition 4. ▇▇▇▇’▇ material costs, as reflected in Subcontractor bids, were reasonable at the time that ▇▇▇▇ solicited subcontractors during the Subcontractor Procurement Process;
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Related to Materials Escalation

  • Non-Escalation Unless otherwise specified within the RFP documents, the unit prices reflected on the contract shall remain firm with no provision for price increases during the term of the contract.

  • Cost Estimate The cost estimate shall set out the estimated costs for the proposed Change Order in such a way that a fair evaluation can be made. It shall include a breakdown for labor, materials, equipment and markups for overhead and profit, unless TxDOT agrees otherwise. If the work is to be performed by Subcontractors and if the work is sufficiently defined to obtain Subcontractor quotes, DB Contractor shall obtain quotes (with breakdowns showing cost of labor, materials, equipment and markups for overhead and profit) on the Subcontractor’s stationery and shall include such quotes as back-up for DB Contractor’s estimate. No markup shall be allowed in excess of the amounts allowed under Section 10.6. DB Contractor shall identify all conditions with respect to prices or other aspects of the cost estimate, such as pricing contingent on firm orders being made by a certain date or the occurrence or non-occurrence of an event.

  • Cost Sharing a) With respect to the funding in C6.1a), should there be an amount of employee co-pay, the Trust shall advise boards what that amount shall be. Unless advised otherwise, there will be no deductions upon the Participation Date. b) Any further cost sharing or funding arrangements as per previous local collective agreements in effect as of August 31, 2014 remain status quo.

  • Cost Share Federal and provincial governments support AgriInsurance programs by paying all administration expenses and sharing premium costs with the Insured.

  • Cost Estimates If this Agreement pertains to the design of a public works project, CONSULTANT shall submit estimates of probable construction costs at each phase of design submittal. If the total estimated construction cost at any submittal exceeds the CITY’s stated construction budget by ten percent (10%) or more, CONSULTANT shall make recommendations to CITY for aligning the Project design with the budget, incorporate CITY approved recommendations, and revise the design to meet the Project budget, at no additional cost to CITY.