Common use of Project Construction Status Reports Clause in Contracts

Project Construction Status Reports. Owner shall provide written reports to the City Representative, which may be provided at the meeting required by Section 8.2, regarding the status of the Project Improvements Work not less frequently than once every month, which reports shall include (i) any new or additional facts discovered by Owner or any circumstances known to Owner that occur during the course of the Project Improvements Work which in Owner’s reasonable opinion materially change the Total Project Costs or materially affect Owner’s ability to achieve Substantial Completion and Commencement of Operations, including any Excusable Owner Delay or City Party Delay and reasonable detail of such facts or circumstances, (ii) any material change to the Project Construction Schedule or the Complex Budget, (iii) an updated version of the Complex Budget, and (iv) an updated version of the Project Construction Schedule.

Project Construction Status Reports. Owner shall provide written reports to the City Representative, which may be provided at the meeting required by Section 8.2, 8.2,‌ regarding the status of the Project Improvements Work not less frequently than once every month, which reports shall include (i) any new or additional facts discovered by Owner or any circumstances known to Owner that occur during the course of the Project Improvements Work which in Owner’s reasonable opinion materially change the Total Project Costs or materially affect Owner’s ability to achieve Substantial Completion and Commencement of Operations, including any Excusable Owner Delay or City Party Delay and reasonable detail of such facts or circumstances, (ii) any material change to the Project Construction Schedule or the Complex Budget, (iii) an updated version of the Complex Budget, and (iv) an updated version of the Project Construction Schedule.