Common use of Project Set Up Clause in Contracts

Project Set Up. i. CHDO is responsible to submit an address specific project set-up form, itemized project budget that is reviewed and approved for cost reasonableness and construction schedule in order to reserve funds for an individual project or to use CHDO proceeds generated by an earlier sale. ii. It is expressly understood by the CHDO that budgets on CHDO project set ups shall not be exceeded unless revised and approved in writing by the CITY-designated project coordinator [see Part F (i)(a&b) below]. Every request for revision must be submitted in writing to the project coordinator.

Project Set Up. i. CHDO is responsible to submit an address specific project set-up form, itemized project budget that is reviewed and approved for cost reasonableness and construction schedule in order to reserve funds for an individual project or to use CHDO proceeds generated by an earlier sale. ii. It is expressly understood by the CHDO that budgets on CHDO project set ups shall not be exceeded unless revised and approved in writing by the CITY-designated project coordinator [see Part F (i)(a&b) below]. Every request for revision must be submitted in writing to the project coordinator.