PROPOSALS AND ESTIMATES Sample Clauses

The "Proposals and Estimates" clause defines the process by which one party submits a detailed plan or cost projection for work to be performed, and how the other party reviews and responds to these submissions. Typically, this clause outlines the requirements for what must be included in a proposal or estimate, such as scope, pricing, and timelines, and may specify the timeframe for acceptance or negotiation. Its core function is to ensure both parties have a clear, mutual understanding of the work to be done and the associated costs before any binding agreement is made, thereby reducing the risk of misunderstandings or disputes later in the project.
PROPOSALS AND ESTIMATES. § 3.5.2.1 Promptly after Owner approves the Schematic Design Documents, Architect shall assist Owner with obtaining competitive proposals and detailed estimates from potential contractors based on the Schematic Design Documents. § 3.5.2.2 The Architect shall assist the Owner with:
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PROPOSALS AND ESTIMATES. 5.2.1 Engineer shall assist Owner with obtaining competitive proposals and detailed estimates from potential contractors based on the Schematic Design Documents.
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PROPOSALS AND ESTIMATES i. ▇▇▇▇▇’s proposals and estimates (“Proposals”) are being offered for your convenience and benefit and, therefore, are not binding. The Proposals are subject to modification by you or ZICLA at any time prior to written confirmation of the same. ii. A Proposal will only become binding once ▇▇▇▇▇ sends you written confirmation approving the same. At that time, ▇▇▇▇▇ will issue an Order with the final applicable specifications and terms.
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Related to PROPOSALS AND ESTIMATES

  • Estimates User shall pay to Tenant, in advance on a monthly basis, an amount equal to the estimated Rent for each year of the Use Period or part thereof divided by the number of months therein. Attached as Exhibit B is an budget for the Project prepared by Tenant and approved by User, which reflects a good faith estimate of Rent. Based on Exhibit B, the parties have agreed that User will pay to Tenant the monthly sum allocated to User on Exhibit B, in advance, as Tenant’s initial estimate of Rent. From time to time, Tenant may estimate and re-estimate the amount of Rent to be due and deliver a copy of the estimate or re-estimate to User. Thereafter, the monthly installments of Rent shall be appropriately adjusted in accordance with the estimations so that, by the end of the calendar year in question, User shall have paid all of Rent estimated by Tenant for such calendar year. Any amounts paid based on such an estimate shall be subject to adjustment as herein provided when the actual amount of Rent is available for each calendar year or fraction thereof (in the instance of any partial calendar year). (a) On or before January 31 of each calendar year during the term (and within 180 days of the Use Expiration Date), Tenant shall furnish to User a statement of Rent for the previous year (the “Rent Statement”). If Tenant fails to issue a Rent Statement, User will send a written request for Tenant to issue a Rent Statement. Within 30 days of receipt of the request for Rent Statement, Tenant will then issue a Rent Statement. If User’s estimated payments of Rent for the year covered by the Rent Statement exceeded the actual Rent due as indicated in the Rent Statement, then Tenant shall promptly credit or reimburse User for such excess; likewise, if User’s estimated payments of Rent for such year were less than the actual Rent due as indicated in the Rent Statement, then User shall promptly pay Tenant such deficiency. All true up obligations contained in this Agreement shall survive the Use Period. (b) To minimize the administrative burden on each party, Tenant’s books and records with regard to Rent are available for inspection by User at Tenant’s offices during Tenant’s regular business hours for 30 days after the date of issuance of each Rent Statement. The parties agree to work in good faith to address any questions relating to the Rent Statement.

  • Estimates and Reconciliation of Estimates Where estimated expenditures are used to determine the amount of the drawdown, the State will indicate in the terms of the State unique funding technique how the estimated amount is determined and when and how the State will reconcile the difference between the estimate and the State's actual expenditures.

  • 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.

  • Projections As of the Closing Date, to the best knowledge of Borrower, the assumptions set forth in the Projections are reasonable and consistent with each other and with all facts known to Borrower, and the Projections are reasonably based on such assumptions. Nothing in this Section 4.17 shall be construed as a representation or covenant that the Projections in fact will be achieved.

  • Budgets Borrower shall have delivered, and Lender shall have approved, the Annual Budget for the current Fiscal Year.