Common use of Request for Equitable Adjustment Clause in Contracts

Request for Equitable Adjustment. Design-Builder shall provide Owner with written notice, in accordance with Section 8.6.2, of any event that Design-Builder believes entitles it to an equitable adjustment in the Contract Sum and/or Guaranteed Completion Date(s) within fourteen (14) days of the occurrence of the event giving rise to the request. For purposes of this part, “occurrence” means when Design-Builder knew, or in its diligent prosecution of the Work should have known, of the event giving rise to the request. If Design-Builder believes it is entitled to an adjustment in the Contract Sum, Design-Builder shall immediately notify Owner and begin to keep and maintain complete, accurate, and specific daily records. Design-Builder shall give Owner access to any such records and, if requested shall promptly furnish copies of

Request for Equitable Adjustment. Design-Builder shall provide Owner with written notice, in accordance with Section 8.6.2, of any event that Design-Builder believes entitles it to an equitable adjustment in the Contract Sum and/or Guaranteed Completion Date(s) within fourteen (14) days of the occurrence of the event giving rise to the request. For purposes of this part, “occurrence” means when Design-Builder knew, or in its diligent prosecution of the Work should have known, of the event giving rise to the request. If Design-Builder Design -Builder believes it is entitled to an adjustment in the Contract Sum, Design-Builder shall immediately notify Owner and begin to keep and maintain complete, accurate, and specific daily records. Design-Builder Design -Builder shall give Owner access to any such records and, if requested shall promptly furnish copies ofof such records to Owner.