Common use of Truth-In-Negotiation Clause in Contracts

Truth-In-Negotiation. If requested by Owner, Professional will immediately provide Owner with a duly executed truth-in-negotiation certificate in the form attached as Exhibit H. Within one year following expiration of the term of this Agreement, the Construction Cost will be adjusted to exclude any sums by which Owner determines the Construction Cost was increased due to an inaccurate certificate.

Appears in 2 contracts

Sources: Owner and Professional Agreement, Agreement Between Owner and Professional

Truth-In-Negotiation. If requested by Owner, Professional the Design/Builder will immediately provide Owner with a duly executed truth-in-negotiation certificate in the form attached as Exhibit H. I. Within one year following expiration of the term of this Agreement, the Construction Cost will be adjusted to exclude any sums by which Owner determines the Construction Cost was increased due to an inaccurate certificate.

Appears in 2 contracts

Sources: Agreement for Design/Build Services, Design/Build Agreement