Contract Time Requirements definition
Examples of Contract Time Requirements in a sentence
Notwithstanding the foregoing, with regard to construction services, Contractor shall perform its obligations consistent with any Contract Time Requirements set forth in the Contract Documents.
The time periods established by the Contract Time Requirements and the Owner’s Project Schedule requirements shall not be changed without the written consent from the Owner.
The Milestones made a part of the Contract are critical elements of the Contract Time Requirements under the Contract and are "of the essence" of the Contract.
If the Progress Schedule indicates that the Work cannot be achieved within the applicable Contract Time Requirements or the Owner otherwise determines that CM is not on schedule to achieve the applicable Contract Time Requirements, Owner will notify CM in writing.
CM shall monitor the Work of the Subcontractors and other work of Owner’s Third Party Contractors in conjunction with the Progress Schedule to ultimately achieve completion of the Work, as designed, at a cost not to exceed the applicable Contract Amount and GMP and within the applicable Contract Time Requirements.
The Contract Time Requirements applicable to the entire Work or a Work Package is subject to adjustments only as provided in the Contract Documents, including Articles 10 -- 12 of the General Conditions.
The GMP Proposal shall include, without limitation, a breakdown of CM’s estimated General Conditions Costs and estimated Costs of the Work organized by trade and CSI division format; all contingency amounts (including escalation), the Construction Phase Fee; and shall reflect and incorporate the Contract Time Requirements, including dates for Notice to Proceed, completion of the phases of design, Substantial Completion and Final Completion.
CM must achieve sufficient progress in the Work to keep on schedule with the timelines and Milestones set out in the Project Schedule in order to ultimately achieve the applicable Contract Time Requirements for the Project and each Work Package.
Contractor shall not make or be entitled to any claim for any adjustment to the Contract Time Requirements or the Contract Sum for errors or omissions in the Construction Documents that Contractor discovered or, in the exercise of its standard of care as a contractor and not as a design professional, should reasonably have discovered using Ordinary Diligence as defined in the UGC, in the request for proposal process and did not bring to the attention of the Owner in a timely manner.
Value Engineering activities must be performed concurrently with and without delay to the Contract Time Requirements for the Project, including the Milestones.