Development Phases definition
Examples of Development Phases in a sentence
If the Construction Manager at Risk’s Statement of Probable Construction Cost at the end of each of the Schematic Design and Design Development Phases exceed the established Maximum Allowable Construction Cost, the Construction Manager and Design Professional shall propose cost reductions acceptable to the Owner to bring the project within budget.
In view of the Costs and scope of developing and producing Hydrocarbons from the Contract Area, the Parties may agree to undertake an initial Development Phase and one or more subsequent Development Phases.
For each stage undertaken, subject to the provisions of this Article 12 (Development Phases), any Party may submit a proposal and an associated AFE for the Parties’ approval.
A separate Development Plan shall be prepared for each Development Phase, and each Development Plan shall be generated, approved, and implemented under this Article 12 (Development Phases).
If a subsequent Development Phase is approved, the procedures specified in this Article 12 (Development Phases) shall apply to the proposal of the subsequent Development Phase.
Aurora will design and develop the UHTSS in accordance with the following development phases ("Development Phases"), as more fully described in Exhibit 1.1 hereto.
Aurora will design and develop the LILLYUHTSS in accordance with the following development phases ("Development Phases"), as more fully described in Exhibit 1.1 hereto.
The Parties acknowledge that Developer cannot guarantee the exact timing in which Development Phases will be constructed, whether certain development will be constructed at all, or the characteristics of each Development Phase (including without limitation the number of units constructed during each Development Phase and the parcels included within each Development Phase).
Without limitation of the foregoing, at the Concept Schematic Design, Advanced Schematic Design and Design Development Phases (as each such Phase is further described below), Professional shall support and attend presentations and shall include drawings, models, renderings, animations, and other tools as necessary to illustrate and convey information on particulars of the design intent.
The Parties currently anticipate that the Project will be constructed in Development Phases over approximately twenty (20) to thirty (30) years.