Guaranteed Project Completion Date definition
Examples of Guaranteed Project Completion Date in a sentence
Any additional compensation hereunder shall be conditioned upon ▇▇▇▇’▇ compliance with all applicable provisions of the Contract Documents related to adjustments to the GMP and Guaranteed Project Completion Date.
Minor modifications or adjustments that do not involve a change to the Guaranteed Maximum Project Costs or Guaranteed Project Completion Date set forth in the Scope of Work for any Project and do not affect Construction Manager's performance of the Work as specified in this Agreement, may be made by Construction Manager and shall not require a Change Order; provided, however, that Construction Manager shall notify Owner thereof in writing prior to Construction Manager effecting any such modifications.
Provided the Notice to Proceed is executed and received by Contractor on or after July 1, 2006 and on or before July 31, 2006, Contractor guarantees that (i) Provisional Acceptance will be achieved on or before the Guaranteed Provisional Acceptance Date, and (ii) Substantial Completion will be achieved on or before the Guaranteed Substantial Completion Date, (iii) Project Completion will be achieved on or before the Guaranteed Project Completion Date.
Adjustments to the Guaranteed Project Completion Date on account of a circumstance described above shall be reflected in GMP Adjustment Amendments duly executed by Agency and ▇▇▇▇.
Construction Manager guarantees that it shall achieve Substantial Completion of each Project by the applicable Guaranteed Project Completion Date, if any, for such Project, as such guaranteed date may be adjusted pursuant to this Agreement.
Therefore, Construction Manager agrees that if Substantial Completion of any Project is not achieved by the applicable Guaranteed Project Completion Date, Construction Manager shall pay Owner, as liquidated damages, the amount of delay damages computed as provided in the Scope of Work for such Project (the "Delay Liquidated Damages").