Target Substantial Completion Date definition
Examples of Target Substantial Completion Date in a sentence
The Target Substantial Completion Date shall only be adjusted by Change Order as provided under this Agreement.
The liquidated damages will be the Owner’s sole claim for damages against the Design-Builder for failure to achieve Substantial Completion by the Target Substantial Completion Date.
Owner’s review and comments regarding the Recovery Schedule shall not relieve Contractor of any obligations for performance of the Work, change the Target Substantial Completion Date or Guaranteed Substantial Completion Date or be construed to establish the reasonableness of the Recovery Schedule.
Contractor shall be entitled to an adjustment to the Contract Price for reasonable, additional costs incurred by Contractor for delay or in mitigation or avoidance of a delay which would otherwise meet such requirements of this Section 6.9. For the avoidance of doubt, this Section 6.9 shall govern the determination of any right of Contractor to an adjustment to the Target Substantial Completion Date and Guaranteed Substantial Completion Date for delay unless such delay is caused by Force Majeure.
Even if the Work is otherwise in compliance with the CPM Schedule, Owner may, at any time, direct Contractor in writing to advance one or both of the Target Substantial Completion Date and the Guaranteed Substantial Completion Date; provided, however, such directive shall be reasonable and Contractor shall have agreed in writing that such acceleration is commercially and technically feasible.