Construction Commitmentisdefined in Section302.3(a). “Construction Contract” is defined in Section 302.3(b). Sample 1 Construction Commitmentmeans, as toeach Lender, such Lender'sobligation tomakeConstruction Advancespursuant to ArticleV. in an amount up to, but not exceeding, the amount set for...
Contract Amendment means a written document signed by the Procurement Officer that is issued for the purpose of making changes in the Contract. Original construction ’ shall mean the first or initial construction Purchase Agreement Assignment means that certain Purchase Agreement Assignment [NW 1997 J...
Including a detailed schedule in the contract documents requires that any schedule updates be made through a formal change order or contract amendment process. Monthly updates are often required as a contract stipulation to also safeguard against any schedule disputes arising from a project scheduling ...
JCTH MP JCT major project construction contract (includes Amendment 1)
happened” or “no court in the country would let them get away with this!” Guess what. There is a chance that the jurors be bored when you reveal your bombshell at 4:15 p.m. on Friday afternoon; and that horrible thing the defendant did to you may be allowed in the contract you...
Contractual integrity: Contract disputes and legal complexities can have a major impact on your project. We work with you to manage these issues. Financial stability: Financial arrangements for a project can be riddled with potential risks. We safeguard your financial interests to assist you meeting...
In the context of this change order, an owner and a general contractor (or a general contractor and a subcontractor) agree on a particular scope change and record the details in the change order document. The construction change order represents an amendment to theoriginal contract, which defines...
Contractual integrity:Contract disputes and legal complexities can have a major impact on your project. We work with you to manage these issues. Financial stability:Financial arrangements for a project can be riddled with potential risks. We safeguard your financial interests to assist you meeting you...
Contract Amendment means a written document signed by the Procurement Officer that is issued for the purpose of making changes in the Contract. New construction means, for the purposes of determining insurance rates, structures for which the "start of construction" commenced on or after the effectiv...
Contractor agrees to satisfy any and all requirements within its control with respect to any Change Order which constitutes a "Material Construction Contract Amendment" under the terms of the Disbursement Agreement. The Borrower shall not (and shall not permit or cause the Developer to) enter into...