Examples of Development Budget in a sentence
The Contingency Fund may be used to pay unforeseen cost overruns in any line item of the Development Budget, and/or for additional improvements to the Project provided, however, that the use of the Contingency Fund shall be mutually agreed upon by all Parties.
The amount of the contingency fund shall be the amount as identified in the Development Budget, less any expenses allocated to such fund, plus any savings achieved in any other line item of the Development Budget.
If any estimate submitted to Owner exceeds previously approved estimates or the Construction Cost Estimate in the Development Budget, CM/GC shall make appropriate recommendations to the Owner and Design Professional.
At any time during the implementation of the development contemplated by this Agreement, Developer may submit to the RDA proposed revisions in the approved Concept Plan, Construction Documents, or Development Budget in order to enhance the achievement of the objectives of this Agreement and to improve and refine the approved Concept Plan.
The RDA shall indicate its approval or further requirements in writing within thirty (30) days from the date of receipt of the Concept Plan, Construction Documents, or Development Budget, or any revisions; provided, however, that the RDA shall approve such revised Concept Plan, Construction Documents, or Development Budget unless it determines such revisions would impair the objectives of this Agreement, impose substantial financial burdens on the City or the RDA, or adversely affect the Concept Plan.