Examples of The Owners in a sentence
The Target Cost cannot exceed the Owner's Budget and must include any Added Value Incentive Items elected by Owner and incorporated by the PMT during the Design/Preconstruction Phase.
In the event of any dispute, the Owner authorizes the release of the Owners address and contact information.
Alternatively, the IPD Team may continue work through Target Value Design to attempt to establish a design solution with the Base Program and with a Target Cost that is at or below the Owner's Budget by [insert date].
If the IPD Team cannot develop a design solution consistent with the Base Program and with a Target Cost that is at or below the Owner's Budget by the end of Validation, then this Agreement may be terminated pursuant to Section 17.1, except that the Risk/Reward Team Members will not be paid any profit for the work performed prior to the termination.
The Target Cost cannot exceed the Owner's Budget, unless adjusted by Change Order.