Baseline Budget and Program Sample Clauses
The Baseline Budget and Program clause establishes the initial financial plan and project schedule that will guide the execution of a contract. It typically requires the parties to agree on a detailed budget and timeline before work begins, outlining key milestones, deliverables, and associated costs. This clause serves to set clear expectations and benchmarks for performance, helping to prevent disputes by providing a reference point for measuring progress and managing changes throughout the project.
Baseline Budget and Program. The Department shall provide the Design-Builder with a baseline budget and program and comments on the concept design. Such approval shall be provided (or signed by) the Department’s Deputy Director for Capital Construction (the “Deputy Director”). In the event the Design-Builder does not receive such approval within fourteen (14) days after submitting the Preliminary Budget Estimate, it shall so advise the COTR, the Deputy Director and the contracting officer (“Contracting Officer” or “CO”) in writing of such failure and request direction. If the Design-Builder fails to provide such notice, the Design-Builder will be proceeding at its own risk and will be responsible for any redesign costs associated with budget revisions.
Baseline Budget and Program. The Department shall provide the Contractor with the approved baseline budget and program. Such approval shall be provided (or signed by) the Department. In the event the Contractor does not receive such approval within fourteen (14) days after submitting the Preliminary Budget Estimate, it shall so advise the Department’s Program Manager, the Department’s Deputy Director for Capital Construction and the Contracting Officer in writing of such failure and request direction. If the Contractor fails to provide such notice, the Contractor will be proceeding at its own risk and will be responsible for costs associated with budget revisions. Only the Department shall have the authority to increase the Project Budget, and absent such direction, the Contractor shall proceed throughout the Project on the assumption that the budget remains as originally directed by the Department pursuant to this Section 3.3.2.2.
Baseline Budget and Program. The Department shall provide the Design-Builder with a baseline budget and program as well as comments on the concept design. Such approval shall be provided (or signed by) the Department. In the event the Design-Builder does not receive such approval within fourteen (14) days after submitting the Preliminary Budget Estimate, it shall so advise the COTR, the Department’s Deputy Director for Capital Construction and the Contracting Officer in writing of such failure and request direction. If the Design-Builder fails to provide such notice, the Design- Builder will be proceeding at its own risk and will be responsible for any redesign costs associated with budget revisions.
Baseline Budget and Program. The Department shall provide the Design-Builder with a baseline budget and program and comments on the concept design. Such approval shall be provided (or signed by) the Department’s Deputy Director for Capital Construction (the “Deputy Director”). In the event the Design- Builder does not receive such approval within fourteen (14) days after submitting the Preliminary Budget Estimate, it shall so advise the COTR, the Deputy Director and the
Baseline Budget and Program. At the end of the Concept Phase, the Department shall provide the Design-Builder with the approved baseline budget (“Approved Conceptual Budget”) and concept design (“Approved Concept Design”). Such approval shall be provided (or signed by) the Department’s Deputy Director for Capital Construction (the “Deputy Director”). In the event the Design-Builder does not receive such approval within fourteen (14) days after submitting the Approved Concept Budget Estimate, it shall so advise the COTR, the Deputy Director and the contracting officer (“Contracting Officer” or “CO”) in writing of such failure and request direction. If the Design-Builder fails to provide such notice, the Design- Builder will be proceeding at its own risk and will be responsible for any redesign costs associated with budget revisions.