Build Schedule Forecasts Clause Samples
The 'Build Schedule Forecasts' clause establishes the requirement for creating and maintaining projections of the construction project's timeline. It typically obligates the contractor to regularly update and submit anticipated completion dates for key project milestones, taking into account any delays or changes that may affect the overall schedule. This clause ensures that all parties remain informed about the project's progress and can proactively address potential scheduling issues, thereby minimizing the risk of unexpected delays and facilitating better project management.
Build Schedule Forecasts. Within ten (10) business days following the execution of this Agreement, Company shall provide Jabil with a Build Schedule Forecast. The Build Schedule Forecast shall be updated by Company, in writing, on at least a monthly basis. Any rescheduling or cancellation of the orders set forth in a Build Schedule Forecast shall be subject to the terms set forth in Section 10.5.
Build Schedule Forecasts. Within ten (10) business days following the execution of this Letter Agreement, Company shall provide Jabil with a monthly forecast, in writing, of quantity requirements of each Product (as defined in Section 4 below) that Company anticipates requiring during the next twelve (12) month period (“Build Schedule Forecast”). The Build Schedule Forecast shall be updated by Company, in writing, on at least a monthly basis. Any rescheduling or cancellation of the orders set forth in a Build Schedule Forecast shall be subject to the terms set forth in Schedule 2 hereto, Rescheduled Delivery, Cancellation of Orders and Letter Agreement Expiration and Termination Charges.
Build Schedule Forecasts. Within ten (10) business days following the execution of this Agreement, Company shall provide Jabil with a Build Schedule Forecast in the form annexed as Schedule “D”. The Build Schedule Forecast shall be updated by Company, in writing, on at least a monthly basis and no later than the 15th day of each calendar month for the subsequent eleven (11) calendar months. The Company may modify a Build Schedule Forecast by providing a new Build Schedule Forecast. Any rescheduling or cancellation of the Products scheduled for Manufacturing Services of any Build Schedule Forecast shall be subject to the terms set forth in Section 11.3, 11.4, 11.5, and 11.6. Each Build Schedule Forecast covers two time periods totaling twelve (12) calendar months. The first three calendar months of a Build Schedule Forecast will be treated as a purchase order, that is to say, as a guaranteed minimum purchase. The last nine calendar months of a Build Schedule Forecast are the Company’s bona fide estimate of its requirements for Manufacturing Services, but do not constitute a binding obligation of Jabil to manufacture or of the Company to purchase. Subsequent Build Schedule Forecasts replace prior Build Schedule Forecasts, resulting in a twelve month rolling forecast of the Company’s requirements for Manufacturing Services.