Builder Incentive Program Sample Clauses
The Builder Incentive Program clause establishes a system of rewards or bonuses for builders who meet or exceed certain performance criteria during a construction project. Typically, this clause outlines the specific milestones, quality standards, or timelines that trigger incentive payments, such as completing work ahead of schedule or achieving superior workmanship. Its core function is to motivate builders to deliver high-quality results efficiently, thereby aligning their interests with the project's success and potentially reducing delays or subpar performance.
Builder Incentive Program. Buyer(s) is aware that from time to time Contractor may offer “Builder Incentives”. Buyer(s) is aware that to receive Builder Incentive all conditions of said incentive must be met. These conditions may vary per neighborhood and may change from time to time without notice. Builder Incentives on already completed homes may vary from Builder Incentives offered on “to-be-built” homes. Buyer(s) acknowledges that they have received said current Builder Incentive and have carefully read and reviewed the terms.