CMARE Sample Clauses
The CMARE clause, which stands for "Change in Market and Regulatory Environment," is designed to address situations where significant changes in laws, regulations, or market conditions impact the parties' obligations under a contract. Typically, this clause allows for renegotiation, suspension, or even termination of the agreement if such changes materially affect the feasibility or legality of performance. For example, if a new regulation makes a contracted activity illegal or economically unviable, the CMARE clause provides a mechanism for the parties to adjust their obligations accordingly. Its core function is to allocate risk and provide flexibility, ensuring that neither party is unfairly disadvantaged by unforeseen external changes.
CMARE. Documents, the event or circumstance giving rise to the need for the change, and any proposed change in the Contract Price and/or Contract Time associated with the Request for Change. If the Request for Change includes a proposal to increase the Contract Time, CMARE shall include a description of: (1) the cause(s) for the proposed extension of time, including but not limited to causal events and responsible persons and organizations; (2) the dates (or anticipated dates) of performance of the changed work; (3) activities on the Accepted Construction Schedule affected by the change, any new activities created by the change, and their relationship with existing activities; (4) the anticipated extent of any claimed increase to the Contract Time; and (5) recommended action to avoid or minimize the increase. If County agrees that a change in the Contract Documents is appropriate, County may use the same options described in the "Lump Sum Change Orders" and "Time-and-Materials Change Orders" Sections below in response to CMARE's Request for Change. CMARE waives all claims as to which it has not provided County with notice through a Request for Change in accordance with this Section. In the event of a claim or litigation arising from any disagreement involving CMARE's Request for Change, CMARE's compensation (if any) shall be limited to an amount calculated in accordance with the "Time-and- Materials Change Orders" Section below.
CMARE discretion of the CMARE usually for costs that result from Project circumstances. The amount of the CMARE and management of the CMARE Section 2.6. 10. addition to the project costs included in the CMARE Construction phase is described in Section 2.6.
CMARE. If CMARE believes that a change in the Contract Documents, including any change in Contract Price or Contract Time, is appropriate, it shall submit, within 7 days of the event giving rise to the proposed change, a written request ("Request for Change") to County to issue a Change Order. Timely notice to County is essential to County prioritization, and response to claimed changes, including any claimed delays, and CMARE failure to give County timely notice of such claims shall be presumed to be prejudicial to County. CMARE County within 7 days after the date CMARE first recognized or should have recognized in the exercise of ordinary care, any event giving rise to any proposed change shall constitute a waiver by CMARE of any request for or entitlement to an increase in the Contract Price or Contract Time.