Common use of Completion Plan Clause in Contracts

Completion Plan. If any B▇▇▇ has not achieved Substantial Performance by the Guaranteed Substantial Performance Date or it is known to the Parties that Substantial Performance will not be achieved by the Guaranteed Substantial Performance Date, the Contractor shall, within three (3) days, submit for review and approval by the Owner a written completion plan (the “Completion Plan”) detailing steps the Contractor will take to complete all necessary Work to meet the requirements of Substantial Performance. The Owner shall provide written approval or rejection (with comments) to the Contractor within five (5) Working Days of receipt of the Completion Plan. If rejected, the Contractor shall then resubmit to the Owner within the next five (5) Working Days a revised Completion Plan addressing such comments as shall have been provided by the Owner. The Owner shall provide written comment and, within the next three (3) Working Days after receipt of the Owner’s written comment, the Contractor shall revise and resubmit the Completion Plan within these time limits until the Contractor has addressed all comments of the Owner, and the Contractor shall then promptly proceed with such Work as may be required under the Completion Plan. The preparation, review and revision of a Completion Plan and performance of Work as required by the Completion Plan shall not be deemed in any way to have relieved the Contractor of its obligation to achieve Substantial Performance expeditiously or be a basis for an increase in the Fixed Contract Price.