Construction Bids Sample Clauses
The Construction Bids clause outlines the procedures and requirements for submitting proposals to undertake construction work on a project. It typically specifies the format, deadline, and documentation needed for a valid bid, and may detail how bids will be evaluated or the criteria for selection. By establishing clear rules for the bidding process, this clause ensures fairness and transparency, helping to prevent disputes and promote competitive pricing.
Construction Bids. The Parties hereby acknowledge and agree that, in the event that the lowest, responsible bid or the Guaranteed Maximum Price accepted by the District for the construction of the Proposed Project is lower than the corresponding amount set forth in Exhibit A, the Authority shall reduce the Estimated Maximum Total Facilities Grant and the Maximum Total Facilities Grant amount set forth in Section 3.1 of this Agreement and in Exhibit A accordingly. The Parties hereby further acknowledge and agree that, in the event that the lowest, responsible bid or Guaranteed Maximum Price accepted by the District for the construction of the Proposed Project exceeds the corresponding amount set forth in Exhibit A, the Authority shall not make any adjustments to its Estimated Maximum Total Facilities Grant or Maximum Total Facilities Grant on account of the bid, and the increased costs shall be the sole responsibility of the District. The Parties hereby further acknowledge and agree that, in the event that the lowest, responsible bid or Guaranteed Maximum Price accepted by the District for construction of the Project exceeds the corresponding amount set forth in Exhibit A, the District may use a reasonable amount of the owner’s and/or construction contingency to fund the cost of any such budget overrun, provided, however, that the expenditures of owner’s and/or construction contingency funds for the purpose of funding such budget overruns shall not be eligible for reimbursement by the Authority and shall be the sole responsibility of the District.
Construction Bids. The Parties hereby acknowledge and agree that, in the event that the lowest, responsible bid accepted by the District for the construction of the Proposed Project is lower than the corresponding amount set forth in Exhibit A, the Authority shall reduce the Total Facilities Grant amount set forth in Section 3.1 of this Agreement accordingly. The Parties hereby further acknowledge and agree that, in the event that the lowest, responsible bid accepted by the District for the construction of the Proposed Project exceeds the corresponding amount set forth in Exhibit A, the Authority shall not make any adjustments to its Total Facilities Grant on account of the bid, and the increased costs shall be the sole responsibility of the District.
Construction Bids. Before proceeding with construction of the Project, Urban Tilth shall first bid the Project work pursuant to an open, competitive bidding process using bid documents approved in writing by County and SCC. Following Urban Tilth's receipt and evaluation of the bids, Urban Tilth shall forward the bids to County and SCC for review and written approval of the bid selected for award, after which Urban Tilth shall enter into a contract for construction of the Project work. County's review of the bids and approval/disapproval of the bid selected for award shall be completed no later than five working days after the bids are forwarded by Urban Tilth and received by County.
Construction Bids. Following Closing, Developer shall obtain construction bids for the Project based on the Final Building Plans. Upon Developer’s selection of the bids, Developer shall submit to the City an updated Budget for the Project.
Construction Bids. The Local Borrower shall submit to the Authority for review and approval prior to execution:
(a) engineering contracts related to the Project,
(b) bid documents related to the Project,
(c) construction contracts related to the Project, and
(d) certification of positive effort for disadvantaged business enterprise participation.
Construction Bids. Upon their completion, Tenant will submit the Working Drawings to the General Contractor and to such other qualified, licensed contractors as Tenant deems appropriate, to obtain bid proposals for construction of the Improvements. Tenant may enter into an agreement for the construction of the Improvements with the contractor of Tenant's choice provided the contractor employed by Tenant and any subcontractors shall be duly licensed in California and shall be subject to Landlord's prior approval, which shall not be unreasonably withheld.
Construction Bids