Construction Pricing Proposal Clause Samples
Construction Pricing Proposal. Within five (5) business days after the later of (a) the mutual execution and delivery of this Agreement, or (b) Tenant’s selections made pursuant to Section 2.1 above, Landlord shall provide Tenant with Landlord’s reasonable estimate (for purposes of this Exhibit B, the “Construction Pricing Proposal”) of the cost of all Allowance Items to be incurred by Tenant in connection with the performance of the Tenant Improvement Work pursuant to the Work List. Tenant shall provide Landlord with notice approving or disapproving the Construction Pricing Proposal. If Tenant disapproves the Construction Pricing Proposal, Tenant’s notice of disapproval shall be accompanied by proposed revisions to the Work List that Tenant requests in order to resolve its objections to the Construction Pricing Proposal, and Landlord shall respond as required under Section 2.7 below. Such procedure shall be repeated as necessary until the Construction Pricing Proposal is approved by Tenant. Upon Tenant’s approval of the Construction Pricing Proposal, Landlord may purchase the items set forth in the Construction Pricing Proposal and begin construction relating to such items.
Construction Pricing Proposal. Landlord shall invite no fewer than three (3) qualified general contractors (one of which shall be ▇▇▇▇▇▇▇▇ Construction) that are willing to agree to Landlord’s requirements and to execute Landlord’s standard form of construction agreement to bid on the reasonable cost of performing the Tenant Improvement Work pursuant to the Approved Construction Drawings (defined below). If Landlord determines that a particular bidder has submitted a bid that is wholly or partially unresponsive to Landlord’s bid package requirements and inquiries, then (1) Landlord may disregard such bidder and (2) such bid shall not be taken into consideration for purposes of this Work Letter. After adjustment for inconsistent qualifications, clarifications and exclusions, the lowest of the bidders shall be identified as the “Contractor” and copies of such lowest bid (the “Construction Pricing Proposal”) shall be provided to Tenant. Such Construction Pricing Proposal shall be submitted to Tenant within 10 business days after the Approved Construction Drawings are approved by Landlord and Tenant. Tenant shall provide Landlord with notice approving or disapproving the Construction Pricing Proposal. If Tenant disapproves the Construction Pricing Proposal, Tenant’s notice of disapproval shall be accompanied by proposed revisions to the Approved Construction Drawings and/or the Approved Additional Programming Information that Tenant requests in order to resolve its objections to the Construction Pricing Proposal, and Landlord shall respond as required under Section 2.7 below. Such procedure shall be repeated as necessary until the Construction Pricing Proposal is approved by Tenant; provided, however, that such procedure shall not require Landlord to re-bid the cost of performing the Tenant Improvement Work to any party and instead the Contractor shall just provide a reasonably revised Construction Pricing Proposal. Upon Tenant’s approval of the Construction Pricing Proposal, Landlord may purchase the items set forth in the Construction Pricing Proposal and begin construction relating to such items.
Construction Pricing Proposal. On or before October 17, 2013, Landlord shall provide Tenant with Landlord’s reasonable estimate (for purposes of this Work Letter, the “Construction Pricing Proposal”) of the cost of all TI Allowance Items to be incurred by Tenant in connection with the performance of the Tenant Improvement Work pursuant to the Approved Space Plan. The Construction Pricing Proposal shall be based upon at least two (2) competing qualified bids submitted from subcontractors for each major trade involved in the Tenant Improvement Work except for work affecting the Building’s fire/life-safety system. Tenant shall provide Landlord with notice approving or disapproving the Construction Pricing Proposal. If Tenant disapproves the Construction Pricing Proposal, Tenant’s notice of disapproval shall be accompanied by proposed revisions to the Approved Space Plan that Tenant requests in order to resolve its objections to the Construction Pricing Proposal, and Landlord shall respond as required under Section 2.7 below. Such procedure shall be repeated as necessary until the Construction Pricing Proposal is approved by Tenant. Upon Tenant’s approval of the Construction Pricing Proposal, Landlord may purchase the items set forth in the Construction Pricing Proposal and begin construction relating to such items.
Construction Pricing Proposal. Tenant shall approve the Construction Pricing Proposal pursuant to Section 2.6.1 above on or before Tenant’s Pricing Approval Deadline (defined below). As used in this Work Letter, “Tenant’s Pricing Approval Deadline” means October 18, 2013; provided, however, that Tenant’s Pricing Approval Deadline shall be extended by one (1) business day for each business day, if any, by which Tenant’s approval of the Construction Pricing Proposal pursuant to Section 2.6.1 above is delayed by any failure of Landlord to perform its obligations under this Section 2.