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.
Appears in 2 contracts
Sources: Office Lease (Apigee Corp), Office Lease (Apigee Corp)