Common use of Cost Compensation Clause in Contracts

Cost Compensation. Upon the DB Contractor’s fulfillment of all applicable requirements of Sections 7.3 and 15, and subject to the limitations contained therein and listed above, the District shall be responsible for, and agrees to Approve Change Orders to compensate the DB Contractor for their (i) additional costs directly attributable to changes in the Work arising from Differing Site Conditions, and (ii) extension of the Completion Deadlines as a result of any delay in the Critical Path affecting the Completion Deadlines.

Appears in 2 contracts

Sources: Design Build Agreement, Design Build Agreement