Common use of Development Work Control Report Clause in Contracts

Development Work Control Report. The Development Work Control Report shall include an updated Project Development Schedule, and a comparison of the amount of actual costs incurred as of the effective date of such report to the budgeted costs as of such date, shown on a line item basis using the same categories or line items set forth in the applicable Development Budget. The Development Work Control Report shall also include information with respect to the status of claims, contractor defaults, Force Majeure events or other such problems encountered during the Development Period, and shall otherwise be in a form and contain types of information satisfactory to Owner. Any written reports received by Developer from the Contractor, Architect or the Specialists or Consultants shall be shared with Owner upon Owner's written request.