DevelopmentPeriod Clause Samples
The Development Period clause defines the specific timeframe during which a project or product must be developed according to the agreement. It typically outlines the start and end dates for development activities, and may include milestones or deadlines for deliverables within that period. By clearly establishing these temporal boundaries, the clause ensures that both parties have a mutual understanding of the schedule, helping to manage expectations and reduce the risk of disputes over delays or incomplete work.
DevelopmentPeriod. The Contractor may commence pre-construction activities like utility shifting, boundary wall construction or any other activity assigned to the Contractor by the Authority to enable construction of the Project Highway immediately after signing of the Agreement, to the extent that such work is ready for execution. The Parties agree that these works may be taken up and completed to the extent feasible by the Contractor, before declaration of the Appointed Date, but no claim against the Authority for delay shall survive during this period and that the undertaking of these works by the Contractor shall not count towards the Scheduled Construction Period of the project which starts counting only from the Appointed Date. No construction activity of the Project Highway shall be undertaken during the developmentperiod.