Common use of Eighty Percent Notification Clause in Contracts

Eighty Percent Notification. Consultant shall promptly notify Authority in writing of any potential cost overruns. Cost overruns include, but are not limited to the following: (1) where anticipated costs to be incurred in the next sixty calendar days, when added to all costs previously incurred, will exceed 80 percent of the maximum compensation for this Agreement; or (2) where the total cost for performance of the Scope of Services appears that it may be greater than the maximum compensation for this Agreement.

Appears in 5 contracts

Samples: Consultant Services Agreement, Consultant Services Agreement, Consultant Services Agreement

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