Extra Cost Sample Clauses
The Extra Cost clause defines the circumstances under which a party may claim additional payment for costs that exceed the original contract price. Typically, this clause outlines the process for notifying the other party of unforeseen expenses, such as changes in project scope, unexpected site conditions, or regulatory changes that increase costs. Its core practical function is to allocate financial risk by providing a clear mechanism for addressing and compensating for unanticipated expenses, thereby reducing disputes over payment and ensuring project continuity.
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Extra Cost. If the Contractor maintains that any instructions by drawings or otherwise involve extra cost to the Owner under this Contract, the Contractor shall give the Owner and the Engineer written notice thereof within a reasonable time after the receipt of such instructions, and in any event before proceeding to execute any change except in emergency endangering life or property. The allowances to the Contractor shall then be as provided under Article 29 of the General Conditions. No claim for extra cost shall be valid unless so made.
Extra Cost. Should the Supplier incur extra cost owing to variation or suspension of the supply of the Goods by the Hirer’s instructions or lack of instructions, delays, over time, unusual hours, mistakes, or work, for which the Supplier is not responsible, a reasonable sum in respect of such extra cost including a reasonable element in respect of profit shall be added to the Hire Charges.
Extra Cost. If any Advance is nominated in any currency other than USD the Banks shall be reimbursed for any extra cost (including indirect costs in respect of reserve requirement) due to such nomination as conclusively determined by the Facility Agent. If an Advance is nominated in GBP such extra costs shall be equal to the Associated Costs Rate.
Extra Cost. Should we incur extra cost owing to variation or suspension of the supply of the Goods by the Customer’s instructions or lack of instructions, delays, over time, unusual hours, mistakes, or work, for which we are not responsible, a reasonable sum in respect of such extra cost including a reasonable element in respect of profit shall be added to Total Annual Premium.
Extra Cost. Transformer On actual Electric meter On actual Generator On actual