Material shortages. In the event of an industry shortage of certain material to be used by MEG hereunder, which results in a temporary increase in the cost of such material and/or an imposed allocation of supply, then MEG agrees as follows:
Material shortages. Upon the submission of satisfactory proof to the Owner or Engineer by the Contractor, shortages of material may be acceptable as grounds for granting a time extension. In order that such proof may be satisfactory and acceptable to the Owner or Engineer, it must be demonstrated by the Contractor that the Contractor has made every effort to obtain such materials from all known sources within reasonable reach of the proposed Work. Only the physical shortage of material, caused by unusual circumstances, will be considered under these provisions as a cause for extension of time, and no consideration will be given to any claim that material could not be obtained at a reasonable, practical, or economical cost or price, unless it is shown to the satisfaction of the Owner that such material could have been obtained only at exorbitant prices entirely out of line with current rates, taking into account the quantities involved and usual practices in obtaining such quantities. A time extension for shortage of material will not be considered for material ordered or delivered late or whose availability is affected by virtue of the mishandling of procurement. The above provisions apply equally to equipment to be installed in the work. ”No such extension shall be made for delay occurring more than seven (7) days before claim therefor is made in writing to the Owner, or to the Engineer, if there is one. In the case of a continuing cause of delay, only one claim is necessary.
