Overrun. If the Contract Sum is more than the Target Price at a True-Up Date, then the Parties recognize that there is an Overrun (the amount of the Overrun is the Contract Sum minus the Target Price). The amount of the Overrun in excess of [*] shall be charged [*] to Owner and [*] to Contractor.
Appears in 2 contracts
Sources: Engineering, Procurement and Construction Agreement (Public Service Co of New Mexico), Engineering, Procurement and Construction Agreement (PNM Resources Inc)