Project Budget Updates Sample Clauses
Project Budget Updates. From time to time, Builder may update the Budget Information and/or Project Budget as actual costs are incurred or projected. From time to time, Owner may request that Builder provide updated Budget Information and/or an updated Project Budget. Builder makes no representation regarding the Budget Information and/or Project Budget and Owner shall bear the risk that the actual costs and expenses exceed the estimated/budgeted costs.
Project Budget Updates. The Contractor shall update the Project Budget, including the cash flows, monthly and whenever information indicates that a significant change in the Project Budget is indicated. This update shall include expenses to date and a comparison to budgeted expenses through the then-current stage of work, forecasted remaining expenses in comparison to remaining budget, and if projected remaining expenses exceed the remaining budget, recommendations for corrective action and/or a change in budget to correct or account for the discrepancy. The Contractor shall provide Client and Remediation Manager a copy of each such update.