Common use of PROJECT FUNDS Clause in Contracts

PROJECT FUNDS. The ARCHITECT/ENGINEER and OWNER understand that sufficient funds have been allocated to complete design services. In consideration of this fact, the ARCHITECT/ENGINEER and OWNER agree that the ARCHITECT/ENGINEER will proceed with BASIC SERVICES for the Project based upon a time schedule that will permit the issuance of bid documents in accordance with the schedule concurred in by the ARCHITECT/ENGINEER and the OWNER.

PROJECT FUNDS. The ARCHITECTArchitect/ENGINEER Engineer and OWNER Owner understand that sufficient funds have been allocated to complete design services. In consideration of this fact, the ARCHITECTArchitect/ENGINEER Engineer and OWNER Owner agree that the ARCHITECTArchitect/ENGINEER Engineer will proceed with BASIC SERVICES Basic Services for the Project based upon a time schedule that will permit the issuance of bid documents in accordance with the schedule concurred in by the ARCHITECTArchitect/ENGINEER Engineer and the OWNEROwner.