Common use of Review and Evaluation of the Development Entity’s Estimate Clause in Contracts

Review and Evaluation of the Development Entity’s Estimate. (a) As soon as practicable after the Department receives the Development Entity’s Estimate, the Development Entity shall meet with the Department to review, discuss and agree on the Development Entity’s Estimate. During such discussions, the Department may modify the Department Change Request, and may (to the extent practicable, given the nature of the Extra Work) require the Development Entity to seek and evaluate competitive tenders for the relevant capital works in connection with such Department Change, as applicable. In each case the Development Entity shall, within fifteen (15) Business Days or such longer period as may be mutually agreed to by the Parties, after receipt of such modification, notify the Department of any consequential changes to the Development Entity’s Estimate.

Appears in 5 contracts

Samples: Agreement, Transportation Partnership Agreement, Partnership Agreement

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