Settlement Proposal. Within 90 days after receipt of a Notice of Termination for Convenience or Notice of Partial Termination for Convenience, DB Contractor shall submit a final termination settlement proposal to TxDOT in the form and with the certification prescribed by TxDOT. DB Contractor’s termination settlement proposal shall then be reviewed by TxDOT and acted upon, returned with comments, or rejected. If DB Contractor fails to submit the proposal within the time allowed, TxDOT may determine, on the basis of information available, the amount, if any, due DB Contractor because of the termination, shall pay DB Contractor the amount so determined and shall be bound by TxDOT’s determination.
Appears in 5 contracts
Sources: Design Build Agreement, Design Build Contract, Design Build Contract