Subcontract Buyout Procedure Sample Clauses

Subcontract Buyout Procedure. Contractor will use its best efforts to develop the interest of Subcontractor bidders in the Project. Contractor will consider pre-bid determination of Subcontractor eligibility to the extent permitted by statute and furnish the Owner, Architect, and CM Consultant for their information as part of the submittal of its Subcontract Plan a list of possible eligible Subcontractors, including suppliers who are to furnish materials or equipment fabricated to a special design, from whom proposals will be requested for each principal portion of the Work. Receipt of such list will not require the Owner or Architect to investigate the qualifications of proposed Subcontractors or suppliers, nor will it or the lack of any objection waive the right of the Owner or Architect later to object to or reject any proposed Subcontractor or supplier.