Construction Commencement definition
Examples of Construction Commencement in a sentence
The Project Schedule shall include a scheduled Construction Commencement Date and Project Substantial Completion Date, which dates shall accommodate known or reasonably anticipated geographic, atmospheric and weather conditions.
After the establishment of the GMP, if the final cost estimates make the PROJECT no longer reasonably feasible from the standpoint of the Owner, Owner shall provide written notice to CM of termination prior the Construction Commencement Date.
Schedule for Construction: Commencement of the Work: Substantial Completion: Other schedule requirements shall be as set forth in the schedule submitted to City by Tenant.
The Parties agree that the sum of the amounts fixed as Construction Commencement Liquidated Damages and Substantial Completion Liquidated Damages (“Delay Liquidated Damages”) are fair and reasonable, considering the damages that Owner would sustain in the described event, and that these amounts are agreed upon and fixed as liquidated damages because of the difficulty of ascertaining the exact amount of damages that would be sustained.
This paragraph does not delay the Agreement's effectiveness but acts as a subsequent condition that the Seller must start building the Condominium before the Construction Commencement Milestone Deadline.