Construction Risk definition

Construction Risk. The party specified in the Schedule shall insure against all usual risks in respect of the Works which shall cover any loss of, damage or injury to or in respect of (inter alia) part of or the whole of the Works and any variation or extensions thereto to the extent of their full value.
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Construction Risk means the possibility of adverse impacts on project costs of such factors as design errors, unexpected geological conditions, time and cost overruns and inability to meet technical specifications.
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Examples of Construction Risk in a sentence

  • The District will not issue a Notice to Proceed until Provider has prepared by a qualified individual and obtained approval of the Permit Registration Documents (“PRDs”) that include a Notice of Intent, Construction Risk Calculation, Site Map, SWPPP, Annual Fee and any additional required documents from all applicable Local Governing Agencies including the Regional Water Quality Control Board.

  • At Railroad’s option, in lieu of purchasing RPL insurance (but not CGL insurance), Buyer may pay Railroad a Construction Risk Fee, currently THREE THOUSAND DOLLARS ($3,000), and thereby be relieved of any obligation to purchase said RPL insurance.

  • Provide review for compliance and oversight of the ADP Firm’s Construction Risk Management plan.

  • With a copy to: CALIFORNIA BANK & TRUST 3101 ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ Attention: Construction Risk Manager With a copy to: CALIFORNIA BANK & TRUST 1900 ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Attn: Fran▇ ▇▇▇▇▇ And a copy to: BRYA▇ ▇▇▇▇ ▇▇▇ 2020 ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Attn: Ren R.

  • Tenant shall deliver both resulting schedules of value to Landlord within thirty (30) days following delivery of Landlord’s Construction Risk Notice.

  • The Owner will not issue a Notice to Proceed for construction work until Design-Builder has prepared by a qualified individual and obtained approval of the Permit Registration Documents (“PRDs”) that include a Notice of Intent, Construction Risk Calculation, Site Map, SWPPP, Annual Fee and any additional required documents from all applicable Local Governing Agencies including the Regional Water Quality Control Board.

  • Any sale of the Non-Completed Property pursuant to clause (A) above shall be subject to the approval of the Agent if the Construction Risk Payment with respect thereto is not equal to or greater than the Termination Value with respect to such Non-Completed Property; provided, however, that no withholding of approval by the Agent shall result in the Construction Agent's liability hereunder for any amount in excess of the NonCompletion Amount.

  • Title: Vice President EXHIBIT 2.1A REQUEST FOR ADVANCE EXHIBIT "2.1A" REQUEST FOR ADVANCE Bank One Southern Region Date:_________________________ Construction Risk - Real Estate Loan Administration ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ▇ (TX1-2424) Draw #:_______________________ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ATTN: ___________________________ RE: Borrower Name : HydroChem Industrial Services, Inc.

  • In consideration for the performance of the Initial Non-Fuel Works, the Province shall, subject to the provisions of Schedule 29 – Strategic Infrastructure Investment, and the other provisions of this Project Agreement, pay to Project Co the Strategic Infrastructure Investment, the Additional Construction Risk Amount and the Additional Provincial Investment Amount.

  • The Design-Builder shall prepare by a qualified individual the PRDs that include a Notice of Intent, Construction Risk Calculation, Site Map, SWPPP, Annual Fee and any additional required documents.

Related to Construction Risk

  • Construction Work means any work in connection with⎯

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • construction site means a workplace where construction work is being performed;

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Construction Works means all works and things necessary to complete the Project Facilities in accordance with this Agreement;