Examples of Design Contract in a sentence
Confluence also values corporate managers with large personal investments in their companies’ stocks.
The Department shall have no obligation, after assignment of the Design Contract to the Design-Builder, to pay or be responsible in any way for payments to the Architect/Engineer.
The Owner shall provide to the Construction Manager (CM) a copy of the Design Contract between the Owner and Project Designer with fee redactions.
The CM shall acknowledge in writing that he has received a copy of the Design Contract.
As a condition of application, each applicant, if selected for the new project, agrees to carry professional liability insurance in an amount equal to the lesser of $5,000,000 or 10% of the Project’s Fixed Limit Construction Cost, but in no event less than $250,000 per claim in accordance with the Study Contract and Design Contract (i.e., minimum coverage of $250,000 up to $5,000,000 depending on the construction cost).