Examples of Extra Costs in a sentence
Unless otherwise shown in the Policy Schedule, claims will be settled on the basis of Reinstatement or Replacement and Extra Costs, as follows.
If Contractor notes any Work which it believes may be eligible for additional compensation or extra time, Contractor shall obtain Thornton’s Representative’s initials and date on the relevant section of the Daily Site Report prior to submission to Thornton and shall immediately follow the procedures described in the Contract under Changed or Extra Work, Claims for Extra Costs, and/or requests for an extension of the Contract Time.
The Insured shall not be bound to reinstate any destroyed building but may, at its option, purchase an existing building or buildings to replace the destroyed building, limited to the cost that would have been incurred if the destroyed building had been reinstated in accordance with clause (a) of the definition of ‘reinstatement’ including the Extra Costs of Reinstatement which would have been payable under the Policy in respect in such reinstatement.
Basis of settlement of claims Unless otherwise shown in the Policy Schedule, claims will be settled on the basis of Reinstatement or Replacement and Extra Costs, as follows.
Extra Costs will be invoiced as and when incurred or as a minimum on a four weekly basis.