Examples of NTP1 in a sentence
The Contractor fails to promptly begin the Work under the Contract Documents following issuance of NTP1.
After negotiations, the Company made adhoc payment of Rs.2.50 crore1 as a goodwill gesture in 2005-06.
Notwithstanding anything to the contrary contained herein, if a termination occurs prior to issuance of NTP2, the total amount payable to the Contractor shall in no event exceed the NTP1 Payment Cap.
If CDOT has not issued NTP1 as described in Section 4.2.1, the Contractor may seek to negotiate a Change Order including an extension in the time allowed to CDOT for issuance of NTP1 and an increase in the Contract Price mutually acceptable to the Contractor and CDOT.
In the event of any suspension of Work by CDOT, after issuance of NTP1, for more than 180 consecutive days, the Contractor shall have the right to consider the Contract to have been terminated for convenience under this Section 15.
If the Contractor performs any Work in excess of the NTP1 Payment Cap, it does so at its own risk.
Unless Approved by CDOT, all Activities must have at least one predecessor and one successor, except for the NTP1 (no predecessor) and Final Acceptance (no successor).
CDOT will not issue NTP1 until CDOT has Accepted DBE Commitments from the Contractor sufficient to achieve the DBE Design Goal for Contract Year 1 as Approved by CDOT in the SDBPP for Contract Year 1, or the Contractor has demonstrated sufficient good faith efforts to meet the DBE Design Goal for Contract Year 1.
For Contract Year 1, the DBE Design Goal Utilization Plan shall be submitted concurrently with the SDBPP and no later than 30 Calendar Days prior to the issuance of NTP1.
CDOT will not issue NTP1 until CDOT has Accepted ESB Commitments from the Contractor sufficient to achieve the ESB Goal for Contract Year 1 as Approved by CDOT in the SDBPP for Contract Year 1, or the Contractor has demonstrated sufficient good faith efforts to meet the ESB Goal for Contract Year 1.