Examples of Payment and Values Schedule in a sentence
Representatives of Concessionaire and Contractor shall determine the Contract Sum amount referred to in clause (i) above in accordance with the Payment and Values Schedule, and Contractor shall document in detail the costs claimed under clause (ii) above to Concessionaire’s reasonable satisfaction and shall supply Concessionaire with copies of the Subcontractor invoices covering amounts claimed under clause (iii) above.
The notice of the respective meetings and detailed agenda are communicated in advance to the Directors in order to give them sufficient time to go through the papers for constructive discussion at the meeting.
Representatives of Concessionaire and Contractor shall determine the Contract Sum amount in accordance with the Payment and Values Schedule.
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Concessionaire’s Project Manager shall have the authority to (a) issue Concessionaire’s instructions and other communications to Contractor, (b) determine achievement of milestones under the Payment and Values Schedule, (c) issue Concessionaire’s determination regarding Substantial Completion, Final Acceptance, the Contractor’s Punch List and the Concessionaire’s Punch List, and (d) execute Proposal Requests and Scope Change Orders.
If Concessionaire approves Contractor’s Change Order Proposal, Concessionaire will issue and Contractor will execute and accept a written Scope Change Order in the form attached to this Agreement as Exhibit G, and the Contract Sum, the Payment and Values Schedule, the Guaranteed Substantial Completion Date and any other appropriate changes in the Contract Documents shall be adjusted as set forth in such Scope Change Order.
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The Concessionaire may order Scope Changes to the DB Work, in which event, as more specifically set forth in Section 14.05(b), one or more of the Contract Sum, the Payment and Values Schedule, the Project Schedule, the Scheduled Substantial Completion Dates and the Long Stop Date shall be adjusted accordingly, if necessary, as agreed by the Concessionaire and the DB Contractor.
The adjustment, if any, to the Scheduled Substantial Completion Dates, the Project Schedule and the Payment and Values Schedule specified in any Change Order Proposal shall be limited to the delays to the Critical Path directly attributable to and necessarily incurred as a result of the proposed Scope Change.
In the event of a suspension of the TTMS Work pursuant to this Section 15.1.1, Concessionaire will authorize a Scope Change Order or, at its option, a Work Order if appropriate, making required adjustments to one or more of the Xxxx Ex Guaranteed Final Completion Date, the Contract Sum or the Payment and Values Schedule, and such other adjustments as are appropriate, with any disputes being resolved pursuant to the dispute resolution process set forth in Article 19.