Phase II Notice definition
Examples of Phase II Notice in a sentence
Upon issuance of the Phase II Notice, Company shall suspend performance of the Company Work pending Company’s receipt of a Notice to Proceed (as defined below) from Customer.
In the event that Customer does not deliver either a Notice to Proceed or a Convenience Termination Notice on or before thirty (30) Days following the date of the Phase II Notice, this Agreement shall be deemed terminated for convenience by Customer.
Promptly following issuance of the Phase II Notice, Customer shall determine whether it wishes to (a) deliver an unconditional written direction to Company to commence and complete performance of the Phase II Portion of the Company Work accompanied by payment in full of the invoiced Phase II Prepayment amount (“Notice to Proceed”) or (b) terminate this Agreement for convenience by delivering a written notice thereof to Company (“Convenience Termination Notice”).
The Director and Engineer shall agree in writing to a Negotiated Lump Sum fee for each Construction Package prior to issuance of the Phase II Notice to Proceed.
The Phase II Notice shall include an invoice for the Phase II Detailed Engineering Prepayment.