Examples of Pricing Amendment in a sentence
The Oregon BOLI Prevailing Wage Rates applicable to this Project are the rates in effect at the time the contract enters the construction phase through the execution of the first Pricing Amendment for Early Work, Lump Sum or Guaranteed Maximum Price (GMP).
If the contractor has not allocated an identifying number to the amendment, then the contractor should enter ‘not applicable’ or ‘N/A’.Latest Pricing Amendment – MOD Reference IDEnter the identifying number the MOD has allocated to the pricing amendment.
If the contract did not become a QDC or QSC by reason of an amendment and there has been no other pricing amendment, this field and the next two fields should be left blank in the initial reports.Latest Pricing Amendment – Contractor Reference IDEnter the identifying number you have allocated to the pricing amendment.
If Owner approves a Final Design Deliverable in accordance with Section 5.10 above, Design-Builder shall prepare Pricing Amendment Documents, which shall include Work that shall be priced, scheduled, and included in the Contract Documents, as an Alternate, and Work that shall be priced, scheduled, and included in the Contract Documents, as an Allowance.
Design-Builder and Owner may enter into one or more Early Work Amendment identifying specific Work that shall be performed prior to a Pricing Amendment that includes such Work, subject to a not-to-exceed budget and price.
Design-Builder shall bear, without Owner’s reimbursement, all costs in excess of (a) the Preliminary Services Sum and (b) each applicable Pricing Amendment Sum.
Prior to entering into a Pricing Amendment for a Deliverable Portion of Work, information Design-Builder submits to Owner Parties and Owner’s decisions, shall be to facilitate the Services and shall not be deemed to modify the Project Criteria unless Owner and Design-Builder enter into a change in accordance with Article 10 of the General Conditions.
After Owner approves a Pricing Amendment, Design- Builder shall update and distribute with the Progress Report its approved Construction Schedule for that Work.
Design-Builder shall use the final Estimated Project Sum to prepare for Owner Parties a detailed Project budget, including an Estimated Pricing Amendment Sum for each Deliverable Portion of Work, in accordance with this Agreement, and on the dates set forth in the Project Schedule.
Design-Builder shall prepare separate Applications for Payment for the Work of each Deliverable Portion of Work executed, in accordance with Article 6 of the General Conditions, and this Section 7.5. Owner shall make progress payments on account of the applicable Pricing Amendment Sum as provided below and elsewhere in the Contract Documents.