Unforeseen Project Risks definition

Unforeseen Project Risks means such risks as could not reasonably be foreseen by the Delivery Agent in undertaking the Project in accordance with Clauses 3 and 4.7 and taking into account, any assumptions and risks identified in Appendix 2 by the Delivery Agent in relation to the Project;
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Examples of Unforeseen Project Risks in a sentence

  • Where costs are incurred as a result of Unforeseen Project Risks, or it is believed that they will be incurred, the Delivery Agent must promptly notify the SCPF Steering Group of such a Prospective Change together with the mitigating actions proposed.

Related to Unforeseen Project Risks

  • Unforeseen means not anticipated or expected and occurring after the effective date of coverage.

  • Emergency work means any urgent measures which in the opinion of the Engineer-in-Charge become necessary during the progress of the work to obviate any risk of accident or failure or which become necessary for security.

  • Sustainability Risk means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment.

  • Erosion impact area means an area of land not associated with current land-disturbing activity but subject to persistent soil erosion resulting in the delivery of sediment onto neighboring properties or into state waters. This definition shall not apply to any lot or parcel of land of 10,000 square feet or less used for residential purposes or to shorelines where the erosion results from wave action or other coastal processes.

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.