Value Engineering Period definition

Value Engineering Period means the period commencing with the preparation of an initial construction budget by the Contractor and ending upon the Owner's giving Contractor a Notice to Proceed.
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Examples of Value Engineering Period in a sentence

  • Landlord shall, and shall cause its project architect and the General Contractor and Tenant shall and shall cause its architect to use best and most diligent commercially reasonable efforts to respect the basic design of the Tenant Improvements and the materials to be used in construction while addressing the budget concerns of the parties during the Value Engineering Period.

  • The Value Engineering process shall not exceed ten (10) business days (the "Value Engineering Period") from the date of Landlord's request to perform Value Engineering.

  • Landlord shall, and shall cause its project architect and the General Contractor to, use best and most diligent commercially reasonable efforts to respect the basic design of the Base Buildings and the materials to be used in construction while addressing the budget concerns of Landlord during the Value Engineering Period.

  • At the end of the Value Engineering Period, after best and diligent commercially reasonable efforts by the parties, the project's architect, Tenant's architect and the General Contractor to reduce the proposed Tl Costs, the Tenant Improvement Plans (as refined during the Value Engineering Period) shall be deemed to be the "Final TI Plans" and submitted to Tenant for approval.

  • At the end of the Value Engineering Period, after best and diligent commercially reasonable efforts by the parties, the project's architect, Tenant's architect and the General Contractor to reduce the proposed TI Costs, the Tenant Improvement Plans (as refined during the Value Engineering Period) shall be deemed to be the "Final TI Plans" and submitted to Tenant for approval.

  • Any delays resulting from value engineering that occurs outside of the Value Engineering Period shall be deemed a Tenant Delay.

  • The Value Engineering Process shall be accomplished through the good faith efforts of Landlord and Tenant in the thirty (30) day period following the date upon which Landlord delivers the Budget to Tenant (such period, the "Value Engineering Period").