Examples of Approved Schedule in a sentence
The amount of credit to be allowed by the Contractor to the Owner for a deletion or change which results in a net decrease in the Contract Sum shall be the net cost to the Owner, less Overhead, Profit and Documented Costs incurred prior to the change Request, as indicated in the corresponding line item in the Approved Schedule of Values for that line item as confirmed by the Director of Project Management.
Or Forecasted Schedule is over Approved Schedule by greater than 2 months and both less than 6 months and less than 10%.Exceed Limits: Forecasted Cost is over Approved Budget by 10% or more.
Damage, loss, expense or delay incurred or experienced by the Company in the prosecution of the Work by reason of unforeseen circumstances, unanticipated difficulties and obstructions, bad weather, or other mischances that are generally considered to be a part of the usual hazards associated with Work, shall be borne entirely by the Company and shall not be the subject of any claim for additional compensation or change in Approved Schedule.
The Company understands and agrees that damage to material and discrepancy of material is an expected part of performing the Work, and as such, the Company agrees it shall be solely responsible for any additional costs incurred as a result of damaged or discrepant materials, including, but not limited to, the costs to keep or get the Work on the Approved Schedule.
Approved Schedule of Values will be used as basis for reviewing Contractor’s Applications for Payment.
User and User’s Employer shall be responsible and liable for the payment of invoiced amounts per the Approved Schedule even if dates and times are not fully utilized.
Or Forecasted Schedule is over Approved Schedule by greater than 6 months or 10% or more.
Signature By signing below, User and User’s Employer represent that they have read and understand the provisions of this Agreement, and that they agree to use the Equipment in the Facilities for the Research during the Research Period per the Approved Schedule, upon and subject to the provisions hereof.
The Contractor understands and agrees that the rate of progress set forth in the Approved Schedule already allows for ordinary delays incident to the Work.
Exceptions may be made at the Rice GDEC’s discretion if User cancels the Approved Schedule with more than 2 business days prior written notice.