Examples of Design-build contract in a sentence
Routine non- material change orders, deviations and waivers in the ordinary course of business under the Design-Build Contract and O&M Contracts will not require TxDOT’s prior written approval except to the extent otherwise provided in the NTTA Tolling Services Agreement, but Developer shall assure that the same are consistent with the CDA Documents and do not adversely affect Developer’s ability to carry out its duties under the CDA Documents.
The parties agree that, based on the formula set forth in this Section 7.03B(c)(iii), and based on the Initial Xxxx Ex Design-Build Contract Price received by the Concessionaire on October 16, 2018, the result of such computation is that the Concessionaire shall pay to the Department (the “Xxxx Ex Design-Build Price Protection Benefit”) $54,375,000 on the earlier of (a) the Xxxx Ex Additional Financial Close Date and (b) October 31, 2019.
In connection to the Original Project, if the Concessionaire does not achieve Final Acceptance by the Final Acceptance Deadline, the Department will be entitled to assess $5,000 as liquidated damages for each Day that Final Acceptance of the Project remains to be achieved following the expiration of the Final Acceptance Deadline, and the Concessionaire will cause any related liquidated damages payable by the Design-Build Contractor under the Design-Build Contract.
Except as provided in Section 8.02(c), (d), or (e) with respect to the Early Work, 395 Early Work, or Xxxx Ex Early Work, the Concessionaire will submit to the Department accurate and complete copies of all Design Documentation and Construction Documentation relating to the Work, which is required to be submitted, within three Days after such documentation is delivered to the Concessionaire by the Design-Build Contractor under the Design-Build Contract.
The Concessionaire will cause any related liquidated damages payable by the Design-Build Contractor under the Design-Build Contract to be paid to the Department; provided that the Concessionaire’s overall liability for liquidated damages relating to Section 8.10(a) and (b) shall in no event exceed $5,110,000.