Acceleration Costs Sample Clauses
The Acceleration Costs clause defines the financial responsibilities and procedures when a project schedule is expedited beyond the original timeline. Typically, this clause outlines what constitutes acceleration, how additional costs are calculated, and under what circumstances the contractor may be entitled to compensation for speeding up work, such as when the client requests earlier completion. Its core function is to ensure that both parties understand how extra costs due to accelerated work will be handled, thereby preventing disputes and clarifying risk allocation if the project timeline changes.
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Acceleration Costs. Subject to the limitations stated in this Paragraph, costs incurred or charged by Design-Builder to accelerate the performance of Work by a Trade Contractor so as to achieve final completion of such work in advance of the time stated for same in the applicable Trade Contract. Costs incurred under this paragraph shall be within the discretion of the Design-Builder. However, if significant acceleration is required, Design-Builder will advise Owner prior to incurring significant acceleration costs.
Acceleration Costs. Subject to the limitations stated in this Paragraph, costs incurred or charged by CM/GC to accelerate the performance of Work by a Trade Contractor so as to achieve final completion of such work in advance of the time stated for same in the applicable Trade Contract. Costs incurred under this paragraph shall be within the discretion of the CM/GC. However, if significant acceleration is required, CM/GC will advise Owner prior to incurring significant acceleration costs.
Acceleration Costs. Contractor may use the Allocation for acceleration costs pursuant to Section 5.4.4 and the measures specified in Section 3.12.6(d) of this Agreement but only when no entitlement to an adjustment to the Substantial Completion Date and/or the Incentive Benchmark exists. Contractor’s use of the Allocation for acceleration costs is limited to [*****] in the aggregate (except that any costs of acceleration recovered by Contractor from insurance, sureties, Subcontractors, suppliers or others will be credited to the Allocation and the [*****].
Acceleration Costs. Tenant acknowledges and agrees that, at the request of Tenant, Landlord incurred additional costs to accelerate the Rent Commencement Date from the originally contemplated Rent Commencement Date of June 1, 2013. Landlord and Tenant agree that those costs are $190,991.00 (the “Acceleration Costs”).
Acceleration Costs. Costs incurred or charged by CMGC to accelerate the performance of Work by a Trade Contractor so as to achieve final completion of such work in advance of the time stated for same in the applicable Trade Contract. Costs incurred under this paragraph shall be subject to Owner’s prior approval and may not be incurred by the CMGC to mitigate a negative Float balance.