Common use of Accomplishment of Work Obligations Ahead of Timeline Clause in Contracts

Accomplishment of Work Obligations Ahead of Timeline. If the work obligations in a Contract Year are accomplished prior to the end of such Contract Year, the DEPARTMENT shall release the bond or other guarantee for that Contract Year upon the request of the RE DEVELOPER and after due validation of such accomplishment. Thereafter, the RE DEVELOPER may immediately undertake any activities that are scheduled for the succeeding Contract Year without need for (i) prior revision of the Work Program, and (ii) posting of another bond or other guarantee: Provided, however, That thirty (30) calendar days before the end of the Contract Year, the RE DEVELOPER shall submit a revised Work Program for the remaining work obligations, with financial commitment per Contract Year; and

Accomplishment of Work Obligations Ahead of Timeline. If the work obligations in a Contract Year are accomplished prior to the end of such Contract Year, the DEPARTMENT shall release the bond or other guarantee for that Contract Year upon the request of the RE DEVELOPER and after due validation of such accomplishment. Thereafter, the RE DEVELOPER may immediately undertake any activities that are scheduled for the succeeding Contract Year without need for (i) prior revision of the Work Program, and (ii) posting of another bond or other guarantee: ; Provided, however, That thirty (30) calendar days before the end of the Contract Year, the RE DEVELOPER shall submit a revised Work Program for the remaining work obligations, with financial commitment per Contract Year; and