Common use of Acknowledgement of Delays, Costs, and Other Impacts Clause in Contracts

Acknowledgement of Delays, Costs, and Other Impacts. The parties acknowledge that delays, costs, and other impacts may be caused by, or arise from, any number of events or causes during the performance of the Work. Accordingly, if Design-Builder requests and is paid the No Excuses Incentive Payment, Design-Builder acknowledges and agrees that it shall be solely responsible for all delays, costs, and any other impacts experienced or incurred by Design- Builder that were not previously identified and covered by Work Order at the time Design- Builder requests the No Excuses Incentive Payment.