Bid and Budget Approval Sample Clauses

Bid and Budget Approval. [NOTE: IF THERE WILL BE NO SUBSTANTIAL SITEWORK LEFT TO DO AFTER CLOSING, BIDDING AND BUDGETING SHOULD BE DELETED, AND DEVELOPER SHOULD SIMPLY BE LIMITED TO PASSING THROUGH REASONABLE COSTS] Developer shall put the Sitework out to open bid to at least three (3) general contractors within five (5) days from the date of this Agreement. All of the general contractors on the bid list shall be approved by Developer and Wal-Mart, which approval shall not be unreasonably withheld. Prior to award, Developer shall submit the low bid (or another bid, which is not the low bid, along with reason(s) why the low bid should not be accepted), in a form that lists the costs and quantities of all items relating to the Sitework (i.e., the unit prices therefor and the number of units required and/or a lump sum price breakdown) to Wal-Mart for approval. Within fifteen (15) days of receipt of such submission, Wal-Mart shall either (a) approve the bid; or (b) disapprove the bid and provide Developer with reason(s) for such disapproval. If Wal-Mart does not respond within such fifteen (15) day period, Wal-Mart shall be deemed to have disapproved the submitted bid. Within ten (10) days after Wal-Mart approval, Developer shall enter into a contract with the low bidder unless some reason for disqualification has occurred, or unless Wal-Mart has approved a bid which was not the low bid in accordance with the foregoing. If Wal-Mart disapproves the bid, Developer and Wal-Mart shall work together to reduce the cost with, if requested by either Developer or Wal-Mart, the work being rebid in the manner set forth above. Attached hereto as Exhibit G and made a part hereof is the parties estimated budget, including Soft Costs, for the construction of the Sitework. Upon approval of the bid by both parties, Developer shall submit a revised budget for the costs, including Soft Costs, associated with construction of the Sitework. Developer and Wal-Mart shall amend this Agreement to incorporate the approved revised budget as a replacement Exhibit G (the “Budget”). Wal- Mart’s approval shall be required of any changes to the Budget which would increase Wal-Mart’s pro rata share of the costs of the Sitework; provided that Wal-Mart shall approve emergency change orders necessary to prevent or xxxxx imminent threats to human health or the environment. Except to the extent otherwise required by applicable law, Wal-Mart shall not incur any responsibility for the cost of changes to the Budget (or other ...
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Related to Bid and Budget Approval

  • New Project Approval Consultant and District recognize that Consultant’s Services may include working on various projects for District. Consultant shall obtain the approval of District prior to the commencement of a new project.

  • Annual Work Plans and Budgets The Recipient shall furnish to the Association as soon as available, but in any case not later than September 1 of each year, the annual work plan and budget for the Project for each subsequent year of Project implementation, of such scope and detail as the Association shall have reasonably requested, except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than one (1) month after the Effective Date.

  • Project Approval The County may issue a Job Order Authorization for the Work, to include the firm-fixed-price of the Job Order and the project duration. Contractor agrees that all clauses of this Contract are applicable to any Job Order issued hereunder. The County reserves the right to reject a Contractor’s Quote based on unjustifiable quantities and/or methods, performance periods, inadequate documentation, or other inconsistencies or deficiencies on the Contractor’s part in the sole opinion of the County. The County reserves the right to issue a unilateral Job Order authorization for the Work if a Quote price cannot be mutually agreed upon. This is based upon unjustifiable quantities in the sole opinion of the County. The County also reserves the right to not issue a Job Order Authorization if the County’s requirement is no longer valid or the project is not funded. In these instances, the Contractor has no right of claim to recover Quote expenses. The County may pursue continuing valid requirements by other means where Contract was not reached with the Contractor.

  • Budget The System Agency allocated share by State Fiscal Year is as follows:

  • ROAD WORK PHASE APPROVAL Purchaser shall obtain written approval from the Contract Administrator upon completion of each of the following phases of road work:  Drainage installation  Subgrade compaction  Rock compaction SUBSECTION RESTRICTIONS

  • Development Plans 4.3.1 For each Licensed Indication and corresponding Licensed Product in the Field, Licensee will prepare and deliver to Licensor a development plan and budget (each a “Development Plan”). The initial Development Plans for each Licensed Indication will be delivered within […***…] after the Grant Date for such Licensed Indication.

  • Development Plan document specifying the work program, schedule, and relevant investments required for the Development and the Production of a Discovery or set of Discoveries of Oil and Gas in the Contract Area, including its abandonment.

  • Regulatory Approval 25.1 The Parties understand and agree that this Agreement and any amendment or modification hereto will be filed with the Commission for approval in accordance with Section 252 of the Act and may thereafter be filed with the FCC. The Parties believe in good faith and agree that the services to be provided under this Agreement are in the public interest. Each Party covenants and agrees to fully support approval of this Agreement by the Commission or the FCC under Section 252 of the Act without modification.

  • City Council Approval It is agreed that this MOU is of no force or affect until ratified by the City Council of the City of Lompoc.

  • Annual Work Plan and Budget 1. The Recipient shall, not later than November 30th of each year, prepare and furnish to the Association an annual work plan and budget (“Annual Work Plan and Budget”) for the Project for the subsequent year, said Annual Work Plan and Budget of such scope and detail as the Association shall have reasonably requested.

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