Bidding and Budgets Sample Clauses

Bidding and Budgets. Landlord shall cause Landlord’s Contractor to solicit bids from not less than three (3) subcontractors for each major trade working on the Tenant Improvements (except for the trades of approved Design-Build Subcontractors, which shall have been previously selected pursuant to the provisions of Section 2(e) above and except for the Demolition Work). When Landlord’s Contractor has received responses to its bid request, Landlord’s Contractor will analyze the same and provide Tenant’s Representative with a copy of Landlord’s Contractor’s bid analysis (including copies of the actual subcontractor responses), recommended winning bidders and estimated budget for the Tenant Improvements, based upon the selected subcontractors’ bids (including the Design-Build Subcontractors) and including Contractor’s Charge (as defined above), the estimated cost of General Conditions, and a reasonable contingency not to exceed ten percent (10%). Tenant shall have three (3) business days after the receipt of Landlord’s Contractor’s bid analysis to approve or reasonably disapprove Landlord’s Contractor’s selection of subcontractors and Landlord’s Contractor’s estimated budget. Further, if Tenant disapproves of the budget and in order to satisfactorily reduce the cost of the work as shown on the budget the Final Plans must be modified to change the scope of the work or modify finishes or materials indicated on the Final Plans, Tenant shall cause Tenant’s Architect to modify the Final Plans in order to satisfactorily reduce the cost of the work as shown on the budget. Any and all revisions to the Final Plans shall be subject to Landlord’s approval (in accordance with Section 9 below) and at Tenant’s cost. Upon Tenant’s disapproval of any subcontractor bid or the revision of the Final Plans, Landlord shall cause Landlord’s Contractor to promptly prepare and submit to Tenant a revised estimated budget. Tenant shall respond to the revised estimated budget in the manner described above. Any delay in Substantial Completion (as defined below) of the Tenant Improvements resulting from any revision to the Final Plans or the budget shall constitute a Tenant Delay as defined in and subject to Section 11 below. If Tenant fails to raise any objections to the analysis and/or budget within the period(s) described above, Tenant shall be deemed to have approved Landlord’s Contractor’s recommended bid acceptance and proposed budget. Upon approval of the estimated budget and selection of the subcontra...
Sample 1
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Related to Bidding and Budgets

  • Business Plan and Budget As soon as available, but in any event within sixty (60) days after the end of each fiscal year of the Borrower, an annual business plan and budget of the Borrower and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form reasonably satisfactory to the Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a fiscal year basis and, in the case of such forecasted statements of income, on a fiscal quarterly basis for the immediately following fiscal year. As to any information contained in materials furnished pursuant to Section 6.02(f), the Borrower shall not be separately required to furnish such information under Section 6.01(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.01(a) and (b) above at the times specified therein.

  • 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.

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Budget Consulting Engineer/Architect shall advise City if, in its opinion, the amount budgeted for construction is not sufficient to adequately design and construct the improvement as requested.

  • Timeline Contractor must perform the Services and deliver the Deliverables according to the following timeline:

  • Annual Budgets The School shall adopt a budget for each fiscal year, prior to the beginning of the fiscal year. The budget shall be in the Idaho Financial Accounting Reporting Management Systems (IFARMS) format and any other format as may be reasonably requested by the Authorizer.

  • Budgets Borrower shall have delivered, and Lender shall have approved, the Annual Budget for the current Fiscal Year.

  • Business Plan The Lenders shall have received a satisfactory business plan for fiscal years 1999-2006 and a satisfactory written analysis of the business and prospects of the Borrower and its Subsidiaries for the period from the Closing Date through the final maturity of the Term Loans.

  • Timelines a) Timelines may be extended by mutual consent of the parties. b) Working days shall be defined as Monday through Friday excluding statutory holidays. c) Disputes that arise during non-instructional days (Summer Months, Christmas Break, and March Break) will have timelines automatically extended. d) Local grievance timelines will be held in abeyance while the dispute is in the CDRP, in the event that the matter is referred back locally.

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