Common use of Bidding of Work Clause in Contracts

Bidding of Work. Prior to commencing the Work, Landlord shall competitively bid the Work to three contractors approved by Landlord. If the estimated Total Construction Costs are expected to exceed the Construction Allowance, Tenant shall be allowed to review the submitted bids from such contractors to value engineer any of Tenant’s requested alterations. In such case, Tenant shall notify Landlord of any items in the Working Drawings that Tenant desires to change within five business days after Landlord’s submission thereof to Tenant. If Tenant fails to notify Landlord of its election within such five business day period, Tenant shall be deemed to have approved the bids. Within five business days following Xxxxxxxx’s submission of the initial construction bids to Tenant under the foregoing provisions (if applicable), Tenant shall have completed all of the following items: (a) finalized with Landlord’s representative and the proposed contractor, the pricing of any requested revisions to the bids for the Work, and (b) approved in writing any overage in the Total Construction Costs in excess of the Construction Allowance.

Appears in 1 contract

Samples: Office Lease Agreement (Apollo Endosurgery, Inc.)

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Bidding of Work. Prior to commencing the Work, Landlord shall competitively bid the Work to three contractors approved by LandlordLandlord and Tenant. If the estimated Total Construction Costs are expected to exceed the Construction Allowance, Tenant shall be allowed to review the submitted bids from such contractors to value engineer any of Tenant’s 's requested alterations. In such case, Tenant shall notify Landlord of any items in the Working Drawings that Tenant desires to change within five business days after Landlord’s 's submission thereof to Tenant. If Tenant fails to notify Landlord of its election within such five business day period, Tenant shall be deemed to have approved the bids. Within five business days following XxxxxxxxTenant’s submission approval of the initial construction bids to Tenant under the foregoing provisions (if applicable), Tenant shall have completed all of the following items: (a) finalized with Landlord’s 's representative and the proposed contractor, the pricing of any requested revisions to the bids for the Work, and (b) approved in writing any overage in the Total Construction Costs in excess of the Construction Allowance, failing which each day after such five business day period shall constitute a Tenant Delay Day.

Appears in 1 contract

Samples: Lease Agreement (Taysha Gene Therapies, Inc.)

Bidding of Work. Prior to commencing the Work, Landlord shall competitively bid the Work to three contractors approved by LandlordMetroplex General Contractors, Xxxxx & Xxxx and Xxxx Xxxxxx. If the estimated Total Construction Costs are expected to exceed $20.00 per rentable square foot or 80% of the Construction Allowance, Tenant shall be allowed to review the submitted bids from such contractors to value engineer any of Tenant’s requested alterations. In such case, Tenant shall notify Landlord of any items in the Working Drawings that Tenant desires to change within five two business days after Landlord’s submission thereof to Tenant. If Tenant fails to notify Landlord of its election within such five two business day period, Tenant shall be deemed to have approved the bids. Within five business days following XxxxxxxxLandlord’s submission of the initial construction bids to Tenant under the foregoing provisions (if applicable), Tenant shall have completed all of the following items: (a) finalized with Landlord’s representative and the proposed contractor, the pricing of any requested revisions to the bids for the Work, and (b) approved in writing any overage in the Total Construction Costs in excess of the Construction Allowance, failing which each day after such five business day period shall constitute a Tenant Delay Day.

Appears in 1 contract

Samples: Lease Agreement (Mimecast LTD)

Bidding of Work. Prior to commencing the Work, Landlord shall competitively bid the Work to three contractors approved by Landlord. If the estimated Total Construction Costs are expected to exceed the Construction Allowance, Tenant shall be allowed to review the submitted bids from such contractors to value engineer any of Tenant’s requested alterations. In such case, Tenant shall notify Landlord of any items in the Working Drawings that Tenant desires to change within five two business days after Landlord’s submission thereof to Tenant. If Tenant fails to notify Landlord of its election within such five two business day period, Tenant shall be deemed to have approved the bids. Within five business days following XxxxxxxxLandlord’s submission to Tenant of the initial construction bids to Tenant under the foregoing provisions (if applicable)Tenant, Tenant shall have completed all of the following items: (a) finalized with Landlord’s representative and the proposed contractor, the pricing of any requested revisions to the bids for the Work, and (b) approved in writing any overage in the Total Construction Costs in excess of the Construction Allowance, failing which each day after such five business day period shall constitute a Tenant Delay Day.

Appears in 1 contract

Samples: Lease Agreement (Atx Group Inc)

Bidding of Work. Prior to commencing the Work, Landlord shall competitively bid the Work to three contractors mutually approved by LandlordLandlord and Tenant. If the estimated Total Construction Costs are expected to exceed the Construction Allowance, Tenant shall be allowed to review the submitted bids from such contractors to value engineer any of Tenant’s 's requested alterations. In such case, Tenant shall notify Landlord of any items in the Working Drawings that Tenant desires to change within five (5) business days after Landlord’s 's submission thereof to Tenant. If Tenant fails to notify Landlord of its election within such five (5) business day period, Tenant shall be deemed to have approved the bids. Within five (5) business days following Xxxxxxxx’s Landlord's submission of the initial construction bids to Tenant under the foregoing provisions (if applicable), Tenant shall have completed all of the following items: (a) finalized with Landlord’s 's representative and the proposed contractor, the pricing of any requested revisions to the bids for the Work, and (b) approved in writing any overage in the Total Construction Costs in excess of the Construction Allowance, failing which each day after such five business day period shall constitute a Tenant Delay Day.

Appears in 1 contract

Samples: Lease Agreement (Alco Stores Inc)

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Bidding of Work. Prior to commencing the Work, Landlord shall competitively bid the Work to three contractors approved by Landlord. If the estimated Total Construction Costs are expected to exceed the Construction Allowance, and Tenant shall be allowed to review the submitted bids from such contractors to value engineer any of Tenant’s requested alterations. In such case, Tenant shall notify Landlord of any items in the Working Drawings that Tenant desires to change within five two business days after Landlord’s submission thereof to Tenant. If Tenant fails to notify Landlord of its election within such five two business day period, Tenant shall be deemed to have approved the bids. Within five business days following Xxxxxxxx’s submission of the initial construction bids to Tenant under the foregoing provisions (if applicable), Tenant shall have completed all of the following items: (a) finalized with Landlord’s representative and the proposed contractor, the pricing of any requested revisions to the bids for the Work, and (b) approved in writing any overage in the Total Construction Costs in excess of the Doc#: US1:15707591v2 Construction AllowanceAllowance (hereinafter defined), failing which each day after such five business day period shall constitute a Tenant Delay Day.

Appears in 1 contract

Samples: Lease Agreement (Rocket Companies, Inc.)

Bidding of Work. Prior to commencing the Work, Landlord shall competitively bid the Work to three contractors approved by LandlordLandlord in its reasonable discretion (which shall include Balfour Xxxxxx). If the estimated Total Construction Costs are expected to exceed the Construction Allowance, Tenant shall be allowed to review the submitted bids from such contractors to value engineer any of Tenant’s requested alterations. In such case, Tenant shall notify Landlord of any items in the Working Drawings that Tenant desires to change within five six business days after Landlord’s submission thereof to Tenant. If Tenant fails to notify Landlord of its election within such five six business day period, Tenant shall be deemed to have approved the bids. Within five six business days following XxxxxxxxLandlord’s submission of the initial construction bids to Tenant under the foregoing provisions (if applicable), Tenant shall have completed all of the following items: (a) finalized with Landlord’s representative and the proposed contractor, the pricing of any requested revisions to the bids for the Work, and (b) approved in writing any overage in the Total Construction Costs in excess of the Second Expansion Construction Allowance, failing which, each day after such three business day period shall constitute a Tenant Delay Day. After Tenant has approved the bids, Landlord and Tenant shall mutually agree (each acting reasonably and in good faith) on one of the three contractors’ bids and Landlord shall enter into a firm fixed price contract with that party within three business days following the parties’ selection, and that contractor shall commence work within five business days following the execution of that agreement and issuance of a permit from the City of Austin.

Appears in 1 contract

Samples: RetailMeNot, Inc.

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