Change Estimate and Change Order Confirmation Sample Clauses

Change Estimate and Change Order Confirmation. (a) If Design-Builder has not previously done so, Design-Builder shall, as soon as practicable, and in any event not more than 15 Business Days after the issuance of the Change Directive or such longer period as the Parties acting reasonably mutually agree, provide a Change Estimate to the City prepared in accordance with, and meeting the requirements of, Section 2.3 [Change Estimate Requirements]; (b) as soon as practicable and, in any event, not more than 15 Business Days after the City receives a Change Estimate, Design-Builder and the City shall discuss and seek to agree on the Change Estimate, including any adjustment to Design-Builder’s Construction Schedule, Key Dates, the Payments or the Target Lane Closure Cost, the Target Transit Impact Cost, or the Target Tree Compensation Cost; (c) as soon as practicable and, in any event, not more than 15 Business Days (unless an extension is agreed to by Design-Builder, acting reasonably) after the date the Change Estimate was agreed to, the City shall issue a Change Order Confirmation; (d) as soon as practicable after the City has issued the Change Order Confirmation: (i) the Parties shall do all acts and execute all documents necessary to implement the Change; (ii) if applicable, the Construction Schedule and Key Dates will be adjusted in accordance with the terms of the Change Order Confirmation; (iii) if applicable, the City shall pay Design-Builder for the Change in accordance with the terms of the Change Order Confirmation; and (iv) if applicable, the Target Lane Closure Cost, the Target Transit Impact Cost, or the Target Tree Compensation Cost will be adjusted in accordance with the terms of the Change Order Confirmation; and (e) pending issuance of the Change Order Confirmation, the value of the work performed by Design-Builder pursuant to the Change Directive that is not the subject of a Dispute will be invoiced by Design-Builder and will be paid by the City in accordance with Section 5.4 [Payment Due Dates for Proper Invoice] of Schedule 16 [Payment Mechanism], as applicable, and all such amounts paid will be accounted for in determining the costs under Section 4 [Valuation of Changes].
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Related to Change Estimate and Change Order Confirmation

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