Common use of Claims for Additional Cost or Time Clause in Contracts

Claims for Additional Cost or Time. 16.1 Limitation on and Operation of Design/Builder Claims. .1 Design/Builder and Owner understand and agree that the Fixed Contract Price cannot increase, unless Owner specifically orders a Change to the Project pursuant to Article 15 of this Agreement, or unless Design/Builder encounters a condition or situation within the risk assumed by the Owner under Paragraph 9.2 of this Agreement. In the event Design/Builder believes it is entitled to make claims to increase the Fixed Contract Price or to extend the Contract Time, such claims must be made in strict compliance with this Article 16. .2 The procedures of this Article relating to claims of the Design/Builder are understood to be a construction management tool of Owner. The use of the term “claim” in this Article does not constitute an error, omission, or inappropriate conduct by either party.

Appears in 5 contracts

Samples: Design Build Agreement, Design Build Agreement, Design Build Agreement

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