Common use of Compensation for Extension of Project Time Clause in Contracts

Compensation for Extension of Project Time. 4.1.1 If the CM notifies the Owner and the Contracting Authority not less than 30 days before the date for completion of the Project set in the approved Project Schedule, that the time for completion is reasonably expected to be exceeded by more than 10 percent through no fault of the CM, the CM’s compensation for Services to be rendered during such extended period, shall be negotiated to the mutual reasonable satisfaction of the Contracting Authority, Owner and CM. 4.1.2 If, through such negotiation, the Contracting Authority and Owner agree that the CM shall be paid additional compensation, an amendment to that effect shall be executed in accordance with Section 4.3. 4.1.3 Such amendment shall be executed before the CM renders any Services made necessary by such extension of the time of completion, unless otherwise agreed in writing by the Contracting Authority and Owner.

Compensation for Extension of Project Time. 4.1.1 If the CM notifies the Owner and the Contracting Authority not less than 30 days before the date for completion of the Project set in the approved Project Schedule, that the time for completion is reasonably expected to be exceeded by more than 10 percent through no fault of the CM, the CM’s compensation for Services to be rendered during such extended period, shall be negotiated to the mutual reasonable satisfaction of the Contracting Authority, the Owner and the CM. 4.1.2 If, through such negotiation, the Contracting Authority and Owner agree that the CM shall be paid additional compensation, an amendment to that effect shall be executed in accordance with Section 4.3. 4.1.3 Such amendment shall be executed before the CM renders any Services made necessary by such extension of the time of completion, unless otherwise agreed in writing by the Contracting Authority and the Owner.

Compensation for Extension of Project Time. 4.1.1 5.5.5.1 If the CM notifies the Owner and the Contracting Authority Authority, not less than 30 days before prior to the date time for completion of the Project set in by the approved Project Schedule, that the such time for completion is reasonably expected to be exceeded by more than 10 percent 30 days through no fault of the CM, the CM’s compensation compensation, if any, for Basic Services to be rendered during such extended period, shall be negotiated to the mutual reasonable satisfaction of the Contracting Authority, the Owner and the CM. 4.1.2 5.5.5.2 If, through such negotiation, the Contracting Authority and Owner agree that the CM shall be paid additional compensation, an amendment to that effect shall be executed in accordance with Section 4.3subparagraph 9.6.2. 4.1.3 5.5.5.3 Such amendment shall be executed before the CM renders any Services services made necessary by such extension of the time of completion, unless otherwise agreed in writing by the Contracting Authority and the Owner.