COMPENSATION TO CONTRACTOR FOR SUSPENSION. 17.2.1 In the event of a suspension by Owner pursuant to Section 17.1.1, Owner shall issue a Change Order to (a) compensate Contractor for the additional Direct Costs, Contractor’s G&A and the Contractor’s Margin attributable solely to a suspension of items of Work that are documented by Contractor to the satisfaction of Owner and the Independent Engineer; (b) adjust the Target Price to reflect such additional amounts; and (c) adjust the Project Schedule for any delay in the Contractor’s performance of any Critical Path activities, which, in each case, was actually and demonstrably caused by such suspension. 17.2.2 All claims by Contractor for compensation under this Section 17.2 must be made monthly during the Suspension Period and within forty-five (45) Days after the end of the Suspension Period, or Contractor shall be deemed to have waived its rights for compensation with respect thereto. Amounts payable by Owner under this Article 17 shall be paid to Contractor in accordance with Article 6.
Appears in 4 contracts
Samples: Engineering, Procurement and Construction Agreement (Venture Global, Inc.), Engineering, Procurement and Construction Agreement (Venture Global, Inc.), Engineering, Procurement and Construction Agreement (Venture Global, Inc.)
COMPENSATION TO CONTRACTOR FOR SUSPENSION. 17.2.1 In the event of a suspension by Owner pursuant to Section 17.1.1, Owner shall issue a Change Order to (a) compensate Contractor for the additional Direct Costs, Contractor’s G&A and the Contractor’s Margin directly attributable solely to a suspension of items of Work that are documented by Contractor to the satisfaction of Owner and the Independent Engineer; (b) adjust the Target Price to reflect such additional amounts; and (c) adjust the Project Schedule for any delay in the Contractor’s performance of any Critical Path activities, which, in each case, was actually and demonstrably caused by such suspension.
17.2.2 All claims by Contractor for compensation under this Section 17.2 must be made monthly during the Suspension Period and within forty-five (45) Days after the end of the Suspension Period, or Contractor shall be deemed to have waived its rights for compensation with respect thereto. Amounts payable by Owner under this Article 17 shall be paid to Contractor in accordance with Article 6.
Appears in 3 contracts
Samples: Engineering, Procurement and Construction Agreement (Venture Global, Inc.), Engineering, Procurement and Construction Agreement (Venture Global, Inc.), Engineering, Procurement and Construction Agreement (Venture Global, Inc.)
