Common use of Construction Expenditures Clause in Contracts

Construction Expenditures. For all expenditures related to construction projects detailed in Attachment A, the following terms shall apply: i. Per the contingent approval by the SLIB, the Grantee shall require the ii. The Grantee shall include in the general contractor’s contract either (1) the language of the Completion Date Guarantee, or (2) a provision requiring the general contractor to include the language of the Completion Date Guarantee in every subcontractor’s contract. If the Grantee is unable to secure a contract satisfying this provision, OSLI shall not disburse any funds related to construction projects. iii. As conditions for disbursing funds to the Grantee, the Grantee agrees: a. To make arrangements for appropriate professional supervision and management of the Project. b. To provide to the OSLI all project plans and specifications. c. To establish payment schedules providing that all work shall be completed prior to December 15, 2020. d. That OSLI is not responsible or liable for compliance with construction schedules or completion dates. e. That the Grantee shall be solely responsible for its compliance with all applicable state statutes, including but not limited to, state statutes regarding local preferences, procurement, accounting, and contractor retainage accounts. f. That OSLI is not responsible for construction supervision or management. g. To provide the OSLI with access to all information on all aspects of the project and make available for inspection such documents and reports on the progress of the work and on the results of tests of materials and workmanship or other information as may be requested by the OSLI. h. That in no event shall OSLI, SLIB, or the State of Wyoming be responsible for any project costs incurred after December 15, 2020. iv. Prior to ordering a change to the project, the Grantee shall submit proposed changes to OSLI for review. OSLI shall have a minimum of five (5) business days to review the proposed change. Upon written approval of the OSLI, the Grantee shall execute an amendment or change order to affected