Construction Monitor Sample Clauses

Construction Monitor. The StadCo Agent shall engage, subject to the approval of the Authority, a Qualified Construction Monitor to serve as the Construction Monitor for the StadCo Agent and the Authority. The Construction Monitor shall monitor the Project Improvements Work from time to time throughout the Project Term. The scope of the monitoring by the Construction Monitor shall include review of progress of work, review of contracts and substantive budget reviews, review of Construction Contract Change Orders, status of approvals and permits, certain matters specified in Section 8.1 hereof, all other matters required of the Construction Monitor under the Construction Funds Trust Agreement. StadCo shall pay prior to delinquency, as a Project Cost, all costs and expenses required to be paid to the Construction Monitor for the Construction Monitor’s providing the reports and services to the Authority required by this Section 3.5(g). Concurrently with the delivery thereof to the StadCo Agent, the Construction Monitor shall deliver to the Authority (and the Authority shall, in turn, provide to the State) all reports, information, and certificates provided by the Construction Monitor to the StadCo Agent under the StadCo Credit Facility. All such reports, information, and certificates shall be certified by the Construction Monitor to the Authority. Notwithstanding anything to the contrary this Agreement, including in this Section 3.5(g), but subject to StadCo’s obligation to comply with Section 8.1 hereof, the Construction Monitor shall not be required to deliver any reporting, information or certificates to the Authority hereunder or under the Construction Funds Trust Agreement, unless delivery thereof to the StadCo Agent is required to be made pursuant to the terms of the StadCo Credit Facility. The Authority shall have the right to Approve the replacement of the Construction Monitor by StadCo Agent; unless the new Construction Monitor appointed by StadCo Agent is a Qualified Construction Monitor with the same scope, duties, and responsibilities as the previous Construction Monitor in which event, the Approval of the Authority shall not be required.

Construction Monitor. The person or company engaged by TMCC for each Construction Project, as identified on the Supplement evidencing such Construction Project.

Construction Monitor. The Company shall engage a Construction Monitor on a consistent basis from the Closing Date until at least one year following the achievement of name-plate Facility performance for a period of at least thirty (30) consecutive days. Such Construction Monitor shall serve for the benefit of the Bondholders to perform the duties outlined below during construction and ramp-up under a written agreement in form and substance acceptable to the Majority Holders: (a) Review all engineering, procurement, and construction contracts essential to completion of construction of the Project and report on construction progress; (b) Attend period project review meetings; (c) Review the progress of design for compliance with the milestone schedule; (d) Review procurement contracts’ overall progress; (e) Conduct periodic monthly on-site visits for observation of the work in progress to determine that the Project is proceeding in general accordance with the milestone schedule and with the agreed-upon design concepts; (f) Monitor technical aspects associated with, and progress towards mechanical completion, substantial completion, and final completion including punchlist; (g) Review Change Orders to any applicable engineering, procurement, and construction contracts, including a determination of the impact of changes to the construction cost and schedule, and on the ability of the Project to meet its performance guarantees; (h) Prepare monthly status reports comparing monthly status reports received by the Construction Monitor to Construction Monitor’s independent observation, which report shall cover the general status of engineering, procurement, construction, and commissioning of the Project versus the milestone construction schedule, the status of the budget versus actual expenditures, status of planned contract expenditures versus actual expenditures, status of Change Orders or claims, and areas of concern and corrective actions being taken of which the Construction Monitor is aware; (i) Review monthly Bond requisitions and supporting documentation required by the Bond Documents and provide the requisite certifications and opinion required of the Construction Monitor in the form of Requisition attached as Exhibit B to the Indenture; (j) Monitor commission activities and development of punchlists and review turnover packages as such packages are accepted by Borrower; (k) Confirm successful completion of performance testing (including environmental testing); (l) Review all su...

Construction Monitor. As of December, units are being sold at prices ranging from Ks320,000 ($212.74) to Ks360,000 ($239.33) per sq ft. Payment terms are negotiable with the sales director. Less than 50% of units have been sold despite sales launching five years ago. Out of 12 penthouse units on the 21st and 22nd floor, 8 units are occupied. No units are left on the sixth floor. The condominium includes five unit types: • Type A – 2,250 sq ft • Type B – 2,050 sq ft • Type C – 1,850 sq ft • Type D – 1,450 sq ft • Penthouse – 2,700 and 2,300 sq ft Besides residential units, the project will feature a F&B and retail area on the first floor, lobby and carpark on the ground floor and swimming pool on the rooftop. 2014 but missed its scheduled completion date of mid-2018. After a number of delays, construction accelerated in 2017 with the structural work complete in November. The project is being implemented by developer Xxxx Xx, architect Xxxxx and project manager A1 Construction. Xxxx Xx Construction registered with the Directorate of Investment and Company Administration in 2014. Little information is publicly available about the company. Local company Spine Architects mainly works on residential, commercial and hospitality projects, with prominent clients including the World Bank, Petronas Myanmar and the US Embassy. A1 Construction is one of the largest construction companies in Myanmar. It was first established in 1990 as a private construction company, and later became part of the A1 Group. It is notably developing the City Loft @ StarCity. Xxxxxx Region Chief Minister U Xxxx Xxx Xxxxx is negotiating with shopkeepers on the Ks16bn ($10.7m) Tamwe market redevelopment, he said in a video broadcast by News Watch. According to the redevelopment plan presented by the Yangon City Development Committee (YCDC) on 9 December, YCDC envisions a seven-storey building with 1.2 hectares of space for vendors and shop owners. The YCDC’s plan would retain the same number of shops on the ground floor, and have shops in the basement, and first and second floors. The third floor would have a library and communications center, the fourth and fifth floors would have parking, and the sixth floor would have a cinema and restaurants. The new market will be a public-private partnership in which a company will own 48% and the YCDC 52%. Shopkeepers, however, have complained about the lack of transparency for the redevelopment. They further said the building would be too narrow, and the shops and walkways...

Construction Monitor. Owner will engage a consultant to serve as the “Construction Monitor” under the Financing Agreement defined in Section 20.26.

Construction Monitor. 6 FinanceCo has engaged an independent engineer to serve as the Construction Monitor for the FinanceCo Agent, the Authority and the County. The Construction Monitor shall monitor the Project Improvements Work from time to time throughout the Project Term. The scope of the monitoring by the Construction Monitor shall include review of progress of work, review of contracts and substantive budget reviews, review of Construction Contract Change Orders, status of approvals and permits, certain matters specified in Section 8.1 hereof, all other matters required of the Construction Monitor under the Construction Funds Trust Agreement, and all matters required of the “independent engineer” under the Act.. Concurrently with the delivery thereof to the FinanceCo Agent, the Construction Monitor shall deliver to the Authority (and the Authority shall, in turn, provide to the County) all reports, information and certificates provided by the Construction Monitor to the FinanceCo Agent under the FinanceCo Credit Facility. All such reports, information and certificates shall be certified by the Construction Monitor to the Authority. Notwithstanding anything to the contrary this Agreement, including in this Section 3.2(h), but subject to StadCo’s obligation to comply with Section 8.1 hereof, the Construction Monitor shall not be required to deliver any reporting, information or certificates to the Authority hereunder or under the Construction Funds Trust Agreement, unless delivery thereof to the FinanceCo Agent is required to be made pursuant to the terms of the FinanceCo Credit Facility.