Correction and Removal of Defective Work. Contractor shall, at its own expense, provide all materials and labor to correct any defects in the Work, materials or equipment supplied by Contractor (together with any damage to all finishes, fixtures, equipment and personal property damaged as a result of such defects) in a manner reasonably satisfactory to Owner. Contractor shall begin all corrective work necessary to cure any defect in the Work, materials or equipment supplied by Contractor within three (3) calendar days after receiving written notice from Owner; provided, however, that any defect related to plumbing, heating, electrical, and roofing shall be completed immediately after the notice to repair if Contractor is performing such type of work or supplying appurtenant equipment (e.g., HVAC). Contractor shall diligently prosecute all corrective work to completion. Contractor shall report to Owner in writing all action Contractor took to remedy the defective Work, materials or equipment and shall obtain the Owner's signature acknowledging its satisfaction of the corrective work. If any defect is not satisfactorily remedied in the above specified time, or if Owner elects (in its sole discretion) to remedy the defect, Owner may, at its election remedy such defect. If Owner remedies a defect for Contractor, Contractor shall pay to Owner the costs of all corrective work plus interest at the Default Rate from the date the corrective work is completed until the correction costs are paid by Contractor.
Appears in 26 contracts
Samples: Construction Management Services Agreement (Steadfast Income REIT, Inc.), Construction Management Services Agreement (Steadfast Apartment REIT III, Inc.), Construction Management Services Agreement (Steadfast Apartment REIT III, Inc.)
Correction and Removal of Defective Work. Contractor shall, at its own expense, provide all materials and labor to correct any defects in the Work, materials or equipment supplied by Contractor (together with any damage to all finishes, fixtures, equipment and personal property damaged as a result of such defects) in a manner reasonably satisfactory to Owner. Contractor shall begin all corrective work necessary to cure any defect in the Work, materials or equipment supplied by Contractor within three (3) calendar days after receiving written notice from Owner; provided, however, that any defect related to plumbing, heating, electrical, and roofing shall be completed immediately after the notice to repair if Contractor is performing such type of work or supplying appurtenant equipment (e.g., HVAC). Contractor shall diligently prosecute all corrective work to completion. Contractor shall report to Owner in writing all action Contractor took to remedy the defective Work, materials or equipment and shall obtain the Owner's signature acknowledging its satisfaction of the corrective work. If any defect is not satisfactorily remedied in the above specified time, or if Owner elects (in its sole discretion) to remedy the defect, Owner may, at its election remedy such defect. If Owner remedies a defect for Contractor, Contractor shall pay to Owner the costs of all corrective work plus interest at the Default Rate from the date the corrective work is completed until the correction costs are paid by Contractor. 8.
Appears in 2 contracts
Samples: Construction Management Services Agreement, Construction Management Services Agreement
Correction and Removal of Defective Work. Contractor Subcontractor shall, at its own expense, provide all materials and labor to correct any defects in the Work, materials or equipment supplied by Contractor Subcontractor (together with any damage to all finishes, fixtures, equipment and personal property damaged damage as a result of such defects) in a manner reasonably satisfactory to OwnerBuilder. Contractor Subcontractor shall begin all corrective work necessary to cure any defect in the Work, materials or equipment supplied by Contractor Subcontractor within three (3) calendar days after receiving written notice from OwnerBuilder; provided, however, that any defect related to plumbing, heating, electrical, and roofing shall be completed immediately after the notice to repair if Contractor Subcontractor is performing such type of work or supplying appurtenant equipment (e.g., HVAC)equipment. Contractor Subcontractor shall diligently prosecute all corrective work to completion. Contractor Subcontractor shall report to Owner Builder in writing all action Contractor Subcontractor took to remedy the defective Work, materials or equipment and shall obtain the Owner's Builder’s signature acknowledging its satisfaction of the corrective work. If any defect is not satisfactorily remedied in the above specified time, or if Owner elects (in its sole discretion) to remedy the defect, Owner Builder may, at its election election, remedy such defect. If Owner Builder remedies a defect for ContractorSubcontractor, Contractor Subcontractor shall pay to Owner Builder the costs of all corrective work plus interest at the Default Rate from the date the corrective work is completed until the correction costs are paid by ContractorSubcontractor.
Appears in 1 contract
Samples: Subcontract Agreement