Cost Determination and Payment of Betterments Sample Clauses

Cost Determination and Payment of Betterments. Upon written notification by City that it desires to pursue a Betterment, Authority shall obtain a cost proposal from the D/B Contractor for such Betterment in accordance with the terms of the D/B Contract. Authority shall provide City with a detailed written cost proposal and schedule for the Betterment, including a draft Work Order for the performance of such Betterment, based upon the obtained prices from the D/B Contractor. Concurrently with obtaining the cost proposal from the D/B Contractor, Authority shall perform an independent assessment of the cost of the Betterment and consult with City on its independent assessment upon delivery of the cost proposal for the Betterment. Authority shall work in good faith to assist City in negotiating a reasonable cost for the performance of the Betterment; provided, however, that City shall have 20 Days from receipt of the cost proposal and independent assessment consultation to approve a final cost estimate for the Betterment in writing, as may be extended by mutual agreement. Each Party agrees and understands that the final determination and approval of any Betterment may be subject to approval by the City's City Council, by Authority’s Board of Directors and, in the event of a material change to the Project, by Metro's Board of Directors. In the event City is unable or otherwise fails to agree to the cost of a Betterment in writing within the 20 Day period (as may be extended), then City shall be deemed to have disapproved the performance of the Betterment and Authority shall not be required to cause the Betterment to be performed. Authority shall not be deemed to have acted in bad faith for failing to extend the 20 Day City approval period of a Betterment or any additional extension thereof. If City is unable to agree on a lump sum price for the performance of a Betterment, then during the 20 Day City approval period, City may request that the Betterment be performed on a time and materials basis. Authority, in its sole discretion, may approve or disapprove City’s request to pay for a Betterment on a time and materials basis. Authority shall not instruct the D/B Contractor (or otherwise issue a Work Order) to perform any Betterment until such time as City has specifically approved in writing the cost and payment obligations for such Betterment. City shall reimburse the Authority for all Costs associated with the independent assessment and negotiations with respect to determining the price for a Betterment. C...
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Related to Cost Determination and Payment of Betterments

  • Salary Rate Calculation and Payment The biweekly salary rate of employees serving on twelve (12) month (calendar year) appointments shall be calculated by dividing the calendar year salary rate by 26.1 pay periods.

  • Compensation and Payment 3.1 Contractor’s fees shall be calculated at the rates set forth in the attached Exhibit

  • Compensation and Payment Terms A. Subject to the satisfactory performance of the services required of Contractor pursuant to this Agreement, and to the terms and conditions set forth in this Agreement, and following Contractor’s submission of an appropriate claim, and such other documentation that the County may require, County shall pay Contractor according to the terms set forth in Exhibit C, Terms of Payment. Contractor agrees to accept the foregoing payments as full and complete payment for all services provided pursuant to this Agreement, irrespective of whether the cost of such services and related administrative expenses exceed such payments.

  • COMPENSATION AND PAYMENTS 1.1 The Owner shall pay the Contractor to furnish all labor, equipment, materials and incidentals necessary for the construction of the Work described in the Specifications and shown on the Drawings the Contract Amount as shown below. Base Bid $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Total Contract Amount $0.00

  • Costs and Payments During the period that Sprint PCS is curing a breach or operating the Service Area Network under this Section 11.6.3, Sprint PCS and Manager will continue to make any and all payments due to the other party and to third parties under this agreement, the Services Agreement and any other agreements to which such party is bound, except that Sprint PCS may deduct from its payments to Manager all reasonable costs and expenses incurred by Sprint PCS in connection with the exercise of its right under this Section 11.6.3. Sprint PCS' operation of the Service Area Network pursuant to this Section 11.6.3 is not a substitution for Manager's performance of its obligations under this agreement and does not relieve Manager of its other obligations under this agreement.

  • Consideration and Payment The purchase price for the sale of the Purchased Assets sold to the Purchaser on the Closing Date shall equal the estimated fair market value of the Purchased Assets. Such purchase price shall be paid in cash to Santander Consumer in an amount agreed to between Santander Consumer and the Purchaser, and, to the extent not paid in cash by the Purchaser, shall be paid by a capital contribution by Santander Consumer of an undivided interest in such Purchased Assets that increases its equity interest in the Purchaser in an amount equal to the excess of the estimated fair market value of the Purchased Assets over the amount of cash paid by the Purchaser to Santander Consumer.

  • COSTS AND PAYMENT The payment by AT&T of Project Management Drivers is full compensation for Contractor providing Program Management Services to AT&T.

  • CERTIFICATION OF INDEPENDENT PRICE DETERMINATION By submission of this bid, the Bidder certifies, and in the case of a joint bid each party thereto certifies as to its own organization, that in connection with this procurement:

  • Structural Adjustment 1. Exceptional measures of limited duration which derogate from the provisions of Article 4 may be taken by the Parties in the form of increased customs duties.

  • ALLOWABLE COSTS AND PAYMENTS A. The method of payment for this contract will be based on actual cost plus a fixed fee. COUNTY will reimburse CONSULTANT for actual costs (including labor costs, employee benefits, travel, equipment rental costs, overhead and other direct costs) incurred by CONSULTANT in performance of the work. CONSULTANT will not be reimbursed for actual costs that exceed the estimated wage rates, employee benefits, travel, equipment rental, overhead, and other estimated costs set forth in the approved CONSULTANT’S COST PROPOSAL as referenced and defined in Exhibit “C”, unless additional reimbursement is provided for by contract amendment. In no event, will CONSULTANT be reimbursed for overhead costs at a rate that exceeds COUNTY’s approved overhead rate set forth in the COST PROPOSAL. In the event, that COUNTY determines that a change to the work from that specified in the COST PROPOSAL and AGREEMENT is required, the AGREEMENT time or actual costs reimbursable by COUNTY shall be adjusted by written agreement or task order to accommodate the changed work. The maximum total cost as specified in Paragraph “H” shall not be exceeded, unless authorized by written agreement.

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