Common use of Cost Reviews Clause in Contracts

Cost Reviews. Judicial Council will review a submitted Periodic Cost Estimate to determine whether Design Build Entity is designing the Project consistent with the Target GMP and complying with the Target Value Design approach. Judicial Council reserves the right to reject any Periodic Cost Estimate for failing to comply with either, and direct Design Build Entity to resubmit the Periodic Cost Estimate at Design Build Entity’s sole cost and expense.

Appears in 4 contracts

Samples: Design Build Agreement, Design Build Services Agreement, Design Build Agreement

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