Common use of Cost Savings Clause in Contracts

Cost Savings. If, after City issues the Notice to Proceed to Artist to proceed with fabrication of the Artwork as set forth in EXHIBIT A, City approves any modification of the Artwork Proposal or the Construction Documents (as defined in EXHIBIT A), which results in cost savings such as, but not limited to, the deletion of an element of the Artwork, the substitution of lesser quality, quantity and/or cost materials with no offsetting upgrade of other materials, or the reduction in the Artwork's size, the cost savings attributable to the modification will not be paid to the Artist.

Appears in 4 contracts

Samples: Art Commission Agreement, Art Commission Agreement, Art Commission Agreement

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Cost Savings. If, after City issues the Notice to Proceed to Artist to proceed with fabrication of the Artwork as set forth in EXHIBIT A, City approves any modification of the Artwork Proposal or the Construction Documents (as defined in EXHIBIT A), which results in cost savings such as, but not limited to, the deletion of an element of the Artwork, the substitution of lesser quality, quantity and/or cost materials with no offsetting upgrade of other materials, or the reduction in the Artwork's size, the cost savings attributable to the modification will not be paid to the Artist.

Appears in 2 contracts

Samples: Art Commission Agreement, Art Commission Agreement

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Cost Savings. If, after City issues the Notice to Proceed to Artist directing Artist to proceed with fabrication of the Artwork as set forth in EXHIBIT A, City or VTA approves any modification of the Artwork Proposal or the Construction Documents (as defined in EXHIBIT Exhibit A, Part 11), which results in cost savings such as, but not limited to, the deletion of an element of the Artwork, the substitution of lesser quality, quantity and/or cost materials with no offsetting upgrade of other materials, or the reduction in the Artwork's size, the cost savings attributable to the modification will not be paid to the Artist.

Appears in 1 contract

Samples: Art Commission Agreement

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