Declaration by Design-Build Entity Sample Clauses

Declaration by Design-Build Entity. If a Declaration of Sufficiency of Funds has not been submitted by Design-Build Entity as part of its Post-Award Submittals, then it must be submitted prior to Award. In executing the Design-Build Contract, Design-Build Entity warrants and represents that all of the statements contained in its Declaration of Sufficiency of Funds, all of which are incorporated herein by this reference, remain true and correct as of the date of execution of the Design-Build Contract and may be relied upon by District in determining whether there appears to be sufficient funds in the Design-Build Entity’s Contract Sum to allow the Design-Build Entity to comply with all Applicable Laws governing the labor or services to be provided for the performance of the Work. The truth and accuracy of the statements contained in said Declaration and in this Paragraph 3.21.2 constitute a material part of the Design-Build Entity’s consideration for, and a material inducement to the District’s entering into, the Design-Build Contract.