Common use of Delay Costs Clause in Contracts

Delay Costs. In the event the Developer is delayed in the performance of the critical path activities of the Work by any act, omission, interference or neglect by the Owner, then the Developer shall be permitted an adjustment in the Contract Sum for any additional job site costs actually incurred as a result of the delay to the critical path activities of the Work if: (a) the act, omission or interference continues for more than five (5) days after Xxxxxxxxx’s written notice to Owner of such act, omission or interference; (b) the effect of all such acts, omissions or interferences, in the aggregate, on the Project’s completion exceeds ten percent (10%) of the original time for allotted for Final Completion of the Work under this Agreement; and (c) the Developer provides such written verification of the Developer’s Allowable Costs as defined in Paragraph 5.6.

Appears in 4 contracts

Samples: Owner Developer Agreement, Parking Operating Agreement, Joinder Agreement, Stadium License Agreement, Owner Developer Agreement, Parking Operating Agreement, Joinder Agreement

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