FINAL MEASUREMENTS Clause Samples
The FINAL MEASUREMENTS clause establishes the process for determining the actual quantities of work completed at the end of a construction project. Typically, this involves a joint inspection or measurement by both the contractor and the owner (or their representatives) to verify the precise amounts of materials used or work performed, which may differ from initial estimates. This clause ensures that payments or adjustments are based on accurate, agreed-upon figures, thereby preventing disputes and ensuring fair compensation for the work delivered.
FINAL MEASUREMENTS. Final measurements, on unit price contracts, shall be made by the Owner, and the Contractor shall at his own expense provide help and other assistance as may be required for making same.
FINAL MEASUREMENTS. Following Substantial Completion of the Interior Improvements and prior to the Closing Date, SELLER will cause the Architect - Shell Improvements to certify the Rentable Square Feet within the Building to confirm compliance with the restriction in subsection 3.2.2 above. If BUYER disputes such certification, BUYER shall notify SELLER in writing within ten (10) days of BUYER's receipt of such certification. In such event, SELLER and BUYER shall submit any such dispute for decision by Arbitration. Notwithstanding the submission of such dispute to Arbitration, BUYER and SELLER shall proceed with the Close of Escrow based on the determination of the Architect-Shell Improvements and any adjustment resulting from a different determination in an Arbitration shall be made within thirty (30) days from the receipt of the Arbitration award. In addition, SELLER shall cause the Architects to deliver as-built plans of the Improvements to SELLER and BUYER no later than sixty (60) days following the issuance of the Certificate of Substantial Completion.