Common use of Final Offer Clause in Contracts

Final Offer. If the Parties fail to reach agreement on the terms of any change in the Work, including any adjustment in the Contract Sum or Guaranteed Completion Date(s), Design-Builder, at any time, may request in writing a final offer from Owner. Owner shall provide its written response within thirty (30) days of Design-Builder’s request. Owner also may provide Design-Builder with a final offer at any time. If Design-Builder rejects Owner’s final offer, or the Parties are unable to reach agreement, Design-Builder’s only remedy shall be to file a Claim in accordance with this Article 11.

Appears in 7 contracts

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

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