Common use of Initial Submission Clause in Contracts

Initial Submission. Unless the Project Schedule (as defined in paragraphs (b), (c), (d) and (e) hereof) has been prepared by the Contractor, approved by Princeton University, and made part of the Contract at the time of its execution, the Contractor shall, within ten (10) days of the Effective Date of the Contract, or such longer period of time approved by Princeton University, prepare and submit to Princeton University for approval a proposed Project Schedule showing how the Contractor proposes to perform the Work and meet any completion or milestone dates required by the Contract Documents. If the Contractor fails to submit a proposed Project Schedule within the time prescribed, Princeton University may withhold payment until the Contractor submits the required proposed Project Schedule. Princeton University’s approval of the Contractor’s proposed Project Schedule shall be in writing and such approval shall not be construed as acceptance of Contractor’s assumptions, calculations of task durations, logic, or any other metrics or methodology thereof, nor shall Princeton’s approval constitute an assumption by Princeton University of any responsibility for the Project Schedule or for any error or inconsistency, which shall be corrected by the Contractor at no additional expense to Princeton University.

Initial Submission. Unless the Project Schedule (as defined in paragraphs subparagraphs (b), (c), (d) and (e) hereof) has been prepared by the Contractor, approved by Princeton University, and made part of the Contract at the time of its execution, the Contractor shall, within ten (10) days of the Effective Date effective date of the Contract, or such longer period of time approved by Princeton University, prepare and submit to Princeton University for approval a proposed Project Schedule showing how the Contractor proposes to perform the Work and meet any completion or milestone dates required by the Contract Documents. If the Contractor fails to submit a proposed Project Schedule within the time prescribed, Princeton University may withhold payment until the Contractor submits the required proposed Project Schedule. Princeton University’s approval of the Contractor’s proposed Project Schedule shall be in writing and such approval shall not be construed as acceptance of Contractor’s assumptions, calculations of task durations, logic, or any other metrics or methodology thereof, nor shall Princeton’s approval constitute an assumption by Princeton University of any responsibility for the Project Schedule or for any error or inconsistency, which shall be corrected by the Contractor at no additional expense to Princeton University.