Limitation on Changes to ICL. A permitted change under Section 12.1 does not necessarily result in an adjustment to the ICL, which will be made only with the PMT’s agreement and as set forth in a Change Order. However, if the ICL is adjusted, the ICL adjustment cannot exceed the product of (a) the ICL Change Order % applicable to a Risk/Reward Team member whose portion of the Work has increased and
Appears in 2 contracts
Limitation on Changes to ICL. A permitted change under Section 12.1 11.1 does not necessarily result in an adjustment to the ICL, which will be made only with the PMT’s agreement and as set forth in a Change Order. However, if the ICL is adjusted, the ICL adjustment cannot exceed the product of of: (a) the ICL Change Order % percentage applicable to a Risk/Reward Team member Member whose portion of the Work has increased andincreased; and (b) the anticipated increase in Chargeable Costs of the Risk/Reward Team Member.
Appears in 2 contracts
Samples: Integrated Project Delivery Agreement, Integrated Project Delivery Agreement
Limitation on Changes to ICL. A permitted change under Section 12.1 does not necessarily result in an adjustment to the ICL, which will be made only with the PMT’s agreement and as set forth in a Change Order. However, if the ICL is adjusted, the ICL adjustment cannot exceed the product of (a) the ICL Change Order % applicable to a Risk/Reward Team member whose portion of the Work has increased andand (b) the anticipated increase in Chargeable Costs of the Risk/Reward Team member.
Appears in 1 contract
Samples: Project Delivery Agreement