Common use of Limitation on Changes to ICL Clause in Contracts

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

Samples: Agreement, Integrated Project Delivery Agreement

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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

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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

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