Limitation on Payments. For terminations pursuant to Article 5.3.2 and 5.3.3, the Contract Sum shall be deemed earned only to the extent of an amount that bears to the total Contract Sum the same ratio that the Work in place at the time of termination bears to the total Work, as reasonably determined by the Design Professional, and approved by the Owner.
Appears in 46 contracts
Samples: Construction Contract, Construction Contract, Construction Contract
Limitation on Payments. For terminations pursuant to Article 5.3.2 and 5.3.3, the Contract Sum shall be deemed earned only to the extent of an amount that bears to the total Contract Sum the same ratio that the Work in place at the time of termination bears to the total Work, as reasonably determined by the Design Professional, and approved by the Owner.place
Appears in 29 contracts
Samples: Design Bid Build Construction Contract, Design Bid Build Construction Contract, Design Bid Build Construction Contract
Limitation on Payments. For terminations pursuant to Article Section 5.3.2 and 5.3.3, the Contract Sum shall be deemed earned only to the extent of an amount that bears to the total Contract Sum the same ratio that the Work in place at the time of termination bears to the total Work, as reasonably determined by the Design Professional, and approved by the Owner.
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