Monthly Construction Progress Reports Clause Samples
The Monthly Construction Progress Reports clause requires the contractor to provide regular updates on the status of construction work, typically on a monthly basis. These reports usually include information such as completed tasks, current progress against the project schedule, any delays or issues encountered, and forecasts for upcoming work. By mandating these periodic reports, the clause ensures that the project owner remains informed about the project's development, enabling timely decision-making and facilitating early identification and resolution of potential problems.
Monthly Construction Progress Reports. Prior to Commercial Operation of the Second Unit, no later than thirty (30) days following the end of each month:
(i) an unredacted copy of the Borrower’s monthly construction status report filed with the Georgia PSC (the “Georgia PSC Monthly Status Report”) with respect to such month; provided, however, that if the Borrower determines that such unredacted copy contains confidential trade secret and proprietary information of the EPC Contractor, then (A) such unredacted copy shall be provided via the Restricted Data Site, and (B) a copy that redacts only the confidential trade secret and proprietary information of the EPC Contractor shall be provided to DOE and shall also be provided to the Lender’s Engineer in hard copy format; provided further that the redacted copy delivered pursuant to clause (B) shall contain a level of substantive information with respect to the Project that is substantially consistent with the level of substantive information contained in such Georgia PSC Monthly Status Reports delivered to DOE prior to the Guarantee Issuance Date;
(ii) an unredacted copy of the EPC Contractor’s monthly project status report delivered to the Borrower pursuant to Section 3.4(b) (Monthly Status Report) of the EPC Contract (the “EPC Contractor Monthly Report”) with respect to such month, which copy shall be provided via the Restricted Data Site;
(iii) a copy of the Operator’s monthly project report in the form delivered to the Owners (the “Southern Nuclear Monthly Report”) with respect to such month; provided, however, that if the Borrower determines that such copy contains confidential trade secret and proprietary information of the EPC Contractor, then such copy shall be provided via the Restricted Data Site;
(iv) a copy of the written materials delivered by the Owners’ Agent to the Owners (other than the Borrower) in connection with any monthly project management board meeting, including any reports provided to the Owners pursuant to Section 5.7(c) of the Ownership Agreement (such written materials, the “Project Management Board Monthly Meeting Materials” and, together with the EPC Contractor Monthly Report, the Southern Nuclear Monthly Report and the Georgia PSC Monthly Status Report, the “Monthly Construction Reports”), with respect to such month; provided, however, that if the Borrower determines that such copy contains confidential trade secret and proprietary information of the EPC Contractor, then such copy shall be provided via the Restricted...
Monthly Construction Progress Reports. (i) Within five days after the end of each month prior to the Project Completion Date, the Borrower shall deliver to the Lenders’ Engineer a Construction Progress Report; and
(ii) The Borrower acknowledges that within 30 days after the end of each month prior to the Project Completion Date, the Lenders’ Engineer will deliver to the Loan Servicer a separate report on construction progress;
Monthly Construction Progress Reports. Purpose: Approach:
1. Status of contractor’s schedule and what the contractor is doing to maintain or catch up if the schedule has slipped. While the focus will be on critical path items, other items that might become critical will be discussed in the report.
2. Construction and construction manager’s costs incurred for the month.
3. Cash flow projections for both the contractor and Construction manager.
4. Identify actual and potential problems associated with the construction project and consult with the City’s PM and design engineer.
Monthly Construction Progress Reports. Prior to Commercial Operation of the Second Unit, no later than thirty (30) days following the end of each month:
(i) Intentionally Omitted;