NO EQUITABLE ADJUSTMENT Sample Clauses
The "No Equitable Adjustment" clause establishes that the parties agree not to seek changes in contract price, schedule, or other terms due to unforeseen circumstances or events not explicitly covered in the contract. In practice, this means that if unexpected costs or delays arise, the affected party cannot request additional compensation or time extensions unless the contract specifically allows for such adjustments. This clause serves to allocate risk by making each party responsible for managing their own unforeseen costs, thereby providing certainty and predictability in contract performance and administration.
NO EQUITABLE ADJUSTMENT. Design-Builder’s remedies are limited to those remedies specified herein. To the fullest extent permitted by law, Design-Builder agrees that it is not entitled nor will it seek equitable adjustment of any of the terms of this Contract including but not limited to Contract time and compensation. This provision shall take precedence over any conflicting Contract provisions.