Common use of NOTICE OF OVERRUNS AND DELAYS Clause in Contracts

NOTICE OF OVERRUNS AND DELAYS. The Contractor shall promptly give written notice to the Trust representative of the occurrence of an event or action, the discovery of a condition or the failure of an event or action to occur or a condition to exist as anticipated, that may result in an increase in (a) the compensation due Contractor; (b) reimbursable expenses and/or; (c) the number of hours necessary to perform the work or which may delay completion of the work (or extend the completion date). For purposes of this provision, “promptly” shall mean as soon as possible but in no event more than (3) business days after Contractor’s discovery of the occurrence, condition or failure which gives rise to the subject increase and/or delay.

NOTICE OF OVERRUNS AND DELAYS. The Contractor shall promptly give written notice to the Trust representative of the occurrence of an event or action, the discovery of a condition or the failure of an event or action to occur or a condition to exist as anticipated, that may result in an increase in (a) the compensation due to the Contractor; (b) reimbursable expenses and/or; (c) the number of hours necessary to perform the work or which may delay completion of the work (or extend the completion date). For purposes of this provision, “promptly” shall mean as soon as possible but in no event more than (3) business days after Contractor’s discovery of the occurrence, condition or failure which gives rise to the subject increase and/or delay.