Common use of OPTION EFFECTIVE DATE Clause in Contracts

OPTION EFFECTIVE DATE. The effective date of this option letter is upon approval of the State Controller or delegate. Xxxxx X. Xxxxx, Governor By: Date: Executive Director, Colorado Department of Transportation A. Cost of Work Estimate *The Local Agency should not begin work until all three of the following are in place: 1) Phase Performance Period Start Date; 2) The execution of the document encumbering funds for the respective phase; and

OPTION EFFECTIVE DATE. The effective date of this option letter is upon approval of the State Controller or delegate. Xxxxx Xxxx X. XxxxxXxxxxxxxxxxx, Governor By: Date: Executive Director, Colorado Department of Transportation A. Cost of Work Estimate *The Local Agency should not begin work until all three of the following are in place: : 1) Phase Performance Period Start Date; 2) The the execution of the document encumbering funds for the respective phase; andand 3) Local Agency receipt of the official Notice to Proceed. Any work performed before these three milestones are achieved will not be reimbursable.

OPTION EFFECTIVE DATE. The effective date of this option letter is upon approval of the State Controller or delegate. Xxxxx Xxxx X. XxxxxXxxxxxxxxxxx, Governor By: Date: Executive Director, Colorado Department of TransportationTransportation By: Date: A. Cost of Work Estimate *The Local Agency should not begin work until all three of the following are in place: : 1) Phase Performance Period Start Date; 2) The the execution of the document encumbering funds for the respective phase; andand 3) Local Agency receipt of the official Notice to Proceed. Any work performed before these three milestones are achieved will not be reimbursable.