Common use of Phasing of Development Clause in Contracts

Phasing of Development. Owner and Builder hereby agree that to minimize the financial risk to Owner, Builder shall develop the Project in phases, with a phase typically (but not limited to) approximately ten (10) to twenty (20) Homes (a "Phase" herein). Accordingly, Builder shall submit all budgets and schedules required pursuant to this Agreement on a Phase-By-Phase basis. Budgets and schedules shall set forth Builder's estimates of the proper allocation to particular phases of those items which impact more than one phase of the project.

Phasing of Development. Owner and Builder hereby agree that to minimize the financial risk to Owner, Builder shall develop the Project in phases, with a phase typically (but not limited to) approximately ten (10) to twenty (20) Homes (a "Phase" herein). Accordingly, Builder shall submit all budgets and schedules required pursuant to this Agreement on a Phase-Byby-Phase basis. Budgets and schedules shall set forth Builder's estimates of the proper allocation to particular phases of those items which impact more than one phase of the projectProject.