Planned Mandatory Projects Sample Clauses
The Planned Mandatory Projects clause defines specific projects that a party is required to undertake as part of an agreement. This clause typically lists or references projects that must be completed within a set timeframe or according to agreed milestones, regardless of changing circumstances or preferences. By clearly identifying these non-optional projects, the clause ensures that both parties understand their obligations and prevents disputes over whether certain work is required, thereby promoting accountability and project completion.
Planned Mandatory Projects. A mandatory project is any project with a total estimated cost in excess of one million dollars ($1,000,000) or such other amount as Owner may establish, including but not limited to any upgrade, replacement, addition or program, which is needed in order to support normal operations in accordance with Prudent Utility Practice or in order to comply with regulatory or safety requirements. The associated schedule and estimated annual funding requirements shall be included.