Pre-Construction Duties Clause Samples
The Pre-Construction Duties clause outlines the responsibilities and obligations that parties must fulfill before actual construction work begins on a project. Typically, this includes tasks such as obtaining necessary permits, conducting site surveys, finalizing design documents, and ensuring that all regulatory requirements are met. By clearly defining these preparatory steps, the clause helps prevent delays and misunderstandings, ensuring that the project can proceed smoothly once construction commences.
Pre-Construction Duties. The initial objectives of the parties are to prepare a general development plan for the Project, cause the preparation of plans and specifications for the Project, and formulate a budget for the Project.
(a) Developer has submitted to Owner for approval a development plan (the “Development Plan”) for the Project setting forth a description of the proposed improvements to be included in the Project, the schedule for preparation of the plans and specifications for the Project, and the proposed parameters of agreements with architectural, engineering, consulting, and general contracting firms. Attached hereto as Exhibit B is a listing of the plans that comprise the Final Development Plan for the Project, the New Hotel Facilities and Corporate Apartments Project, and the Residential Condominium Project, all of which have been approved by Owner (together with such changes expressly permitted pursuant to this Agreement, the “Final Development Plan”) for the Project (such approval not to be unreasonably withheld or delayed so long as the Final Development Plan is consistent with the conceptual Development Plan.
(b) Developer has submitted to Owner for approval a budget (the “Development Budget”) for the Project setting forth the hard costs, soft costs, and other expenditures anticipated to be incurred in connection with the Project. Attached hereto as Exhibit C is the final Development Budget (together with such changes expressly permitted pursuant to this Agreement, the “Final Development Budget”) for the Project (such approval not to be unreasonably withheld or delayed so long as the Final Development Budget is consistent with the conceptual Development Budget attached hereto as Exhibit C). The Final Development Budget shall be consistent with AIA Form G702 with a schedule of values based on standard Construction Specification Institute divisions, categories and subcategories.
(c) Developer shall submit to Owner for approval a Project schedule (the “Project Schedule”) for the Project setting forth a timeline of construction activities in connection with the Project. Attached hereto as Exhibit G is a conceptual Project Schedule that has been approved by Owner. Based upon the conceptual Project Schedule attached hereto as Exhibit G, Developer shall with reasonable promptness, but in no event later than ninety (90) days after the Effective Date hereof, prepare and obtain Owner’s written approval of a final Project Schedule (together with such changes expressly per...
Pre-Construction Duties. The initial objectives of the parties are to prepare a general development plan for the Project, cause the preparation of plans and specifications for the Project, and formulate a budget for the Project.
(a) Developer has prepared and obtained Owner’s written approval of a final Development Plan (the “Final Development Plan”) for the Project.
(b) Developer has submitted to Owner for approval a development budget (the “Development Budget”) for the Project setting forth the hard costs, soft costs, allocated land acquisition costs and other expenditures anticipated to be incurred in connection with developing the Project. Developer has prepared and obtained Owner’s written approval of a final Development Budget (the “Final Development Budget”, together with the Final Development Plan, the “Plan and Budget”) for the Project.
(c) Developer has made recommendations to Owner with respect to the size and configuration of the Project, future growth, permanent financing options, marketing, project execution (architect, contractors, consultants), special requirements and conditions.
(d) Developer has developed and finalized operating pro forma income and expense statements for the Project and compute return on investment and other relative indicators to help determine permanent financing and ownership strategies.
(e) Developer has prepared and compiled data for the Project, including without limitation, site information, income and expense statements, schedules, drawings and renderings. Such items have been provided to Owner’s Board of Directors (the “Board”).
Pre-Construction Duties. The initial objectives of the parties are to prepare a general development plan for the Project, cause the preparation of plans and specifications for the Project, and formulate a budget for the Project.
(a) Attached hereto as EXHIBIT B is a preliminary plat for the Project that has been approved by Owner (the "PLAT"). Developer shall be responsible for obtaining final approval of the Plat from the City of Dallas.
(b) Attached hereto as EXHIBIT C is a development budget for the Project that has been approved by Owner (the "DEVELOPMENT BUDGET").
(c) Developer shall prepare and compile all necessary data for the construction of the Project, including without limitation, site information, schedules, drawings and renderings. Such items shall be delivered to Owner upon request.