Common use of Project Suspension Clause in Contracts

Project Suspension. 6.3.1 If the Project is suspended or abandoned for more than {NUMBER} consecutive months, and such suspension was not scheduled at the beginning of the Project, as provided under subparagraph 4.2.4, CM shall be compensated for all authorized services performed prior to the receipt of written notice from University of such suspension or abandonment, together with Reimbursable Expenses then due. If the Project is resumed after being suspended for more than {NUMBER} consecutive months, CM's compensation shall be adjusted to compensate CM for any additional costs reasonably incurred as the result of the suspension.

Appears in 6 contracts

Samples: Construction Management Agreement, Construction Management Agreement, Construction Management Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!