Common use of Reconversion to Lump Sum Clause in Contracts

Reconversion to Lump Sum. If the Contractor subsequently: (a) Recovers all lost time and puts the work back on schedule; and (b) Remedies all breaches of Notices of Non-Compliant Work; and (c) Supplies a proper breakdown and accounting pursuant to any Change Orders utilizing a Force Account; then the sums withheld while either or all of the events existed will be again converted to a lump sum.

Appears in 36 contracts

Samples: Construction Contract, Construction Contract, Construction Contract

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Reconversion to Lump Sum. If the Contractor subsequently: (a) Recovers all lost time and puts the work back on schedule; and (b) Remedies all breaches of Notices of Non-Compliant Work; and (c) Supplies a proper breakdown and accounting pursuant to any Change Orders utilizing a Force Account; then the sums withheld while either or all of the events existed will be again converted to a lump sum.;

Appears in 1 contract

Samples: Design Bid Build Construction Contract

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Reconversion to Lump Sum. If the Contractor subsequently: (a) : Recovers all lost time and puts the work back on schedule; and (b) and Remedies all breaches of Notices of Non-Compliant Work; and (c) and Supplies a proper breakdown and accounting pursuant to any Change Orders utilizing a Force Account; then the sums withheld while either or all of the events existed will be again converted to a lump sum.

Appears in 1 contract

Samples: Construction Contract

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