Common use of Review and Evaluation of Developer’s Estimate Clause in Contracts

Review and Evaluation of Developer’s Estimate. 10.4.1 As soon as practicable after the Authority receives the Developer’s Estimate, Developer shall meet with the Authority to review, discuss and agree on the Developer’s Estimate. During such discussions, the Authority may modify the Authority Change Request, and may require Developer to seek and evaluate competitive tenders for the relevant capital works in connection with such Authority Change, as applicable. In each case Developer shall, within fifteen (15) Business Days or such longer period as may be mutually agreed to by the Parties, after receipt of such modification, notify the Authority of any consequential changes to the Developer’s Estimate.

Appears in 4 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

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