Right to Verify Change Order Pricing Information Sample Clauses

Right to Verify Change Order Pricing Information. Construction Manager agrees that any designated Owner’s representative will have the right to examine the records of the Construction Manager to verify the accuracy and appropriateness of the documentation used to price Change Order Proposals; provided, however, once pricing is established in a duly executed Change Order and unless otherwise expressly provided therein, such pricing shall not be subject to audit. Construction Manager shall furnish Owner with copies of all Change Orders issued to Subcontractors.
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Right to Verify Change Order Pricing Information. Contractor agrees that City, through its designated representative, will have the right to examine, copy, and scan the records of the Contractor, Subcontractor or Sub-Subcontractor’s records (during the Agreement period and up to three years after final payment is made on the Agreement) to verify the accuracy and appropriateness of the pricing data used to price all Change Order proposals or claims. Contractor agrees that if City determines the cost and pricing data submitted (whether approved or not) was inaccurate, incomplete, not current, or not in compliance with the terms of the Agreement regarding pricing of Change Orders, an appropriate Agreement Price adjustment will be made. Such post-approval Contact Price adjustments will apply to all levels of contractors and Subcontractors and to all types of Change Order proposals, specifically including Fixed Price, Unit Price, and Cost Plus Change Orders.‌
Sample 1
Right to Verify Change Order Pricing Information. Construction Manager agrees that the Owner’s Project Representative will have the right to examine the Construction Manager's records to verify the accuracy and appropriateness of the pricing data used to price Change Order Proposal Requests. Even after a Change Order Proposal Request has been approved, Construction Manager agrees that if the Owner, Owner’s Project Representative, Owner’s accountants or other duly authorized representatives or agents later determines the cost and pricing data submitted was inaccurate, incomplete, not current or not in compliance with the terms of the Agreement regarding pricing of Change Orders; then an appropriate contract price reduction will be made. Any overcharges resulting in the Construction Manager submission of inaccurate, incomplete, outdated or non-compliant cost and pricing data shall be subject to the terms of Article 3, paragraph 3.16.4.
Sample 1

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