Common use of Schedule Cushion Clause in Contracts

Schedule Cushion. The Schedule Cushion shall be a schedule contingency added to the last activity on the critical path of the Construction Schedule and consisting of thirty (30) days duration. The Schedule Cushion shall be included in the Construction Schedule and for greater certainty the Schedule Cushion shall not extend the Contract Time. The Owner has ownership of the Schedule Cushion and can elect to use it at any time in respect to an Owner initiated Change Order or upon the occurrence of any event of delay which would otherwise grant to the Contractor an extension of Contract Time provided any portion of the Schedule Cushion which has not been used by the Owner prior to the Substantial Performance Date will be given to the Contractor. For greater certainty such utilization shall not result in any right to a claim for an increase in the Cost of the Financing.

Schedule Cushion. The Schedule Cushion shall be a schedule contingency added to the last activity on the critical path of the Construction Schedule and consisting of thirty (30) days duration[DELETED]. The Schedule Cushion shall be included in the Construction Schedule and for greater certainty the Schedule Cushion shall not extend the Contract Time. The Owner has ownership of the Schedule Cushion and can elect to use it at any time in respect to an Owner initiated Change Order or upon the occurrence of any event of delay which would otherwise grant to the Contractor an extension of Contract Time provided any portion of the Schedule Cushion which has not been used by the Owner prior to the Substantial Performance Date will be given to the Contractor. For greater certainty such utilization shall not result in any right to a claim for an increase in the Cost of the Financing.

Schedule Cushion. The Schedule Cushion shall be a schedule contingency added to the last activity on the critical path of the Construction Schedule and consisting of thirty (30) days duration. The Schedule Cushion shall be included in the Construction Schedule and for greater certainty the Schedule Cushion shall not extend the Contract Time. The Owner has ownership of the Schedule Cushion and can elect to use it at any time in respect to of an Owner initiated Change Order or upon the occurrence of any event of delay which would otherwise grant to the Contractor an extension of Contract Time provided any portion of the Schedule Cushion which has not been used by the Owner prior to the Substantial Performance Date will be given to the Contractor. For greater certainty such utilization shall not result in any right to a claim for an increase in the Guaranteed Price, including the Cost of the Work and the Cost of the Financing.