TIME FOR CONSTRUCTION. THE CONTRACT TIME
TIME FOR CONSTRUCTION. THE CONTRACT TIME
1. After City has awarded each Delivery Order, City shall issue a notice to proceed (NTP) the Work directing Contractor to proceed with the Work on the date indicated in the notice (the "Commencement Date"). The notice to commence Work shall be issued at least ten (10) days prior to the Commencement Date.
2. Contractor shall commence the Work on the Commencement Date, and the Work shall be carried out regularly and without interruption. Contractor shall substantially complete the Work no later than the date established in each Delivery Order or such other date as may be issued by a Change Order (the "Scheduled Completion Date"). The number of calendar days between the effective date of the Contract and the Scheduled Completion Date is the "Contract Time". Contractor shall achieve Final Completion of the Work no later than thirty (30) calendar days after achieving Substantial Completion.
3. Contractor understands that if Substantial Completion for entire project is not attained by the Scheduled Substantial Completion date, City will suffer damages which are difficult to determine and accurately specify. Contractor agrees that if Substantial Completion is not attained by the Scheduled Substantial Completion Date, Contractor shall pay City the amount established in each Delivery Order as liquidated damages for each day that Substantial completion extends beyond the Scheduled Substantial Completion Date.
4. All limitations of time set forth in each Delivery Order are material and time is of the essence of each Delivery Order.
TIME FOR CONSTRUCTION. The Tenant must use all reasonable endeavours to complete construction of the Tenant Works at the Tenant’s expense by the Tenant Works Completion Date.
TIME FOR CONSTRUCTION. The Developer acknowledges that the improvements must be completed and accepted by the City no later than July 3, 2025, in order to be eligible for reimbursement under this Agreement. In no event will the City reimburse the Developer for any expenditure of funds, whether for design, construction, or any other purpose if the expenditure is made by the Developer more than five years following the creation of the District.
TIME FOR CONSTRUCTION. Time is of the essence for both parties. The City has agreed to participate in the funding of the Project through a TIF in order to get this road connection completed as soon as possible. The Developer agrees to have entered into a contract for construction of the Project no later than July 31, 2021. Once a contract for construction of the Project has been entered into, the Developer will have six (6) months to commence construction of the Project. Either of these dates may be extended by mutual agreement of the parties. In no event will the City reimburse the Developer for any expenditure of funds, whether for design, construction, or any other purpose if the expenditure is made by the Developer more than five years following the creation of the District.
TIME FOR CONSTRUCTION. 5.1 The Allottee(s) agrees, undertakes and confirms that to maintain homogeneity of the Project, in terms of standard specifications of the residential units being built in the Project, the Said Plot allotted to the Allottee(s) can be used only for residential purposes and the Allottee(s) hereby undertakes to use and develop the Said Plot for residential purpose only and not for any other purpose whatsoever.
5.2 The Allottee(s) agrees and understands that the Allottee(s) shall complete the construction on the Said Plot and obtain Completion Certificate from the Competent Authority with 4(four) years from the date of offer of possession by the Company and obtain all necessary permissions, sanctions and permits for the same on the Said Plot at the Allottee(s) sole costs and expenses. For this purpose, the Allottee(s) undertakes to abide by all rules, bye-laws, notifications, circulars of the local authorities and shall conform, abide by and adhere to the same at all times.
5.3 In case the Allottee(s) fails to complete the construction on the Said Plot within the stipulated period, the Company shall be entitled to proceed against the Allottee(s) according to the terms and conditions of the Agreement and seek all such remedies against the Allottee(s) in terms of the Agreement and according to law. The Company may, at its sole discretion, extend the period for the aforesaid construction upon the Allottee(s) making payment of the late construction charges @ Rs. 20/- per sq. yards. per month for the first delay of one year. Thereafter, the late construction charges may be increased, if the delay continues beyond a period of 12 (twelve) months. These charges are distinct and separate from the holding charges, payable by the Allottee(s).
5.4 The Allottee(s) undertakes and agrees that the development of the Said Plot and construction on the Said Plot shall be carried out strictly in accordance with the plans/nomenclature prepared by the Company in accordance with the Government Approved Zoning and further undertakes and agrees that the facade (including the elevation style, themes, material finishes, frame, fenestrations and boundary walls etc.) of the building constructed by Allottee(s) on the Said Plot shall be in accordance with the guidelines, if any, provided by the Company to the Allottee(s) in this regard, which shall be scrupulously followed by the Allottee(s).
TIME FOR CONSTRUCTION. (i) The Allottee agrees and understands that the Allottee shall complete the construction on the Said Commercial Plot and obtain certificate from the competent authority within 4 (four) years from the date of offer of possession by the Company. In case the Allottee fails to complete the construction on the Said Commercial Plot within the stipulated period, the Company shall be entitled to proceed against the Allottee according to the terms and conditions of the Agreement and seek all such remedies against the Allottee in terms of the Agreement and according to law. The Company may, at its sole discretion extend the period for the aforesaid construction upon the Allottee making payment of late construction charges @ Rs.100/- per sq. mtr per month for the first delay of one year. Thereafter, the late construction charges may be increased, if the delay continue beyond a period of 12(twelve) months. These charges are distinct and separate from the holding charges, if any, payable by the Allottee.
(ii) The Allottee agrees that the Allottee shall construct the shop-cum-office on the Said Commercial Plot in accordance with the design, plans and specifications provided by the Company and the Allottee shall not have any right to make changes of any nature whatsoever in the same. The Allottee further agrees that the Allottee shall not have any right to change the external façade/exterior of the constructions on the Said Commercial Plot and would not put any sign- board/ name-plate, neon-light, publicity material or advertisement material etc. on the face / facade of the Said Commercial Plot or common areas, except as detailed in the designs / specifications attached herewith as Annexure-III. The Allottee ensures the Company to abide by this condition of the Company and understands and agrees that any deviation from the design, plans and specification, as provided by the Company, may leads to cancellation of allotment and the Company may forfeit the Xxxxxxx Money and Non Refundable Amount and return the balance amount, if any, over and above the Xxxxxxx Money. After such forfeiture, the Allottee shall not have any right, title and interest of any nature in the Said Commercial Plot and the Company shall be free to deal with the same in any manner. Further, the Allottee agrees that the Allottee shall not store any hazardous, combustible goods in the Said Commercial Plot.
TIME FOR CONSTRUCTION. Promptly following the execution of this Lease by Tenant, Landlord shall apply and use its best efforts to obtain the necessary building permits to allow the construction of the Improvements. Promptly following the issuance of the necessary building permits, Landlord shall commence construction in accordance with the plans and specifications and shall attempt to complete construction by August 1, 1979. However, in the event that Landlord is unable to deliver possession of such premises by August 1, 1979, Landlord shall diligently complete construction of the Improvements and deliver possession of the Premises as promptly as is practicable. (See Exhibit D)
TIME FOR CONSTRUCTION. The Allottee agrees and understands that the Allottee shall complete the construction on the Said Plot and obtain certificate from the competent authority within 4 (four) years from the date of offer of possession by the Company. In case the Allottee fails to complete the construction on the Said Plot within the stipulated period, the Company shall be entitled to proceed against the Allottee according to the terms and conditions of the Agreement and seek all such remedies against the Allottee in terms of the Agreement and according to law. The Company may, at its sole discretion, extend the period for the aforesaid construction upon the Allottee making payment of late construction charges @ Rs.50/- per sq. mtr per month for the first delay of one year. Thereafter, the late construction charges may be increased, if the delay continue beyond a period of 12(twelve) months. These charges are distinct and separate from the holding charges, payable by the Allottee.
TIME FOR CONSTRUCTION. THE CONTRACT TIME 22 ARTICLE VII. ADDITIONAL DUTIES AND RESPONSIBILITIES OF DESIGN-BUILDER 26 ARTICLE VIII. CONTRACT PRICE 31 ARTICLE IX. PAYMENT OF THE CONTRACT PRICE 43
