UNFINISHED ITEMS Sample Clauses
The "UNFINISHED ITEMS" clause defines how incomplete work or deliverables are handled at the end of a contract or project. Typically, this clause outlines the responsibilities of the parties regarding items that remain unfinished, such as whether the contractor must complete them, provide a timeline for completion, or transfer partially completed work to the client. It may also address payment adjustments or retention of funds until the items are finished. The core function of this clause is to ensure clarity and accountability for outstanding tasks, preventing disputes over incomplete work and establishing a clear process for their resolution.
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UNFINISHED ITEMS. Upon Substantial Completion of the Work, the Town shall pay the Contractor the unpaid balance of the Cost of the Work, General Conditions Costs and the Construction Fee, less a sum equal to the Contractor’s estimated cost of completing any unfinished items as agreed to between the Town and the Contractor as to extent and time for completion. The Town thereafter shall pay the Contractor monthly the amount retained for unfinished items as each item is completed.
UNFINISHED ITEMS. In the event that the Residence shall not be fully completed on or before closing, the same shall not be deemed an objection to closing provided the lending institution is willing to close and fund the mortgage commitment. The Residence shall be deemed complete upon the issuance of a Certificate of Occupancy. If any items or work or supply of materials are then incomplete, the Seller agrees to give and the Purchaser agrees to accept a written statement setting forth the items that need completion or repair (“Punch List”). Seller shall further provide a statement setting forth the date by which the Punch List is to be completed. The Punch List and written statement shall survive the delivery of the deed. At closing, there will not be an escrow fund deposited by Seller with regard to the Punch List.
UNFINISHED ITEMS. Upon Substantial Completion of the Work, the City shall pay the Job Order Contractor the unpaid balance of the Cost of the Work, General Conditions Costs and the Construction Fee, less a sum equal to the Job Order Contractor’s estimated cost of completing any unfinished items as agreed to between the City and the Job Order Contractor as to extent and time for completion. The City thereafter shall pay the Job Order Contractor monthly the amount retained for unfinished items as each item is completed.
UNFINISHED ITEMS. Upon Substantial Completion of the Work, the District shall pay the Construction Manager the unpaid balance of the Cost of the Work, General Conditions Costs and the Construction Fee, less a sum equal to the Construction Manager’s estimated cost of completing any unfinished items as agreed to between the District and the Construction Manager as to extent and time for completion. The District thereafter shall pay the Construction Manager monthly the amount retained for unfinished items as each item is completed.
UNFINISHED ITEMS i. Career Path in tertiary level Education