Common use of Variation Price Request Clause in Contracts

Variation Price Request. At any time prior to the Date of Completion (but without limiting clauses 5.3 and 9.6), the Contractor’s Representative may issue a document titled “Variation Price Request” to the Subcontractor which will set out details of a proposed Variation which the Contractor is considering. The Subcontractor must immediately take all action required under any relevant subsubcontract in relation to each subsubcontractor that would be involved in carrying out the proposed Variation. Within 14 days of the receipt of a Variation Price Request (or such longer period as may be agreed by the Contractor’s Representative) the Subcontractor must provide the Contractor’s Representative with a written notice in which the Subcontractor sets out the: adjustment (if any) to the Subcontract Price to carry out the proposed Variation; and effect (if any) which the proposed Variation will have on the then current program, including each Date for Completion.

Appears in 3 contracts

Samples: Formal Agreement, Formal Agreement, Formal Agreement

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Variation Price Request. At any time prior to the Date of Completion (but without limiting clauses 5.3 and 9.6), the Contractor’s Representative may (subject to the Contractor having complied with clause 8.11 of the Managing Contractor Contract) issue a document titled “Variation Price Request” to the Subcontractor which will set out details of a proposed Variation which the Contractor is considering. The Subcontractor must immediately take all action required under any relevant subsubcontract in relation to each subsubcontractor that would be involved in carrying out the proposed Variation. Within 14 days of the receipt of a Variation Price Request (or such longer period as may be agreed by the Contractor’s Representative) the Subcontractor must provide the Contractor’s Representative with a written notice in which the Subcontractor sets out theout: the adjustment (if any) to the Subcontract Price to carry out the proposed Variation; and the effect (if any) which the proposed Variation will have on the then current approved program, including each Date for Completion.

Appears in 1 contract

Samples: Formal Agreement

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