Examples of Cash Allowance Items in a sentence
The Cash Allowance shall cover the net cost of performing all Cash Allowance Items, excluding Consultant’s overhead and profit which shall be included in the Rates, exclusive of the Cash Allowance.
Should the cost of performing the Cash Allowance Items be less than the identified amount of the Cash Allowance, the Consultant shall only be compensated for the actual cost of performing the Services.
No amounts shall be payable in respect of any Cash Allowance Items unless and until Metrolinx has approved such expenditure in writing, and shall be subject to Schedule B - Financial Terms.
For greater certainty, the Consultant’s responsibility for Cash Allowance Items approved by Metrolinx pursuant to this Section are the same as for all other Services.
Where the expenditure of a Cash Allowance has been approved by Metrolinx, the value of completed or delivered Cash Allowance Items may be claimed as part of the Consultant’s monthly application for payment, in accordance with Section 6 of this Schedule C – Financial Terms.
A Cash Allowance is in no way a guarantee of monies and shall only be expended for the portion of the Cash Allowance Items specified in the Articles of Agreement and authorized by Metrolinx pursuant to Section 8.4 of the General Conditions.
Metrolinx shall have the right, exercisable at its sole discretion, to require the Consultant to use a third party to perform or provide any Cash Allowance Items or any Services related to a Change.
With respect to any Changes or Cash Allowance Items (or any part thereof), the Consultant shall, upon request by Metrolinx (at its sole discretion), submit up to three (3) quotes detailing the estimated cost of the applicable Change or Cash Allowance Item (each a “ Quotation”).
The Consultant shall include all Cash Allowance Items in the Project Schedule and perform all Services related thereto within the Project Schedule.
No amounts shall be payable in respect of any Cash Allowance Items unless and until Metrolinx has approved such expenditure in writing, and shall be subject to Schedule C – Financial Terms.