Examples of Contract Time in a sentence
The Owner will review and evaluate the Design-Build Entity’s cost proposal and any proposed change in Contract Time, before presenting the Design-Build Entity with a proposed Change Order at either its regular weekly meeting or a special meeting.
A Change Order is a mutually agreed upon written order adjusting the Design-Build Entity’s Scope of Work, Contract Price, Contract Time or any combination.
If the Project is resumed, and provided that the suspension was not caused or due to any fault or neglect of the Design-Build Entity or any of its Design Professionals or Subcontractors, then the Design-Build Entity’s compensation will be equitably adjusted through Change Order under Section 9.1.4 and the Contract Time will be equitably adjusted for the additional time required to achieve Final Completion.
The Contract Time is the time allotted for the Design-Build Entity to achieve Substantial Completion and Final Completion of the Work.
The Design-Build Entity may be entitled to an adjustment in the Contract Time if the Hazardous Material or Substance is deemed an Unforeseen or Differing Site Condition and impacts the Final Completion Date of the Project.