Escrowed Proposal Documents definition
Examples of Escrowed Proposal Documents in a sentence
Each DRB Member agrees to execute and deliver a confidentiality agreement as described in the “Availability for Review” clause (Section 25.1) of the General Provisions with respect to copies of Escrowed Proposal Documents (EPDs) that may be provided to the DRB.
The information provided under this Section shall be placed in the same locked cabinet with the key held by DB Contractor in which the Escrowed Proposal Documents are placed pursuant to Section 5.11.3 of the ITP and Section 21.1 of this DBA and, except as required by law, shall be treated as confidential and proprietary.
The information provided under this Section shall be placed in the same locked cabinet with the key held by Developer in which the Escrowed Proposal Documents are placed pursuant to Section 5.12.4 of the ITP and Section 21.1 of this Agreement and, except as required by law, shall be treated as confidential and proprietary.
IFA shall be entitled to a reduction in the Contract Price if it agrees to accept alternative policies providing less than equivalent coverage, with the amount to be determined by extrapolation using the insurance quotes included in the Escrowed Proposal Documents (or based on other evidence of insurance premiums as of the Proposal Date if the EPD does not provide adequate information).
VPRA will be entitled to a reduction in the Contract Price if it agrees to accept alternative policies providing less than equivalent coverage, with the amount to be determined by extrapolation using the insurance quotes included in the Escrowed Proposal Documents (or based on other evidence of insurance premiums as of the Price Proposal Due Date if the Escrowed Proposal Documents do not provide adequate information).
VPRA may analyze the amount set forth in Design-Builder’s Escrowed Proposal Documents, in addition to other records provided or maintained by Design-Builder, as a factor in determining the value of the Work terminated.
Design-Builder also agrees that the Escrowed Proposal Documents are not part of the Contract and that nothing in the Escrowed Proposal Documents shall change or modify the Contract.
The Escrow Agent shall allow access to the Escrowed Proposal Documents, from time to time only to designated representatives of ▇▇▇▇ and the Offeror for purposes of joint review of the Escrowed Proposal Documents by ▇▇▇▇ and the Offeror.
This acknowledgment is based upon the City's understanding that the information contained in the Escrowed Proposal Documents is not known outside Design-Builder's business; is known only to a limited extent and by a limited number of Employees of Design-Builder; is safeguarded while in Design-Builder's possession; and may be valuable to Design-Builder's construction strategies, assumptions, and intended means, methods, and techniques of construction.
Thus, the Escrowed Proposal Documents will at all times be treated as proprietary and confidential information and will be used only for the purposes described in this SP-S.