Examples of Key Milestone Schedule in a sentence
Accordingly, Contractor (i) hereby agrees that it shall have no right to claim or seek an increase in the Contract Price or an adjustment to the Key Milestone Schedule, Guaranteed Substantial Completion Date or Required Final Completion Date with respect to any incomplete, inaccurate or inadequate information or requirements that may be contained or referenced in Attachment A, and (ii) hereby waives and releases Owner from and against such claims.
Subject to Section 2.5C.2. Contractor has investigated to its satisfaction Applicable Law and Applicable Codes and Standards and warrants that it can perform the Work at the Contract Price and within the Key Milestone Schedule, Guaranteed Substantial Completion Date and Required Final Completion Date in accordance with Applicable Law and Applicable Codes and Standards.
If it is later determined that the Work was not Defective, then Owner shall reimburse Contractor for all costs incurred in connection with such repair or replacement and a Change Order shall be issued for such amount and shall address any impact the repair or replacement may have had on the Key Milestone Schedule, Guaranteed Substantial Completion Date and Required Final Completion Date, as applicable.
Any adjustment to the Contract Price shall be for reasonable, additional direct costs incurred by Contractor for such delay meeting the requirements of this Section 6.8, and any adjustments to the Contract Price, Key Milestone Schedule, Guaranteed Substantial Completion Date and Required Final Completion Date, as applicable, shall be recorded in a Change Order.
In no event shall Contractor be entitled to any adjustment of the Contract Price, the Key Milestone Schedule, the Guaranteed Substantial Completion Date or the Required Final Completion Date as a result of compliance with such policies and procedures or any removal of personnel necessitated by non-compliance.
Contractor warrants that it has the experience, resources, qualifications and capabilities at its disposal to perform the Work in accordance with the Key Milestone Schedule, the Guaranteed Substantial Completion Date and the Required Final Completion Date.
The Parties agree that Contractor’s sole remedy for such delay shall be an adjustment to the Key Milestone Schedule, the Guaranteed Substantial Completion Date and the Required Final Completion Date, as applicable, pursuant to a Change Order.
Owner’s review or approval of any Monthly Updated CPM Schedule shall not relieve Contractor of any obligations for the performance of the Work, change the Key Milestone Schedule, the Guaranteed Substantial Completion Date or the Required Final Completion Date, nor shall it be construed to establish the reasonableness of any Monthly Updated CPM Schedule.
In no event shall Contractor be entitled to any adjustment to the Key Milestone Schedule, Guaranteed Substantial Completion Date, Required Final Completion Date and the Contract Price for that portion of delay to the extent Contractor could have taken, but failed to take, commercially reasonable actions to mitigate such delay.
For the avoidance of doubt, any adjustment to the Contract Price, Key Milestone Schedule, Guaranteed Substantial Completion Date or Required Final Completion Date shall not be based upon a change in quantity of materials or equipment or the amount of labor, engineering or field in-directs.