Make Ready Estimate definition
Examples of Make Ready Estimate in a sentence
Licensee shall pay the remaining twenty-five percent (25%) of the Make Ready Estimate upon Licensor’s completion of the Make Ready Work.
Licensee shall pay an additional twenty-five percent (25%) of the Make Ready Estimate when Licensor has completed one-half of the Make Ready Work (the “Progress Payment”).
Licensor will use its best efforts to provide Licensee with the Make Ready Estimate within twenty (20) days of Licensee’s application for attachment.
If the Make Ready Estimate indicates that pole replacement will be necessary in order to accommodate the proposed Attachment, then Owner shall determine (in its sole discretion) whether to proceed with such pole replacement, and Licensee shall pay the Total Cost of such pole replacement prior to Owner or the Approved Contractor undertaking such work.
The Make Ready Estimate shall include itemized estimates of the cost of each component of the Make Ready Work.
If Owner fails to provide such Make Ready Estimate within fourteen (14) days after Owner’s receipt of the completed Engineering Review, then Licensee shall engage an Approved Contractor to determine the Make Ready Estimate and provide to Owner for approval and upon Owner’s approval of the Make Ready Estimate, Owner shall issue a Notice to Proceed with the Make Ready Estimate to Licensee.
If the Make Ready Estimate indicates that pole replacement will be necessary to accommodate Licensee’s Proposed Attachment, then Owner shall determine (in its sole discretion) whether to proceed with such pole replacement, and unless the parties otherwise agree, Licensee shall pay the Total Cost of such poles replacement prior to Owner undertaking such work.
If such accounting indicates that the actual expense was less than the Make Ready Estimate, then Owner shall reimburse Licensee the excess within forty-five (45) days of such determination.
In the event Licensee retains contractors to perform part of the Make Ready Work and utilizes Licensor to perform part of the Make Ready Work, Licensee shall adjust the payments described in subparagraph (i) above to include only the costs of the itemized components of the Make Ready Estimate to be performed by Licensor.
If such actual expenses exceed the Make Ready Estimate, then Owner shall issue a supplemental invoice for such deficit and Licensee shall pay such supplemental invoice within forty-five (45) days of receipt.