Price amendment definition
Examples of Price amendment in a sentence
The Owner will inform the Construction Manager of its intention regarding insurance in sufficient time before the execution of the Guaranteed Maximum Price amendment to allow the Construction Manager to arrange for insurance and include the costs in the GMP, if necessary.
The Council may, as a result of the sustainable rate setting process, elect to amend the Price during the Period of Contract and shall be the sole judge of whether the Price is amended and is under no obligation to implement any Price amendment at any stage.
Bonds must be submitted with the Guaranteed Maximum Price amendment and approved prior to commencement of the Construction Phase Work on the Project.
Any Price amendment, proposed by the Buyer after Seller’s Order confirmation, will not be binding unless express written acceptance by the Seller.
The EPDs shall include all assumptions, detailed quantity takeoffs, price reductions and discounts, rates of production and progress calculations, and quotes from Subcontractors used by Fabricator to arrive at the Initial Order Price, amendment price or Change Order price.