Examples of Pricing Amendment Sum in a sentence
Design-Builder shall use the final Estimated Project Sum to prepare for Owner Parties a detailed Project budget, including an Estimated Pricing Amendment Sum for each Deliverable Portion of Work, in accordance with this Agreement, and on the dates set forth in the Project Schedule.
Design-Builder shall bear, without Owner’s reimbursement, all costs in excess of (a) the Preliminary Services Sum and (b) each applicable Pricing Amendment Sum.
Design-Builder shall prepare separate Applications for Payment for the Work of each Deliverable Portion of Work executed, in accordance with Article 6 of the General Conditions, and this Section 7.5. Owner shall make progress payments on account of the applicable Pricing Amendment Sum as provided below and elsewhere in the Contract Documents.
After the applicable Pricing Amendment Sum is established, Owner shall make progress payments on account of that Pricing Amendment Sum as provided in Article 5 above, including for Reimbursable Expenses.
Final payment shall be calculated as follows: (i) take the costs of the applicable Work substantiated by the Supporting Documents, less any amount in excess of the applicable Pricing Amendment Sum; (ii) subtract amounts, if any, Owner is entitled to withhold under the Contract Documents; (iii) subtract the amount of any unresolved Claims pertaining to that Work; and (iv) subtract the sum of Owner’s previous payments made on account of the applicable Work.
Subject to the terms of the Contract Documents, Owner shall pay Design-Builder the Contract Sum subject to the Preliminary Services Sum and each Pricing Amendment Sum, as the same may be amended from time to time by Change Order.
Design-Builder shall prepare separate Applications for Payment for the Services of each Deliverable Portion of Work executed, in accordance with Article 6 of the General Conditions, and this Section 7.5. Before an applicable Pricing Amendment Sum is established, Owner shall make progress payments for the Work on account of the Preliminary Services Sum and for documented Reimbursable Expenses.
Design-Builder agrees to use best efforts, including providing all reasonable documentation, to aid Owner Parties in causing the applicable Work to incorporate, within the applicable Pricing Amendment Sum, elements and criteria necessary to qualify for U.S. Green Building Council Leadership in Energy and Environmental Design (LEED) certification points required to achieve Owner’s selected LEED certification standard identified in the Project Criteria (the “LEED Certification Standard”).
Owner shall make progress payments on account of each applicable Early Work Amendment or Preliminary Services Sum or Pricing Amendment Sum as provided below and elsewhere in the Contract Documents.
Design-Builder shall prepare separate Applications for Payment for the Services of each Deliverable Portion of Work executed, in accordance with Article 6 of the General Conditions, and this Section 7.5. Before an applicable Pricing Amendment Sum is established, Owner shall make progress payments for the Work on account of the Preliminary Services Sum including for documented Reimbursable Expenses.