Prime Construction Contract definition
Examples of Prime Construction Contract in a sentence
Accept any non-conforming "Work" (as defined in the Prime Construction Contract) pursuant to Section 10.9 of the Prime Construction Contract unless the Company shall have complied with the requirements of Section 6.2.1 above.
Cause the Prime Contractor to within five (5) days after the Closing Date, provide the Prime Contractor Payment and Performance Bond to secure its obligations under the Prime Construction Contract.
Fail to withhold a sum equal to one hundred and fifty percent (150%) of the costs reasonably estimated by the Company (and confirmed by the Construction Consultant) as necessary to complete "Punch List Items" (as defined in the Prime Construction Contract) as Retainage Amounts pursuant to Section 5.7 of the Prime Construction Contract unless such retention is not permitted under applicable laws.
Accept or agree to any increase in the Contractor's Fee (as defined in the Prime Construction Contract) for any reason, except to the extent required pursuant to Section 18.5.2 of the Prime Construction Contract.
The Prime Contractor with respect to such Subsequent Project shall have been given an unconditional notice to proceed or otherwise been unconditionally directed to begin performance under the Prime Construction Contract to which it is a party, on or prior to the Funding Date.
Take or cause to be taken all action, make or cause to be made all contracts and do or cause to be done all things necessary to construct the Project diligently in accordance with the Prime Construction Contract, the Plans and Specifications and the other Operative Documents.
Construction of the Project is proceeding in accordance with the Project Schedule and the Final Plans and Specifications and no Major Project Participant or first tier Subcontractor under the Prime Construction Contract has suspended performance or otherwise repudiated its obligation to perform any duty or obligation under its respective Material Project Document or Subcontract.
Take or cause to be taken all action, make or cause to be made all contracts and do or cause to be done all things necessary to construct the Project diligently in accordance with the Prime Construction Contract, the Final Plans and Specifications and the other Operative Documents.
Reduce the level of Retainage Amounts withheld pursuant to Section 5.6 of the Prime Construction Contract.
The Contract Documents include but are not limited to the Project Manual; Addendum 1 - 5 inclusive; The Prime Construction Contract; AIA A 201(1987) General Conditions; WRGC’s Supplementary General Conditions; Plans as prepared by General Design, Inc., consisting of 39 sheets, G001 - E601, inclusive; Revised Drawings as prepared by General Design Inc., consisting of 12 sheets and incorporating revisions relative to the Owner’s decision to accept Deletive Alternates 1, 3 and 5.