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Agenda - Council - 08/25/2015
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Agenda - Council - 08/25/2015
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3/17/2025 4:07:50 PM
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8/26/2015 9:38:42 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
08/25/2015
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14.2.3 Subparagraph; Add at the end: <br />The Owner may withhold from any final payment due the Contractor such <br />amounts as are incurred or expended by the Owner on account of the <br />termination of the Contract, including architect and attorneys fees." <br />14.2.4 Subparagraph; Delete in its entirety and substitute the following: <br />To the extent the costs of completing Work, including <br />compensation for additional professional services and expenses, <br />exceed those costs which would have been payable to Contractor to <br />complete the Work except for Contractor's default, Contractor will <br />pay the difference to Owner, and this obligation for payment shall <br />survive termination of the Contract. Such costs incurred by Owner <br />will be determined by the Owner and confirmed by the Architect. <br />15.1.4 Add at the end; "The Contractor waives any entitlement to claims <br />for additional cost if it fails to comply with the notice requirements <br />herein." <br />15.1.5.1 Add at the end; "The Contractor waives any entitlement to claims for additional <br />time if it fails to comply with the notice requirements herein." <br />15.1.6 Delete in its entirety and replace with the following: "The Contractor waives <br />Claims against the Owner for consequential damages arising out of or relating to <br />this Contract. The waiver includes damages incurred by the Contractor for <br />principal office expenses including the compensation or personnel stationed there, <br />for losses of financing, business and reputation, and for loss of profit except <br />anticipated profit arising directly from the Work. This wavier is applicable to all <br />consequential damage due to the Owner's termination in accordance with Article <br />14." <br />15.3.2 Lines 1 through 3; Delete "which, unless the parties mutually agree otherwise shall <br />be administered by the American Arbitration Association in accordance with its <br />Construction Industry Mediation Procedures in effect on the date of the <br />Agreement". <br />15.4.1 Lines 2 through 4; Delete "which, unless the parties mutually agree otherwise, shall <br />be administered by the American Arbitration Association in accordance with its <br />Construction Industry Arbitration Rules in effect on the date of the Agreement". <br />15.4.4.2 Lines 2 and 3: Delete "provided that the party sought to be joined consents in <br />14 <br />
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