This office lease form illustrates the different time lines for different components of rent, additional rents and other charges, thus creating independent commencement and running dates for measurement, and payment. This form also deals with resulting delays in the performance of either party and the impact on all of the defined measurement periods of any delays. Without reference to other facts and documents, the reader will see the benefit of precise complex definitions and also the danger that can result from the casual review of a document that employs the pyramiding of one definition upon another.
Florida Allocation of Certain Time Periods for Construction Between the Landlord and Tenant Drafted Using the Pyramiding Technique
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US-OL1051
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A Contract Period is any number of days, as outlined in the contract, that the contract will run for. This is also known as Contract Time and is the length of time between the start date and specific end date.
Contract duration is a term used to describe the period through which a contract is effective. This can also be understood as the period between the contract effective date and the contract end date - both of which are typically outlined within a contract and will be agreed to by both parties.
What does Construction Period mean? The time during which the Construction Contractor designs and builds the facilities.
Contract Time means the period between the start date identified in the Notice to Proceed with construction and the Substantial Completion date identified in the Notice to Proceed or as subsequently amended by a Change Order.
Contract duration is the maximum time allowed in a construction contract for completion of all work contained in the contract documents. Contract duration is established upon receipt of the contractors bid blank regardless of the original estimate of time by the Department.