Draft lease for 7 World Trade Center, March 1998

NYC 9/11 Public Portal Document

alarm wbcontractors, whose Mds shall be reasonably competitive for first class office buildings in Manhattan. If Tenant shall dispute that such bids of foe ^rinlder and fire alarm subcontractors are IO reasonably competitive, said subcontractors shall be as designated by Landlord, subject to foe light of Tenant to have such issue resolved by arbitration as provided in Paragraph (J) of this Article. DRES shall, within five (5) budness days of its receipt of Landlord's notice of foe Work Cost, approve or disapprove foe Work Cost If DRES fosapproves, it will meet with Landlord within five (S) loatauH days to deteimine an agreed upon cost. As part of foe process DRES will meet with the lowest bid^r to resolve any discrepancies in unit prices and quantities. In foe event Landlord and DRES are unable to resolve their differences and agree upon the Tenant's Initial Work cost items, Landlord Shall solicit bids from at least three 0) new subcontractors designated by OBES fo which case foe procedures and time frames with respect to foe bids shall apply to such additional blds and bidden. Within five (5) business days from approval of the Tenant's Work Cost and prior to commencing construction, Landlord will upon receipt submit a copy of foe work permit (or alternative document Issued by the Port Authority) to DRES. Landlord shall commence construction within Ogg (3) business days after the later of (X) approval by Tenant of the Work Cost er and (v) receipt by Landlord of Port Authorty approval to commence construction, which later date is hereto aomttinMe wiiiwi tha subcontractors shall be qrproved by Landlord* have a good reputation, be acceptable for the performance of such work in other first class office buildings In Manhattan to meet Landlord's reasonable requirements for the Building. The Work Cost shall be subject to audit by the Department of Citywide Administrative Services and/or itt authorized rcpresentadve. Such costs may, in foe discretion of foe Comptroller of foe City of New York, also be post-audited the Comptroller. (C) In all instances where Tenant is required to supply informadon or authorizations with regard to Tenant's Initial Work, Tenant shall supply the same within three (3) business days after written request therefor by Landlord, exc^ in such unusual case where more than three (3) business days shall be reasonably necessary due to the nature of such request but. Tenant shall promptly commence and diligently proceed to supply foe same to Landlord. (D) Exc^t as provided in fols Article, Landlord shall not be required to ^oid any money or to do any work to prepare the Demised Premises for Tenant’s occupancy. The !pecificarton of Tenant's Initial Work represents the limit of Landlord's responsibilities in connection with the preparation of foe Demised Premises and except as so provided, Tenant shall take foe Demised Premises "as-is”. Any other improvements, alterations or additions shall be performed by Tenant, but subject to all of the terms, conditions and covenants of this Lease. (E) Landlord makes no representation of the dote on which It will Substantially Conqjlete (hereinafter defined) Tenant's Initial Work, and Landlord shall be under no penalty or liability to Tenant whatsoever by reason of any delay in such pertOrmance and this Lease shall not

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