NYC 9/11 Public Portal Document
cfgdiHigamaKlie renrequal to the amoonrffi^tal Tenant Work Cost is less than
__ ($ ). If the Tenant Work Cost exceeds balance up to a
maximum of .($___ ) willbepaidbyTenai Tenant Work Coat exceeds ($__ )
■ \ • • **i........................
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DRES shall promptly meet with to resolve the overage.]
Notwithstandiogine foregoing, the Tenant Work Cost may be fiirther modified at a
later date by requesting changes beyond the Final Flans, provided that with respect to such
111 <uiJ Laiidlbid silHH have agieed as to nature, am6unrafld~P€>^ thereof.
DRES may, within fifteen (15) business days of its receipt otbandlord's notice of the
Work Cost, approve or disapprove of the Tenant Work Cost. If DRES disapproves, it
will meet with Landlord within five (5) business days to determine an agreed upon cost. As part
of that process DRES will meet with the lowest bidder to resolve any discrepancies in unit prices
and quantities. In the event Landlord and DCAS are unable to resolve their differences and agree
upon the Tenant’s Work cost itans, Landlord shall solicit bids from at least thr^ p) new general
contractors designated by DCAS in which case the procedures and time frames with respect to the
bids shall apply to such additional bids and bidders. Within five (5) business days from approval
of the Tenant’s Work Cost and prior to commencing construction, Landlord will submit a copy of
the Building Permit to DRES.
rgriTirnrd hereby warrants and repHSeni.m IImI it bag the finunriwl rwpwhility and/or
adequate financing to complete the Work in the time frames set foi that connection,
within seven (7) days of Tenant's approval^^^be-Ten^t’s Work Cost, Landlord shall idiver to
-"W- I - -
Tenant (a) a binding corpmitthentfor construction financing from an institutional lender in an
amount.s«fficient to complete the Work or (b) such otho* evidence and assurances satisfactory to
T. idTord’s financial capability to complete the Work. Landlord's mls’epresentation
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NYC-WTC_000170330
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