Construction Contingency. The proposed GMP Change Order shall include, as a separately identified item, a Construction Contingency sum in an initial amount (subject to increase or decrease) against which Design-Builder can draw at its election for the purposes set forth in Section 4 Part 4. The initial Construction Contingency sum shall include the contingency amounts stated in all accepted Component Change Orders.
Construction Contingency. Construction Contingency (as defined in Section 4, Part 4) for the Component’s anticipated contingency costs incident to the performance of the Work and procurement of the materials for the Component; and
Construction Contingency. The amount of any funds remaining in the Construction Contingency upon the issuance of a Certificate of Final Completion of the entire Project, or upon the earlier termination of this Contract, shall be confirmed by the written certification of the Design-Builder to the Owner at the time of the issuance of the Final Certificate and any funds remaining in the Construction Contingency at the time of the issuance of the Final Certificate or at the time of any conversion to a Lump Sum Price and shall be returned to the Owner.
Construction Contingency. The Design and Construction Budget shall contain a Construction Contingency cost element to be estimated by the Design-Builder and approved by the Owner. As provided in Article 4.4.5 but only prior to the issuance of the Certificate of Final Completion, the Design Builder shall be entitled to payment of Construction Contingency Cost items from the Construction Contingency, but not in the aggregate in excess of the Design Contingency component of the GMP Change Order. Funds from the Construction Contingency may be encumbered by the Design- Builder without written direction from the Owner, provided that Owner shall approve, on a quarterly basis, the accounting for the Construction Contingency, which approval shall not be unreasonably withheld.
Construction Contingency. Based on review of the scope of work submitted from each Subcontractor, Contractor’s Due Diligence and review shall be utilized to determine the size of the Construction Contingency to cover unforeseen conditions (other than noted in Article 5.1), cover trade scope gaps, missed work, areas of damage that may occur between trades during construction, Subcontractor coordination problems, Contractor coordination errors, and miscellaneous work items.
Construction Contingency. The Construction Contingency set forth at Article 3.8.1 is for the use of the Contractor, as approved by the District, to pay for miscellaneous work items which are required to complete the Project including to cover trade scope gaps, missed work, areas of damage that may occur between trades during construction, Subcontractor coordination problems, and Contractor coordination errors. The Contractor shall not use the Construction Contingency to pay for costs related to the following: (a) errors or omissions in the Construction Documents; (b) discrepancies with the Construction Documents pertaining to applicable building code requirements; and/or (c) enhancements or additions to the Scope of Work desired by the District. The Contractor shall obtain written approval from the District prior to using the Construction Contingency. The following may be considered, at the District’s sole discretion, valid Construction Contingency items: 1) overtime and premium time, 2) costs to address safety items, 3) Contractor coordination issues and errors, 4) scope gaps, 5) trade damage, and 6) for other items requested by the Contractor if approved by the District and in the District’s sole discretion. If on Final Completion of the Project, funds are remaining in the Construction Contingency, such funds shall remain unspent and allocated to the District as the District sees fit to use.
Construction Contingency. Within the Contractor’s Guaranteed Maximum Price (“GMP”) the Contractor shall maintain and control the Project’s Construction Contingency for the benefit of District. The Construction Contingency can be used for construction-related changes, subject to prior District authorization. Proposed change orders (“PCO”) for use of Construction Contingency funds shall be classified and tracked in one or more of the following categories: unforeseen site conditions (other than those contemplated in section 3.10.3 below) or cost increases arising from omissions remaining in the Contract Documents or other errors in the constructability review services provided under the Preconstruction Services Agreement. Any expenditure attributable to Contractor’s sole negligence, error, or omission shall be recoverable by District from Contractor, in which case District may withhold such amount from any outstanding funds due Contractor. The amount for Construction Contingency is included in the Guaranteed Maximum Price as an amount to be applied at Contractor’s discretion, to defray contractually allowable costs, including General Conditions and other Project Costs, for which the Contractor is not otherwise entitled to a Change Order increasing the Guaranteed Maximum Price. Examples of allowable uses of Construction Contingency include, but are not limited to, scope gaps in buyout of the Work, excusable, non-compensable delays, errors in the Work not caused by the negligence of the Contractor or its Trade Contractors, Trade Contractors, necessary increases to prior negotiated or awarded Trade Contracts or purchase orders, and cleanup or repair of damage to the Work not identifiable to a particular Trade Contractor. Construction Contingency is not to be used to defray costs for which Contractor is entitled to an increase in the Guaranteed Maximum Price by Change Order, such as for design changes or design corrections. At the conclusion of the Project, all unused portions of the Construction Contingency shall be returned to the District via deductive change order.
Construction Contingency. Within the GMP shall be a line item amount representing five percent (5%) of the GMP for the Project ("Construction Contingency"). The Construction Contingency shall originally consist of Dollars ($ ). The Construction Contingency shall be for use by Contractor, as approved by District, to pay for miscellaneous work items that are required to complete the Project, including the coverage of trade scope gaps, missed work, areas of damage that may occur between trades during construction, subcontractor coordination problems, and Contractor coordination errors. The Construction Contingency shall not be used to pay the costs of enhancements or additions to the scope of work included within the District Contingency. Contractor shall obtain written approval from District prior to using the Construction Contingency. The following may be considered, at District's sole discretion, valid Construction Contingency items: (1) overtime and premium time; (2) costs to address safety items; (3) Contractor coordination issues and errors; (4) scope gaps; (5) trade damage; (6) errors or omissions in the Construction Documents on the part of Architect and Architect's consultants; (7) discrepancies with the Construction Documents pertaining to applicable building code requirements; and (8) for other items requested by Contractor if approved by District in District's sole discretion. If, on completion of the Project, funds remain in the Construction Contingency, such funds shall remain unspent and shall be allocated to District, except for any portion of savings added to the Construction Contingency, which savings shall be apportioned at completion of the Project as provided in Section 6 below.
Construction Contingency. Construction Contingency (as defined in Section 4, Part 4) for the Component’s anticipated contingency costs incident to the performance of the Work and procurement of the materials for the Component; and CM/GC's Fee. The CM/GC's Fee for the performance of the Work, which shall be stated as a lump sum amount commensurate with the scope of the Component Change Order and paragraph 5 of the Contract.
Construction Contingency. Each Pricing Amendment shall include a preliminary Construction Contingency in an initial amount to which Owner and Design-Builder agree.
