Common use of Construction Contingency Clause in Contracts

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. 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 CM/GC 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. The proposed GMP Change Order shall include, include as a separately identified item, a Construction Contingency sum in an initial amount (subject to increase or decrease) decrease as provided in Article 1.5.6), against which Design-Builder Construction Manager can draw draw, at its election and discretion, for the purposes set forth in Section 4 Part 4Article 1.5.5. The initial Construction Contingency sum shall include the contingency Contingency amounts stated in all accepted Component Change Orders, less any portions of same paid to Construction Manager as of the date the GMP Change Order is proposed.