Construction Manager’s Contingency. 1. The GMP Proposal may include an amount (the “Construction Manager’s Contingency”) to be used to fund increases in the Direct Construction Costs of the Project identified through the refinement, development and completion of the Construction Documents or procurement of the Work. The Construction Manager’s Contingency shall be negotiated between the Parties and it shall reflect the risk inherent in the state of completion of the Construction Documents at the time the GMP Proposal is submitted.
Appears in 2 contracts
Samples: At Risk Agreement, Construction Manager at Risk Agreement
Construction Manager’s Contingency. 1. 14.3.1 The GMP Proposal may include an amount (the “a Construction Manager’s Contingency”) Contingency amount to be used to fund increases in the Direct Construction Costs Cost of the Project identified through the refinement, development development, and completion of the Construction Documents or procurement of the Work. The Construction Manager’s Contingency shall be negotiated between the Parties and it shall reflect the risk inherent , as set forth in the state of completion of the Construction Documents at the time the GMP Proposal is submittedSection 8.5.
Appears in 2 contracts
