Common use of Contingency Funds Clause in Contracts

Contingency Funds. Prior to SCD allowing the District to utilize a portion of the SCD Contingency, the District shall obtain SCD written acknowledgement and approval. SCD shall have a minimum of five (5) days to review the form and determine whether to approve, disapprove or request additional information. If the District authorizes the contractor to utilize a portion of the SCD Contingency without SCD approval, the District shall bear all costs resulting from said action.

Contingency Funds. Prior to SCD allowing the District to utilize a portion of the SCD Contingency, the District shall obtain SCD written acknowledgement and approval. SCD shall have a minimum of five (5) days to review the form and determine whether to approve, disapprove or request additional information. If the District authorizes the contractor to utilize a portion of the SCD Contingency without SCD approval, the District shall bear all costs resulting from said action.the