Common use of Contingency Funds Clause in Contracts

Contingency Funds. Total amount of contingency funding in the amount of three thousand one hundred twenty two dollars ($3, 122), or seven percent (7%) of the contract price, has been allocated to fund additional services as required to complete this Project, as long as the total compensation paid to consultant does not exceed $47,722.There is no obligation of the VILLAGE to remit payment for these funds without submittal of itemized costs with stated reason for the request for these funds.

Contingency Funds. Total amount of contingency funding in the amount of three thousand six hundred seventy-one hundred twenty two dollars ($3, 122), or seven percent (7%3,671) of the contract price, dollars has been allocated to fund additional services serves as required to complete this Project, as long as the total compensation paid to consultant does not exceed $47,722.There . There is no obligation of the VILLAGE to remit payment for these funds without submittal of itemized costs with stated reason for the request for these funds.funds.‌

Contingency Funds. Total amount of contingency funding in the amount of three four thousand one hundred twenty two thirty-one dollars ($3, 1224,131), or seven percent (7%) of the contract price, has been allocated to fund additional services as required to complete this Project, as long as the total compensation paid to consultant does not exceed $47,722.There if necessary. There is no obligation of the VILLAGE to remit payment for these funds without submittal of itemized costs with stated reason for the request for these funds.