Contingency. The GMP proposal will contain, as part of the estimated cost of the Work, Project’s Contingency, a sum mutually agreed upon, controlled by District, and monitored by District and Developer to cover costs that are properly reimbursable as a cost of the Work, but are not the basis for a Change Order. Project’s Contingency will not be used for changes in scope or for any item that would be the basis for an increase in the GMP. Developer will provide District with a monthly accounting of charges against Project’s Contingency, if applicable, with each application for payment. Any unused Project Contingency belongs to District.
Appears in 26 contracts
Samples: Facilities Lease, Facilities Lease, Facilities Lease
Contingency. The GMP proposal will contain, as part of the estimated cost of the Work, Project’s Contingency, a sum mutually agreed upon, controlled by District, and monitored by District and Developer to cover costs that are properly reimbursable as a cost of the Work, but are not the basis for a Change Order. Project’s Developer Contingency will not be used for changes in scope or for any item that would be the basis for an increase in the GMP. Developer will provide District with a monthly accounting of charges against Project’s Contingency, if applicable, with each application for payment. Any unused Project Contingency belongs to District.
Appears in 4 contracts
Samples: www.scusd.edu, www.scusd.edu, www.scusd.edu
