Common use of Contractor Contingency Clause in Contracts

Contractor Contingency. Within the GMP shall be a line item amount of representing ( %) percent of the GMP to cover the Contractor Contingency (“Contractor Contingency”). The Contractor Contingency is for the exclusive use of Contractor, as approved by District, to pay for miscellaneous work items, which are required to complete the Project. Contractor shall not use the Contractor Contingency to pay for costs related to the following: (a) errors or omissions in the Construction Documents; (b) discrepancies with the plans and specifications as it pertains to applicable building code requirements; and/or (c) enhancements or additions to the Scope of Work desired by District. Costs related to (a)-(c) above will be paid for pursuant to the provisions of Section 9, below, the allowance set forth in this Section, subsection (2), or the District Contingency set forth in subsection (3).

Contractor Contingency. Within the GMP shall be a line item amount of representing ( two and one-half percent (2.50%) percent of the GMP to cover the Contractor Contingency (“Contractor Contingency”). The Contractor Contingency is for the exclusive use of Contractor, as approved by District, to pay for miscellaneous work items, which are required to complete the Project. Contractor shall not use the Contractor Contingency to pay for costs related to the following: (a) errors or omissions in the Construction Documentsconstruction documents; (b) discrepancies with the plans and specifications as it pertains they pertain to applicable building code requirements; and/or (c) and/or enhancements or additions to the Scope of Work desired by the District; or (d) unforeseen conditions. Costs related to to (a)-(ca) through (d) above will be paid for pursuant to the provisions of Section 9, below, the allowance set forth in this Section, subsection (2), or the District Contingency set forth in subsection (3)Contingency.