Common use of Contractor Risk Clause in Contracts

Contractor Risk. If the sum of all final bid package estimates in the Subcontract Plan, as revised, or the sum of all bid package amounts exceeds the Total for Subcontract Costs, any such additional costs above the MACC shall be at the GC/CM’s expense and the Port will not increase the MACC. During subcontract buyout, GC/CM may request a change in its Subcontract Plan, and the Port will not unreasonably withhold approval, provided the sum of all final bid package estimates in the Subcontract Plan as revised does not exceed the MACC.