Common use of Owner’s Contingency Clause in Contracts

Owner’s Contingency. County and GC acknowledge the Work has become necessary due to narrow focus of repairs that have not allowed for all plans and specifications to be fully developed. Therefore, County and GC anticipate the need for future Change Orders to be issued after the Work commences. To provide funding for such Change Orders, a not to exceed amount of Twenty-Eight Thousand Two Hundred Five Dollars and 13/100 Dollars ( $28,205.13 ) shall serve as the Owner’s Contingency from which such changes in the Work are to be paid in accordance with the General Conditions. 5.3.1 Owner’s Contingency is controlled solely by County. 5.3.2 Expenditures from the Owner’s Contingency must be made by Change Order issued by County in accordance with the General Conditions. 12/12/2023 SO Parking Lot South Repave 5.3.3 Unless otherwise provided in the Contract Documents, County will not pay a mark-up for profit and overhead on any change paid out of the Owner’s Contingency. GC shall not be entitled to any compensation from any unused amounts of the Owner’s Contingency. 5.3.4 For purposes of Local Government Code Section 262.031 (calculation for maximum change order cap), the Contract Sum set out in Paragraph 5.1 above, plus the Owner’s Contingency (set out in Paragraph 5.3 above), shall serve as the original Contract price.

Appears in 2 contracts

Sources: Contract for Construction, Contract for Construction

Owner’s Contingency. County and GC acknowledge the Work has become necessary due to narrow focus of repairs degraded materials and short funding timeframe that have not allowed for all plans and specifications to be fully developed. Therefore, County and GC anticipate the need for future Change Orders to be issued after the Work commences. To provide funding for such Change Orders, a not to exceed amount of Twenty-Eight Thousand Two Five Thousand, Six Hundred Five Dollars and 13/100 Dollars ( $28,205.13 ($ 5,600 ) shall serve as the Owner’s Contingency from which such changes in the Work are to be paid in accordance with the General Conditions. 5.3.1 Owner’s Contingency is controlled solely by County. 5.3.2 Expenditures from the Owner’s Contingency must be made by Change Order issued by County in accordance with the General Conditions. 12/12/2023 SO Parking Lot South Repave11/21/2023 Jail North Flooring Replacement 5.3.3 Unless otherwise provided in the Contract Documents, County will not pay a mark-up for profit and overhead on any change paid out of the Owner’s Contingency. GC shall not be entitled to any compensation from any unused amounts of the Owner’s Contingency. 5.3.4 For purposes of Local Government Code Section 262.031 (calculation for maximum change order cap), the Contract Sum set out in Paragraph 5.1 above, plus the Owner’s Contingency (set out in Paragraph 5.3 above), shall serve as the original Contract price.

Appears in 2 contracts

Sources: Contract for Construction, Contract for Construction

Owner’s Contingency. County and GC acknowledge the Work has become necessary due to narrow focus of repairs that have not allowed for all plans and specifications to be fully developed. Therefore, County and GC anticipate the need for future Change Orders to be issued after the Work commences. To provide funding for such Change Orders, a not to exceed amount of TwentyNine Thousand Seven Hundred Forty-Eight Thousand Two Hundred Five Dollars and 13/100 Seven Dollars ( $28,205.13 $ 9,747. ) shall serve as the Owner’s Contingency from which such changes in the Work are to be paid in accordance with the General Conditions. 5.3.1 4.3.1 Owner’s Contingency is controlled solely by County. 5.3.2 4.3.2 Expenditures from the Owner’s Contingency must be made by Change Order issued by County in accordance with the General Conditions. 12/12/2023 SO Parking Lot South Repave. 5.3.3 4.3.3 Unless otherwise provided in the Contract Documents, County will not pay a mark-up for profit and overhead on any change paid out of the Owner’s Contingency. GC shall not be entitled to any compensation from any unused amounts of the Owner’s Contingency. 5.3.4 4.3.4 For purposes of Local Government Code Section 262.031 (calculation for maximum change order cap), the Contract Sum set out in Paragraph 5.1 Section 6.1 above, plus the Owner’s Contingency (set out in Paragraph 5.3 Section 4.3 above), shall serve as the original Contract price.

Appears in 2 contracts

Sources: Contract for Construction, Contract for Construction

Owner’s Contingency. County and GC acknowledge the Work has become necessary due to narrow focus of repairs that have not allowed for all plans and specifications to be fully developed. Therefore, County and GC anticipate the need for future Change Orders to be issued after the Work commences. To provide funding for such Change Orders, a not to exceed amount of Twenty-Eight Thousand One Hundred Fifty-Two Hundred Five Dollars and 13/100 Dollars ( $28,205.13 ($ 8,152.) shall serve as the Owner’s Contingency from which such changes in the Work are to be paid in accordance with the General Conditions. 5.3.1 4.3.1 Owner’s Contingency is controlled solely by County. 5.3.2 4.3.2 Expenditures from the Owner’s Contingency must be made by Change Order issued by County in accordance with the General Conditions. 12/12/2023 SO Parking Lot South Repave. 5.3.3 4.3.3 Unless otherwise provided in the Contract Documents, County will not pay a mark-up for profit and overhead on any change paid out of the Owner’s Contingency. GC shall not be entitled to any compensation from any unused amounts of the Owner’s Contingency. 5.3.4 4.3.4 For purposes of Local Government Code Section 262.031 (calculation for maximum change order cap), the Contract Sum set out in Paragraph 5.1 Section 6.1 above, plus the Owner’s Contingency (set out in Paragraph 5.3 Section 4.3 above), shall serve as the original Contract price.

Appears in 2 contracts

Sources: Contract for Construction, Contract for Construction

Owner’s Contingency. County and GC acknowledge the Work has become necessary due to narrow focus of repairs requirement to conform to TCEQ rules for a change in fuel storage capacity that have not allowed for all plans and specifications to be fully developed. Therefore, County and GC anticipate the need for future Change Orders to be issued after the Work commences. To provide funding for such Change Orders, a not to exceed amount of Twenty-Eight Thousand Two Hundred Five Dollars and 13/100 Dollars ( $28,205.13 ) shall serve as the Owner’s Contingency from which such changes in the Work are to be paid in accordance with the General Conditions. 5.3.1 Owner’s Contingency is controlled solely by County. 5.3.2 Expenditures from the Owner’s Contingency must be made by Change Order issued by County in accordance with the General Conditions. 12/12/2023 SO Parking Lot South Repave. 5.3.3 Unless otherwise provided in the Contract Documents, County will not pay a mark-up for profit and overhead on any change paid out of the Owner’s Contingency. GC shall not be entitled to any compensation from any unused amounts of the Owner’s Contingency. 5.3.4 For purposes of Local Government Code Section 262.031 (calculation for maximum change order cap), the Contract Sum set out in Paragraph 5.1 above, plus the Owner’s Contingency (set out in Paragraph 5.3 above), shall serve as the original Contract price.

Appears in 1 contract

Sources: Contract for Construction

Owner’s Contingency. County and GC acknowledge the Work has become necessary due to narrow focus of repairs that have not allowed for all plans and specifications to be fully developed. Therefore, County and GC anticipate the need for future Change Orders to be issued after the Work commences. To provide funding for such Change Orders, a not to exceed amount of TwentyTwo Thousand One Hundred Forty-Eight Thousand Two Hundred Five Nine Dollars and 13/100 Dollars ( $28,205.13 ($ 2,149.) shall serve as the Owner’s Contingency from which such changes in the Work are to be paid in accordance with the General Conditions. 5.3.1 4.3.1 Owner’s Contingency is controlled solely by County. 5.3.2 4.3.2 Expenditures from the Owner’s Contingency must be made by Change Order issued by County in accordance with the General Conditions. 12/12/2023 SO Parking Lot South Repave. 5.3.3 4.3.3 Unless otherwise provided in the Contract Documents, County will not pay a mark-up for profit and overhead on any change paid out of the Owner’s Contingency. GC shall not be entitled to any compensation from any unused amounts of the Owner’s Contingency. 5.3.4 4.3.4 For purposes of Local Government Code Section 262.031 (calculation for maximum change order cap), the Contract Sum set out in Paragraph 5.1 Section 6.1 above, plus the Owner’s Contingency (set out in Paragraph 5.3 Section 4.3 above), shall serve as the original Contract price.

Appears in 1 contract

Sources: Construction Contract

Owner’s Contingency. County and GC acknowledge the Work has become necessary due to narrow focus of repairs that have not allowed for all plans and specifications to be fully developed. Therefore, County and GC anticipate the need for future Change Orders to be issued after the Work commences. To provide funding for such Change Orders, a not to exceed amount of Twenty-Eight Four Thousand Two Hundred Five Fifty Dollars and 13/100 Dollars ( $28,205.13 ($ 4050.) shall serve as the Owner’s Contingency from which such changes in the Work are to be paid in accordance with the General Conditions. 5.3.1 4.3.1 Owner’s Contingency is controlled solely by County. 5.3.2 4.3.2 Expenditures from the Owner’s Contingency must be made by Change Order issued by County in accordance with the General Conditions. 12/12/2023 SO Parking Lot South Repave. 5.3.3 4.3.3 Unless otherwise provided in the Contract Documents, County will not pay a mark-up for profit and overhead on any change paid out of the Owner’s Contingency. GC shall not be entitled to any compensation from any unused amounts of the Owner’s Contingency.. 6/28/2024 Texas Avenue Waterproofing 5.3.4 4.3.4 For purposes of Local Government Code Section 262.031 (calculation for maximum change order cap), the Contract Sum set out in Paragraph 5.1 Section 6.1 above, plus the Owner’s Contingency (set out in Paragraph 5.3 Section 4.3 above), shall serve as the original Contract price.

Appears in 1 contract

Sources: Contract for Construction

Owner’s Contingency. County and GC acknowledge the Work has become necessary due to narrow focus of repairs that have not allowed for all plans and specifications to be fully developed. Therefore, County and GC anticipate the need for future Change Orders to be issued after the Work commences. To provide funding for such Change Orders, a not to exceed amount of TwentyFive Thousand Five Hundred Thirty-Eight Thousand Two Hundred Five Nine Dollars and 13/100 Dollars ( $28,205.13 ($ 5,539.) shall serve as the Owner’s Contingency from which such changes in the Work are to be paid in accordance with the General Conditions. 5.3.1 4.3.1 Owner’s Contingency is controlled solely by County. 5.3.2 4.3.2 Expenditures from the Owner’s Contingency must be made by Change Order issued by County in accordance with the General Conditions. 12/12/2023 SO Parking Lot South Repave. 5.3.3 4.3.3 Unless otherwise provided in the Contract Documents, County will not pay a mark-up for profit and overhead on any change paid out of the Owner’s Contingency. GC shall not be entitled to any compensation from any unused amounts of the Owner’s Contingency. 5.3.4 4.3.4 For purposes of Local Government Code Section 262.031 (calculation for maximum change order cap), the Contract Sum set out in Paragraph 5.1 Section 6.1 above, plus the Owner’s Contingency (set out in Paragraph 5.3 Section 4.3 above), shall serve as the original Contract price.

Appears in 1 contract

Sources: Contract for Construction

Owner’s Contingency. County and GC acknowledge the Work has become necessary due to the narrow focus of repairs that have not allowed for all plans and specifications to be fully developed. Therefore, County and GC anticipate the need for future Change Orders to be issued after the Work commences. To provide funding for such Change Orders, a not to exceed amount of Nineteen Thousand Four Hundred Twenty-Eight Thousand Two Hundred Five and 40/100 Dollars and 13/100 Dollars ( $28,205.13 ($ 19,428.40 ) shall serve as the Owner’s Contingency from which such changes in the Work are to be paid in accordance with the General Conditions. 5.3.1 Owner’s Contingency is controlled solely by County. 5.3.2 Expenditures from the Owner’s Contingency must be made by Change Order issued by County in accordance with the General Conditions. 12/12/2023 SO Parking Lot South Repave1/31/2024 Jail Façade Make Safe 5.3.3 Unless otherwise provided in the Contract Documents, County will not pay a mark-up for profit and overhead on any change paid out of the Owner’s Contingency. GC shall not be entitled to any compensation from any unused amounts of the Owner’s Contingency. 5.3.4 For purposes of Local Government Code Section 262.031 (calculation for maximum change order cap), the Contract Sum set out in Paragraph 5.1 above, plus the Owner’s Contingency (set out in Paragraph 5.3 above), shall serve as the original Contract price.

Appears in 1 contract

Sources: Contract for Construction

Owner’s Contingency. County and GC acknowledge the Work has become necessary due to narrow focus of repairs [the Reason(s)] that have not allowed for all plans and specifications to be fully developed. Therefore, County and GC anticipate the need for future Change Orders to be issued after the Work commences. To provide funding for such Change Orders, a not to exceed lump sum amount of Twenty-Eight Thousand Two Hundred Five Dollars and 13/100 Dollars ( $28,205.13 ($ ) shall serve as the Owner’s Contingency from which such changes in the Work are to be paid in accordance with the General Conditions. 5.3.1 Owner’s Contingency is controlled solely by County. 5.3.2 Expenditures from the Owner’s Contingency must be made by Change Order issued by County in accordance with the General Conditions. 12/12/2023 SO Parking Lot South Repave. 5.3.3 Unless otherwise provided in the Contract Documents, County will not pay a mark-up for profit and overhead on any change paid out of the Owner’s Contingency. GC shall not be entitled to any compensation from any unused amounts of the Owner’s Contingency. 5.3.4 For purposes of Local Government Code Section 262.031 (calculation for maximum change order cap), the Contract Sum set out in Paragraph 5.1 above, plus the Owner’s Contingency (set out in Paragraph 5.3 above), shall serve as the original Contract price.

Appears in 1 contract

Sources: Construction Contract

Owner’s Contingency. County and GC acknowledge the Work has become necessary due to narrow focus the small scale of repairs the improvements and the limited time remaining in the Fiscal year that have not allowed for all plans and specifications to be fully developed. Therefore, County and GC anticipate the need for future Change Orders to be issued after the Work commences. To provide funding for such Change Orders, a not to exceed lump sum amount of Twenty-Eight Thousand Two Hundred Five Dollars and 13/100 Dollars ( $28,205.13 ) shall serve as the Owner’s Contingency from which such changes in the Work are to be paid in accordance with the General Conditions. 5.3.1 Owner’s Contingency is controlled solely by County. 5.3.2 Expenditures from the Owner’s Contingency must be made by Change Order issued by County in accordance with the General Conditions. 12/12/2023 SO Parking Lot South Repave. 5.3.3 Unless otherwise provided in the Contract Documents, County will not pay a mark-up for profit and overhead on any change paid out of the Owner’s Contingency. GC shall not be entitled to any compensation from any unused amounts of the Owner’s Contingency. 5.3.4 For purposes of Local Government Code Section 262.031 (calculation for maximum change order cap), the Contract Sum set out in Paragraph 5.1 above, plus the Owner’s Contingency (set out in Paragraph 5.3 above), shall serve as the original Contract price.

Appears in 1 contract

Sources: Contract for Construction

Owner’s Contingency. County and GC acknowledge the Work has become necessary due to narrow focus many layers of previous repairs and remodels that have not allowed for all plans and specifications to be fully developed. Therefore, County and GC anticipate the need for future Change Orders to be issued after the Work commences. To provide funding for such Change Orders, a not to exceed amount of Twenty-Eight Thousand Nine Hundred Thirty Two Hundred Five Dollars and 13/100 Dollars ( $28,205.13 932.00 ) shall serve as the Owner’s Contingency from which such changes in the Work are to be paid in accordance with the General Conditions. 5.3.1 Owner’s Contingency is controlled solely by County. 5.3.2 Expenditures from the Owner’s Contingency must be made by Change Order issued by County in accordance with the General Conditions. 12/12/2023 SO Parking Lot South Repave11/29/2023 Historic Courthouse Exterior Painting 5.3.3 Unless otherwise provided in the Contract Documents, County will not pay a mark-up for profit and overhead on any change paid out of the Owner’s Contingency. GC shall not be entitled to any compensation from any unused amounts of the Owner’s Contingency. 5.3.4 For purposes of Local Government Code Section 262.031 (calculation for maximum change order cap), the Contract Sum set out in Paragraph 5.1 above, plus the Owner’s Contingency (set out in Paragraph 5.3 above), shall serve as the original Contract price.

Appears in 1 contract

Sources: Contract for Construction

Owner’s Contingency. County and GC acknowledge the Work has become necessary due to narrow focus the reconstruction of repairs 24- hour facility requires a back-up generator to operate the facility and fire pump during extended power outages that have not allowed for all plans and specifications to be fully developed. Therefore, County and GC anticipate the need for future Change Orders to be issued after the Work commences. To provide funding for such Change Orders, a not to exceed lump sum amount of Twenty-Eight Thousand Two Thousand, Six Hundred Five Nineteen Dollars and 13/100 Dollars ( $28,205.13 ($ 28,619 ) shall serve as the Owner’s Contingency from which such changes in the Work are to be paid in accordance with the General Conditions. 5.3.1 Owner’s Contingency is controlled solely by County. 5.3.2 Expenditures from the Owner’s Contingency must be made by Change Order issued by County in accordance with the General Conditions. 12/12/2023 SO Parking Lot South Repave. 5.3.3 Unless otherwise provided in the Contract Documents, County will not pay a mark-up for profit and overhead on any change paid out of the Owner’s Contingency. GC shall not be entitled to any compensation from any unused amounts of the Owner’s Contingency. 5.3.4 For purposes of Local Government Code Section 262.031 (calculation for maximum change order cap), the Contract Sum set out in Paragraph 5.1 above, plus the Owner’s Contingency (set out in Paragraph 5.3 above), shall serve as the original Contract price.

Appears in 1 contract

Sources: Contract for Construction

Owner’s Contingency. County and GC acknowledge the Work has become necessary due to narrow focus of repairs that have not allowed for all plans and specifications to be fully developed. Therefore, County and GC anticipate the need for future Change Orders to be issued after the Work commences. To provide funding for such Change Orders, a not to exceed amount of Twenty-Eight Four Thousand Two Hundred Five Ninety-Four Dollars and 13/100 Dollars ( $28,205.13 ($ 4,294.) shall serve as the Owner’s Contingency from which such changes in the Work are to be paid in accordance with the General Conditions. 5.3.1 4.3.1 Owner’s Contingency is controlled solely by County. 5.3.2 4.3.2 Expenditures from the Owner’s Contingency must be made by Change Order issued by County in accordance with the General Conditions. 12/12/2023 SO Parking Lot South Repave. 5.3.3 4.3.3 Unless otherwise provided in the Contract Documents, County will not pay a mark-up for profit and overhead on any change paid out of the Owner’s Contingency. GC shall not be entitled to any compensation from any unused amounts of the Owner’s Contingency.. 7/11/2024 Jester Annex Landscaping Modifications 5.3.4 4.3.4 For purposes of Local Government Code Section 262.031 (calculation for maximum change order cap), the Contract Sum set out in Paragraph 5.1 Section 6.1 above, plus the Owner’s Contingency (set out in Paragraph 5.3 Section 4.3 above), shall serve as the original Contract price.

Appears in 1 contract

Sources: Contract for Construction