Payment – Contingency Funds Clause Samples

Payment – Contingency Funds. Construction Manager shall submit to the District all recommended fund transfers to the Trade Contractors as a result of changes in the work, per Section 1.3.16 and 1.3.17, which Construction Manager and District decide should be funded from the Contingency Fund as described in Section 3.8. District shall approve fund transfers to the Construction Manager, which District reasonably decides are in accordance with the permitted use under section 1.3.17. The Contingency Funds are based on budgets, per Section