Common use of TFC Controlled Contingency Clause in Contracts

TFC Controlled Contingency. The GMP Proposal will include a separate line items for the TFC Controlled Contingency, the amount of which shall be determined by TFC in its sole and absolute discretion. No part of the TFC Controlled Contingency shall be used by CMR or included in the GMP unless TFC elects to do so by Change Order and then only with respect to that portion of the TFC Controlled Contingency funds that are actually used for a TFC-directed change to the Work.

Appears in 2 contracts

Sources: Construction Manager at Risk Agreement, Construction Manager at Risk Agreement

TFC Controlled Contingency. The GMP Proposal will include a separate line items item for the TFC Controlled Contingency, the amount of which shall be determined by TFC in its sole and absolute discretion. No part of the TFC Controlled Contingency shall be used by CMR or included in the GMP unless TFC elects to do so by Change Order and then only with respect to that portion of the TFC Controlled Contingency funds that are actually used for a TFC-directed change to the Work.

Appears in 1 contract

Sources: Construction Manager at Risk Agreement