Contingency Allowance means a portion of the Budget reserved by the Arts Commission for design, construction, installation or other related costs that, due to factors beyond the control of the Contractor, exceed the initial budget estimates.
Contingency Allowance means the project contingency maintained for unforeseen expenses or cost overruns on capital works projects, as outlined in the Capital Works Cost Contingency Allowance Policy, available on the TI website.
Contingency Allowance means a portion of the Budget reserved by the Artist for design, construction, installation or other related costs that, due to factors beyond the control of the Artist, exceed the initial budget estimates. The contingency allowance may only be used if approved in advance by BART in writing.
Examples of Contingency Allowance in a sentence
At closeout of Contract, funds remaining in Contingency Allowance will be credited to Owner by Change Order.
Contractor's costs for products, delivery, installation, labor, insurance, payroll, taxes, bonding, equipment rental, overhead and profit will be included in Change Orders authorizing expenditure of funds from this Contingency Allowance.
Funds will be drawn from the Contingency Allowance only by Change Order.
Funds will be drawn from Contingency Allowance only by Change Order.
At the conclusion of the project, the unused portion of the Contingency Allowance shall revert to the Owner.
More Definitions of Contingency Allowance
Contingency Allowance means a sum of money that is included in the Contract Price to cover the cost of Contingent Services.
Contingency Allowance means a total maximum amount of $ (plus GST, if any) for CAPEX costs incurred by the Recipient as detailed in Appendix 1. If the Recipient requires part of the Contingency Allowance at a Completion Date, the Recipient will first obtain written approval of the portion being requested from the Ministry. Any agreed portion will be paid on the satisfactory completion of the relevant Project Deliverable; receipt of a Payment Request in accordance with clause 1 of Part 2 and the terms and conditions of this Agreement.
Contingency Allowance means an allowance of ten percent (10 %) of the Consultants’ fees, which has been included in the calculation of the Estimated Costs by the City.
Contingency Allowance means a portion of the Budget reserved by the TJPA for design, construction, installation or other related costs that, due to factors beyond the control of the Artist or General Contractor, exceed the initial budget estimates.
Contingency Allowance means a sum of money that is included in the contract price to cover the cost of materials, parts, or equipment rentals related to the Services in addition to those specified in the Contract, if any. This may also include subcontractors only if the subcontracted work is required to address unique issues directly related to the specified Services. The use of this Contingency Allowance may or may not be required.
Contingency Allowance means funds set aside at the start of the Project and specified in the Special Conditions for the purpose of paying for additional items of Work.
Contingency Allowance means the negotiated amount made available by The City and defined at the time of establishment of an Individual GMP, not approved for expenditure but set aside for budgetary purposes, in the event that additional unforeseen items of Work are determined to be required.