Developer Hard Cost Contingency definition
Developer Hard Cost Contingency means those certain funds set aside in the “Soft Costs” category of the Budget and labeled “Developer Hard Cost Contingency”.
Examples of Developer Hard Cost Contingency in a sentence
Borrower shall be responsible for paying all cost overruns on the Project as they occur, which may be paid from documented line item cost savings in the Budget or from the Contractor Hard Cost Contingency, the Developer Hard Cost Contingency, or the Developer Soft Cost Contingency, but in each instance, only in accordance with the terms and provisions set forth in the subsection below captioned “Line Item Savings” and “Contingency”.