The Contingency Fund definition
Examples of The Contingency Fund in a sentence
The Contingency Fund may be increased by the District, in its sole discretion, from any Savings as set forth in Article 6 herein.
The Contingency Fund shall be utilized for the payment of: (1) any unforeseen costs which are within the scope of work for the Project which are not caused by the acts, errors, or omissions of the Contractor; or (2) additional work desired by the District pursuant to Article 9 of these Construction Provisions.
The Contingency Fund, once established, shall fluctuate as CM/GC enters into Trade Contracts.
The Contingency Fund may be used for increases in the cost of the Utility Work which occur because of quantity overruns or because of adjustments or changes in the Utility Work made pursuant to Subparagraph 2.
The Contingency Fund, which is part of the insurance fund authorized under section 516(c) of the Act (7 U.S.C. 1516(c)), is used to offset expenses incurred by FCIC to administer an AIP’s book of business in the event of AIP supervision, rehabilitation, insolvency or operational deficiency, or an equivalent event, as determined by FCIC, or the Agreement is terminated for cause.
The Contingency Fund shall be subject to reduction upon reallocation, disbursement, or otherwise as provided herein.
The Contingency Fund is immediately available for promptly proceeding with additional tasks upon written request by CLIENT’s Authorized Representative.
The Contingency Fund shall be used for (in the following order of priority: (i) unforeseeable engineering, architectural and permitting costs, (ii) any unanticipated costs of Landlord in completing the Landlord’s Work, (iii) interest rate increases, (iv) enhancement of lobby areas as required by Tenant, bathrooms, cabling, signage, and (v) Tenant’s legal fees (not to exceed $40,000.00).
The Contingency Fund, which is part of the insurance fund authorized under section 516(c) of the Act (7 U.S.C. 1516(c)), is used to offset expenses incurred by FCIC to administer any Company’s an AIP’s book of business in the event of Company AIP supervision, rehabilitation, insolvency or operational deficiency, as determined by FCIC, or the Agreement is terminated for cause.
Respond to RFI’s during construction City will provide all construction engineering functions, including those required by the CDBG funding J-U-B will advise City on responses to requests for information and assist with submittal review as needed by the City The Contingency Fund establishes a pre-authorized budget for additional tasks that may be requested by CLIENT’s Authorized Representative and performed by J-U-B upon mutual agreement of scope, budget, and schedule.