Construction Contingency. The proposed GMP Change Order shall include, as a separately identified item, a Construction Contingency sum in an initial amount (subject to increase or decrease) against which Design-Builder can draw at its election for the purposes set forth in Section 4 Part 4. The initial Construction Contingency sum shall include the contingency amounts stated in all accepted Component Change Orders.
Construction Contingency. Construction Contingency (as defined in Section 4, Part 4) for the Component’s anticipated contingency costs incident to the performance of the Work and procurement of the materials for the Component; and
Construction Contingency. The amount of any funds remaining in the Construction Contingency upon the issuance of a Certificate of Final Completion of the entire Project, or upon the earlier termination of this Contract, shall be confirmed by the written certification of the Design-Builder to the Owner at the time of the issuance of the Final Certificate and any funds remaining in the Construction Contingency at the time of the issuance of the Final Certificate or at the time of any conversion to a Lump Sum Price and shall be returned to the Owner.
Construction Contingency. The Design and Construction Budget shall contain a Construction Contingency cost element to be estimated by the Design-Builder and approved by the Owner. As provided in Article 4.4.5 but only prior to the issuance of the Certificate of Final Completion, the Design Builder shall be entitled to payment of Construction Contingency Cost items from the Construction Contingency, but not in the aggregate in excess of the Design Contingency component of the GMP Change Order. Funds from the Construction Contingency may be encumbered by the Design- Builder without written direction from the Owner, provided that Owner shall approve, on a quarterly basis, the accounting for the Construction Contingency, which approval shall not be unreasonably withheld.
Construction Contingency. Based on review of the scope of work submitted from each Subcontractor, Contractor’s Due Diligence and review shall be utilized to determine the size of the Construction Contingency to cover unforeseen conditions (other than noted in Article 5.1), cover trade scope gaps, missed work, areas of damage that may occur between trades during construction, Subcontractor coordination problems, Contractor coordination errors, and miscellaneous work items.
Construction Contingency. The Construction Contingency set forth at Article 3.8.1 is for the use of the Contractor, as approved by the District, to pay for miscellaneous work items which are required to complete the Project including to cover trade scope gaps, missed work, areas of damage that may occur between trades during construction, Subcontractor coordination problems, and Contractor coordination errors. The Contractor shall not use the Construction Contingency to pay for costs related to the following: (a) errors or omissions in the Construction Documents; (b) discrepancies with the Construction Documents pertaining to applicable building code requirements; and/or (c) enhancements or additions to the Scope of Work desired by the District. The Contractor shall obtain written approval from the District prior to using the Construction Contingency. The following may be considered, at the District’s sole discretion, valid Construction Contingency items: 1) overtime and premium time, 2) costs to address safety items, 3) Contractor coordination issues and errors, 4) scope gaps, 5) trade damage, and 6) for other items requested by the Contractor if approved by the District and in the District’s sole discretion. If on Final Completion of the Project, funds are remaining in the Construction Contingency, such funds shall remain unspent and allocated to the District as the District sees fit to use.
Construction Contingency. Construction Contingency (as defined in Section 4, Part 4) for the Component’s anticipated contingency costs incident to the performance of the Work and procurement of the materials for the Component; and CM/GC's Fee. The CM/GC's Fee for the performance of the Work, which shall be stated as a lump sum amount commensurate with the scope of the Component Change Order and paragraph 5 of the Contract.
Construction Contingency. The Guaranteed Maximum Price will contain a separately identified contingency factor (the "Construction Contingency") in the amount of $ . The Construction Contingency is not allocated to any particular item of the Cost of the Project, and is established for the Construction Manager's use as may be required for costs incurred in the Work from unforeseen causes or details which should have been anticipated by the Construction Manager at the time of the Owner's approval of the Guaranteed Maximum Price. Such unanticipated causes or details include, but are not limited to, refinement of details of design within the scope of standards, quality and quantities which are reasonably inferable from the Guaranteed Maximum Price documents, the correction of minor defects not relating to design, delays in receipt of materials due to the fault of the Construction Manager, corrections in the Work provided the Construction Manager has exhausted all reasonable means to obtain correction of same from the responsible Trade Contractor, labor and material overruns, and additional costs relating to Trade Contractor defaults, provided any such default is not due to the Owner's actions or failure to act, costs incurred by the Owner caused by the Construction Manager or Trade Contractors such as additional roof inspection, additional furniture move costs, furniture damage and costs associated with more than two (2) punch list visits to the same area. In the event the default of a Trade Contractor is due to the Owner's actions or failure to act, the Construction Manager will be entitled to an appropriate adjustment in the Guaranteed Maximum Price in accordance with the terms of this Agreement. The Construction Manager may utilize the Construction Contingency for any items within the Cost of the Project without the necessity of a Change Order, without constituting a Change in the Project, and without resulting in any change in the Guaranteed Maximum Price. At the conclusion of the project any remaining balance in the Construction Contingency becomes the property of the Owner. The Construction Contingency will not be used to increase the Construction Manager’s fee.
Construction Contingency. Within the GMP shall be a line item amount representing five percent (5%) of the Construction Costs for the Project ("Construction Contingency"). The Construction Contingency shall originally consist of Dollars ($ ). The Construction Contingency shall be for use by Contractor, as approved by District, to pay for miscellaneous work items that are required to complete the Project, including the coverage of trade scope gaps, missed work, areas of damage that may occur between trades during construction, subcontractor coordination problems, and Contractor coordination errors. The Construction Contingency shall not be used to pay the costs of enhancements or additions to the scope of work included within the District Contingency. Contractor shall obtain written approval from District prior to using the Construction Contingency. The following may be considered, at District's sole discretion, valid Construction Contingency items: (1) overtime and premium time; (2) costs to address safety items; (3) Contractor coordination issues and errors; (4) scope gaps; (5) trade damage; (6) errors or omissions in the Construction Documents on the part of Architect and Architect's consultants; (7) discrepancies with the Construction Documents pertaining to applicable building code requirements; and (8) for other items requested by Contractor if approved by District in District's sole discretion. If, on completion of the Project, funds remain in the Construction Contingency, such funds shall remain unspent and shall be allocated to District, except for any portion of savings added to the Construction Contingency, which savings shall be apportioned at completion of the Project as provided in Section 6 below.
Construction Contingency. Each Pricing Amendment shall include a preliminary Construction Contingency in an initial amount to which Owner and Design-Builder agree.
