Common use of Owner’s Construction Contingency Clause in Contracts

Owner’s Construction Contingency. The following lump sum amount shall serve as the Owner’s Construction Contingency from which changes in the Work are to be paid in accordance with the General Conditions: $250,000.00 The Owner’s Construction Contingency is controlled solely by the Owner. Expenditures from the Owner’s Construction Contingency must be made by Change Order issued by the Architect and approved by the Owner in accordance with the General Conditions. Contractor shall not be entitled to any compensation from the any unused amounts of the Owner’s Construction Contingency.

Appears in 4 contracts

Samples: That Certain Agreement, That Certain Agreement, Agreement

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Owner’s Construction Contingency. The following lump sum amount shall serve as the Owner’s Construction Contingency from which changes in the Work are to be paid in accordance with the General Conditions: $250,000.00 15,414.28 The Owner’s Construction Contingency is controlled solely by the OwnerOwner and such amount is not included in the Contract Price set out in 5.1 above. Expenditures from the Owner’s Construction Contingency must be made by Change Order issued by the Architect and approved by the Owner in accordance with the General Conditions. Contractor shall not be entitled to any compensation from the any unused amounts of the Owner’s Construction Contingency.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

Owner’s Construction Contingency. The following lump sum amount shall serve as the Owner’s Construction Contingency from which changes in the Work are to be paid in accordance with the General Conditions: $250,000.00 50,000.00 The Owner’s Construction Contingency is controlled solely by the OwnerOwner and such amount is not included in the Contract Price set out in 5.1 above. Expenditures from the Owner’s Construction Contingency must be made by Change Order issued by the Architect and approved by the Owner in accordance with the General Conditions. Contractor shall not be entitled to any compensation from the any unused amounts of the Owner’s Construction Contingency.

Appears in 2 contracts

Samples: Agreement, Agreement

Owner’s Construction Contingency. The following lump sum amount shall serve as the Owner’s Construction Contingency from which changes in the Work are to be paid in accordance with the General Conditions: $250,000.00 180,000.00 The Owner’s Construction Contingency is controlled solely by the OwnerOwner and such amount is not included in the Contract Price set out in 5.1 above. Expenditures from the Owner’s Construction Contingency must be made by Change Order issued by the Architect and approved by the Owner in accordance with the General Conditions. Contractor shall not be entitled to any compensation from the any unused amounts of the Owner’s Construction Contingency.

Appears in 2 contracts

Samples: Agreement, Agreement

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Owner’s Construction Contingency. The following lump sum amount shall serve as the Owner’s Construction Contingency from which changes in the Work are to be paid in accordance with the General Conditions: $250,000.00 $ 37,472.00 The Owner’s Construction Contingency is controlled solely by the OwnerOwner and such amount is not included in the Contract Price set out in 5.1 above. Expenditures from the Owner’s Construction Contingency must be made by Change Order issued by the Architect and approved by the Owner in accordance with the General Conditions. Contractor shall not be entitled to any compensation from the any unused amounts of the Owner’s Construction Contingency.

Appears in 2 contracts

Samples: Agreement, Agreement

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