Common use of Basis of Adjustments Clause in Contracts

Basis of Adjustments. The contingency costs incurred by Construction Manager under Article 1.5.5 shall be reimbursable to Construction Manager from the Construction Contingency component of the GMP Change Order. The amount of the Construction Contingency shall be increased by the net amount of (i) the aggregate by which Trade Contracts entered by Construction Manager are less than line item amounts stated in Construction Manager's construction budget for each particular Trade Contract less (ii) the aggregate amount by which Trade Contracts entered by Construction Manager exceeds the line item amount stated in Construction Manager's construction budget for each particular Trade Contract. All net amounts saved, if any, shall be added to the existing Construction Contingency amount and shall be available for all purposes permitted under this Article 1.5.6.