CONSTRUCTION MANAGER CONTINGENCY Sample Clauses

CONSTRUCTION MANAGER CONTINGENCY. Construction Manager’s GMP contains a Construction Manager Contingency to cover the risks inherent in providing a GMP for the Work. Construction Manager may not use the Construction Manager Contingency established for the GMP to fund any Cost of the Work applicable to and in excess of the GCGMP or SPGMP, if any; Construction Manager acknowledges that the GCGMP and the SPGMP each have their own contingencies that are already part of the GCGMP and SPGMP and that are separate from the Construction Manager Contingency. Up to a GMP of $740,000,000, the Construction Manager Contingency shall be the lesser of four and one half percent (4.5%) of the Cost of the Work or Thirty Million Dollars ($30,000,000).
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CONSTRUCTION MANAGER CONTINGENCY. The Guaranteed Maximum Price shall include a contingency for the Construction Manager's exclusive use (hereinafter the "Construction Manager's Contingency") to cover those costs considered reimbursable as the Cost of Construction. The Construction Manager Contingency shall be available for the Construction Manager's exclusive use at any time, including at the time of final payment, for reimbursement of costs and expenses (1 ) reasonably incurred by Construction Manager in performing the Work, (2) of a type that are reimbursable under this Agreement as a Cost of Construction , and (3) that are not otherwise the basis for a Change Order (it being understood that the Construction Manager Contingency shall not be used to fund any Work which would otherwise be subject to a Change Order); including, by way of example but not limitation, (a) Work items inadvertently omitted during the estimating and bidding process, (b) schedule recovery costs associated with normal weather, (c) cost increases due to unanticipated local labor and material market conditions, (d) interfacing omissions between and from the various categories of Work; and (e) additional costs incurred due to the withdrawal or disqualification of a subcontractor bid forming the basis for the GMP prior to signing of a written subcontract. Construction Manager shall furnish the OWNER with a monthly Contingency Log showing all reimbursements from the Construction Manager Contingency. In no event may Construction Manager use the Construction Manager Contingency to reimburse itself for costs and expenses incurred as the result of the grossly negligent failure of Construction Manager or its subcontractors to discharge their respective responsibilities with respect to the Work. Costs and expenses reimbursable from the Construction Manager Contingency shall not exceed the amount of the Construction Manager Contingency identified as an element of the Guaranteed Maximum Price set forth in the GMP Proposal, provided that the amount of the Construction Manager Contingency shall be increased automatically by the net savings, if any, realized through subcontract and/or purchase order buyout or due to other under runs against the various amounts and allowances that compose the overall Guaranteed Maximum Price. When the Construction Manager Contingency is exhausted, all costs and expenses that would qualify for reimbursement from the Construction Manager Contingency shall be borne by the Construction Manager unless s...
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Related to CONSTRUCTION MANAGER CONTINGENCY

  • 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 Management Landlord or its Affiliate or agent shall supervise the Work, make disbursements required to be made to the contractor, and act as a liaison between the contractor and Tenant and coordinate the relationship between the Work, the Building and the Building’s Systems. In consideration for Landlord’s construction supervision services, Tenant shall pay to Landlord a construction supervision fee equal to three percent (3%) of Tenant’s Costs specified in Section 7.

  • Construction Management Plan Contractor shall prepare and furnish to the Owner a thorough and complete plan for the management of the Project from issuance of the Proceed Order through the issuance of the Design Professional's Certificate of Material Completion. Such plan shall include, without limitation, an estimate of the manpower requirements for each trade and the anticipated availability of such manpower, a schedule prepared using the critical path method that will amplify and support the schedule required in Article 2.1.5 below, and the Submittal Schedule as required in Article 2.2.3. The Contractor shall include in his plan the names and resumés of the Project Superintendent, Project Manager and the person in charge of Safety.

  • Construction Manager The individual, partnership, corporation, joint venture, or any combination thereof, or its authorized representative, named as such by the District. If no Construction Manager is used on the Project that is the subject of this Contract, then all references to Construction Manager herein shall be read to refer to District.

  • Construction Management Fee The Construction Management Fee for the Project shall be either a ☒Lump Sum or ☐Not-To-Exceed Fee of Thirty-Six Thousand, Eight Hundred Forty-Six Dollars and Twenty-Six Cents ($36,846.26). NOTE: Allowances will be on a Not-To-Exceed basis. All unused funds will be returned to the School District at the time of construction closeout. Fee will be paid only on cost of work for these items. Exhibit C- Project Assignment Page 2 of 4

  • Construction Management Services a. A-E may be required to review and recommend approval of submittals, shop drawings, Request for Information (RFI) and/or calculations for temporary structures such as trench shoring, false work and other temporary structural forms. b. A-E may be required to review and advise the County Representative on the overall project schedule, including staging and completion dates, duration, milestones, and interfaces. Immediately notify Representative if the proposed work schedule does not conform to the contract documents, including the plans, specifications, and permits or that may require special inspection or testing, or work stoppage. c. Review on a monthly basis the project schedule and/or Critical Path Method (CPM) schedule submitted by the Construction Contractor. Make recommendations concerning the Construction Contractor’s adherence thereto. Recommend possible solutions to scheduling problems so as to complete the project on time, within budget, and in accordance with the contract drawings and specifications. d. Review scope of work and identify potential contract change orders. Prepare independent cost estimates for any changes resulting from design revisions or change in field conditions. Prepare and recommend for approval all contract change orders. e. Evaluate the merit of any potential claims or requests for equitable adjustment submitted by the Construction Contractor. Prepare analysis of potential claims include recommendations regarding settlement of the claims. f. Assist County staff in project related issues with other Agencies, or departments, engineering and material testing support firms, CEQA consultants, utilities agencies, etc. g. Assist in community outreach meetings and media relations h. Review for acceptance/approval of Storm Water Pollution Prevention Plan (SWPPP) in accordance with the general Permit of Discharges of Storm Water Associated with Construction Activity (Construction General Permit, including dewatering/diversion plans per the State’s DeMinimus Permit).

  • Construction, Etc Each covenant contained herein shall be construed (absent express provision to the contrary) as being independent of each other covenant contained herein, so that compliance with any one covenant shall not (absent such an express contrary provision) be deemed to excuse compliance with any other covenant. Where any provision herein refers to action to be taken by any Person, or which such Person is prohibited from taking, such provision shall be applicable whether such action is taken directly or indirectly by such Person. For the avoidance of doubt, all Schedules and Exhibits attached to this Agreement shall be deemed to be a part hereof.

  • Construction Services 4,500 thousand SDR for Japan Post in Group A 15,000 thousand SDR for all other entities in Group A 4,500 thousand SDR for entities in Group B Architectural, engineering and other technical services covered by this Agreement: 450 thousand SDR

  • Construction Phase Services 3.1.1 – Basic Construction Services

  • Utilization Management Contractor shall maintain a utilization management program that complies with applicable laws, rules and regulations, including Health and Safety Code § 1367.01 and other requirements established by the applicable State Regulators responsible for oversight of Contractor.

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