Common use of Construction Manager’s Contingency Clause in Contracts

Construction Manager’s Contingency. 13.3.1 The Guaranteed Maximum Price Proposal may include a Construction Manager’s Contingency amount to be used to fund increases in the Direct Construction Cost of the Project identified through the refinement, development and completion of the Construction Documents or procurement of the Work.

Construction Manager’s Contingency. 13.3.1 1. The Guaranteed Maximum Price Proposal may include a an amount (the “Construction Manager’s Contingency amount Contingency”) to be used to fund increases in the Direct Construction Cost Costs of the Project identified through the refinement, development and completion of the Construction Documents or procurement of the Work. The Construction Manager’s Contingency shall be negotiated between the parties and it shall reflect the risk inherent in the state of completion of the Construction Documents at the time the GMP proposal is submitted.

Construction Manager’s Contingency. 13.3.1 13.2.1 The Guaranteed Maximum Price Proposal may include a Construction Manager’s Contingency amount to be used to fund increases in the Direct Construction Cost of the Project identified through the refinement, development and development, procurement or completion of the Construction Documents or procurement of the Work.