Common use of Construction Manager’s Contingency Clause in Contracts

Construction Manager’s Contingency. shall be no greater, as a percentage of the estimated Cost of the Work, than the following at each of the following phases: ten percent (10 %) at Pre-Design ten percent (10 %) at Conceptual Schematic Design eight percent (8 %) at Advanced Schematic Design six percent (6 %) at Design Development five percent (5 %) at (60 %) Construction Documents three percent (3 %) at the time the GMP proposal is submitted two percent (2%) at the time that Construction Manager has bought out Trade Contracts representing ninety percent (90%) of the Cost of Work or more.

Appears in 3 contracts

Samples: Business Affairs Facilities Planning and Construction, Agreement for Construction Management Services, Affairs Facilities Planning and Construction

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Construction Manager’s Contingency. shall be no greater, as a percentage of the estimated Cost of the Work, than the following at each of the following phases: ten ten percent (10 10 %) at Pre-Design ten ten percent (10 10 %) at Conceptual Schematic Design eight eight percent (8 8 %) at Advanced Schematic Design six six percent (6 6 %) at Design Development five five percent (5 5 %) at (60 60 %) Construction Documents three three percent (3 3 %) at the time the GMP proposal is submitted two two percent (2%2%) at the time that Construction Manager has bought out Trade Contracts representing ninety percent (90%) of the Cost of Work or more.

Appears in 2 contracts

Samples: Agreement for Construction Management Services, Agreement for Construction Management Services

Construction Manager’s Contingency. shall be no greater, as a percentage of the estimated Cost of the Work, than the following at each of the following phases: ten percent (10 10%) at Pre-Design ten percent (10 10%) at Conceptual Schematic Design eight percent (8 8%) at Advanced Schematic Design six percent (6 6%) at Design Development five percent (5 5%) at (60 %) Construction Documents three percent (3 3%) at the time the GMP proposal is submitted two percent (2%) at the time that Construction Manager has bought out Trade Contracts representing ninety percent (90%) or more of the Cost of Work or more.Work

Appears in 1 contract

Samples: Agreement for Construction Management Services

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Construction Manager’s Contingency. shall be no greater, as a percentage of the estimated Cost of the Work, than the following at each of the following phases: ten percent (10 %) at Pre-Design ten percent (10 %) at Conceptual Schematic Design eight percent (8 %) at Advanced Schematic Design six percent (6 %) at Design Development five percent (5 %) at (60 %) Construction Documents three percent (3 %) at the time the GMP proposal is submitted two percent (2%) at the time that Construction Manager has bought out Trade Contracts representing ninety percent (90%) of the Cost of Work or more.

Appears in 1 contract

Samples: facilities.ufl.edu

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