Common use of Contingency Budget Clause in Contracts

Contingency Budget. Ten percent, (10%), of the construction budget shall be set aside for the project contingency. When appropriate, CDB may permit the base bid to be designed up to 95 percent of the construction budget for selected projects.

Appears in 10 contracts

Samples: Professional Services, Professional Services, Professional Services

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!