Contingency Management. It is the desire of the Principal Representative to incorporate as many alternate bid items into the Project as reasonable and otherwise increase the Work to be performed by the Construction Manager, and all parties recognize that although the availability of funds will depend in part upon favorable market conditions, with thorough and careful planning, cost estimating and cooperation, funds may become available for the alternates through procurement at less than the Construction Manager's estimated cost therefore, together with savings through the unexpended portion of the bidding contingency.
Contingency Management. A contingency plan shall be in place to manage any unforeseen financial challenges or deviations from the financial plan. • Both parties shall agree upon a contingency fund and its usage to manage any unexpected financial requirements during the project.
Contingency Management. The parties have not included, other than allowances specified, any Principal Representative’s contingency in the Contract Price. The Design/Build Entity is responsible for performing in accordance with the Contract Documents, in exchange for the payment of the Contract Price by the Principal Representative. Any adjustments in the Contract Price will be governed by the General Conditions of the Design/Build Agreement.
Contingency Management. In event of a taxi driver strike, the Licensing Team Leader (or colleague) must inform the contractor at the earliest convenience. This should also be the case even if the strike is only a possibility and not a definite. • In the event of a Taxi Driver strike, the Taxi Marshals should attend the shift, remain on rank (or alternative rank) and continue to bring order to the rank by directing members of the public to alternative methods of getting home safely. • In the event of a Road Closure Order being in force, that may result in the closure of a rank, the Taxi Marshals shall be informed of the appropriate rank at which to carry out their duties.
Contingency Management. The Contractor acknowledges that, subject to available funding, it is the desire of the City to incorporate as many additional Work items into the Work as reasonable or otherwise increase the Work to be performed by the Contractor to enhance the Project. The Contractor agrees to accept a mutually agreeable reduction of the contingency whenever the City and the Contractor reasonably agree that the Project risk is substantially decreased and such agreement shall not be unreasonably withheld.
Contingency Management. The SUPPLIER shall be obliged to prepare a contingency plan for events or occurrences that may have an adverse effect on the SUPPLIER’s ability to deliver and present such plan to ACPS Automotive, if so requested. Such contingencies include, without limitation, flood, fire, computer system failure, power failure, staff shortage and defective tools or machinery. The SUPPLIER shall provide the name of a contact person for risks concerning IT security (e.g. computer system failure or cyberattacks) before an offer is prepared. With regard to risks concerning fire or explosions, the SUPPLIER shall be obliged to carry out the self - assessment that is attached to this QAA as Annex 4, sign it and return it to ACPS Automotive before series delivery commences. Should a contingency occur, ACPS Automotive must be informed without undue delay. Upon request, the SUPPLIER shall surrender tools that belong to ACPS Automotive for contingency production. The SUPPLIER shall insure against damage and consequential damage resulting from such events. Upon request, ACPS Automotive shall be granted access to the relevant insurance policies for inspection. Furthermore, the SUPPLIER shall require its subcontractors to implement corresponding contingency management measures.
