Common use of Contingency Clause in Contracts

Contingency. 2.1.9.1 The Guaranteed Maximum Price includes a Contingency of approximately ten percent (10%) of the Cost of the Work as described in Section 2.1.1, 2.1.2, and 2.1.3 for potential additional construction costs for unforeseen conditions that occur over the course of construction and/or scope gaps between the subcontract categories of the Work. 2.1.9.2 The Contingency is not intended for such things as scope changes. 2.1.9.3 The Contingency shall not be used without the agreement of the District. 2.1.9.4 The unused portion of the Contingency shall be considered as cost savings and retained by the District at the end of the Project.

Contingency. 2.1.9.1 The Guaranteed Maximum Price includes a Contingency of approximately ten percent (10_ %) of the Cost of the Work as described in Section 2.1.1, 2.1.2, and 2.1.3 for potential additional construction costs for unforeseen conditions that occur over the course of construction and/or scope gaps between the subcontract categories of the Work. 2.1.9.2 The Contingency is not intended for such things as scope changes. 2.1.9.3 The Contingency shall not be used without the agreement of the District. 2.1.9.4 The unused portion of the Contingency shall be considered as cost savings and retained by the District at the end of the Project.

Contingency. 2.1.9.1 The Guaranteed Maximum Price includes a Contingency of approximately ten percent (10( %) of the Cost of the Work as described in Section 2.1.1, 2.1.2, and 2.1.3 for potential additional construction costs for unforeseen conditions that occur over the course of construction and/or scope gaps between the subcontract categories of the Work. 2.1.9.2 The Contingency is not intended for such things as scope changes. 2.1.9.3 The Contingency shall not be used without the agreement of the District. 2.1.9.4 The unused portion of the Contingency shall be considered as cost savings and retained by the District at the end of the Project.