Contractor Contingency. The Contractor Contingency amount indicated herein is included in the GMP and may be used at the Contractor’s request only upon obtaining the District’s prior written approval, which shall not be unreasonably withheld. (“Contractor Contingency”). Contractor Contingency is Three Percent (3.00%). (See Attachment No. 4, Exhibit D).
4.8.1. Once the District approves the use of a portion of the Contractor Contingency amount(s), the Contractor shall invoice 100% of the approved amount of that specific Contractor Contingency on the Schedule of Values for the Tenant Improvement Payments, the District will pay 95% of that amount, and the District will withhold 5% of that amount as Retention, as indicated herein below and in Exhibit G to the Facilities Lease.
4.8.2. Prior to requesting the payment for any portion of the Contractor Contingency, Contractor must submit to the District a written request for the Contractor Contingency that shall include a description of the requested use of the Contractor Contingency and why it is necessary to complete the Project. The Contractor Contingency shall only be for the following items:
4.8.2.1. Scope Gaps, and errors in covering and pricing specific scopes of work due to mathematical miscalculations or unaccounted-for tasks at the time the GMP was established, but not for errors in judgement in pricing items such as under estimating price escalation; Contractor is not responsible for errors and omissions of the architect or architect’s consultants. As- builts shall be considered for reference only.
4.8.2.2. Construction costs associated with the refinement of incomplete design information within the Scope of Work that would have been identified and corrected prior to the bidding phase as part of a reasonable constructability review of the Documents on which the GMP is based.
4.8.2.3. Other items requested by the Contractor (e.g., overtime costs on specific items) if approved by the District and in the District’s sole discretion.
4.8.3. The Contractor Contingency shall only be used to the extent the Contractor can document that item was not otherwise in its or its Subcontractors’ pricing for the Project and only to the extent that the cost of work is not recoverable by Contractor from others, by insurance of otherwise. If the District chooses to utilize all or a portion of the Contractor Contingency for the allowable uses of the Contractor Contingency, as defined herein, the District shall notify the Contractor in writing in ac...
Contractor Contingency. The Service Provider shall include Project construction contingency in its Task Order fee proposal as indicated in the contingency schedule and as negotiated with the Trustees as part of the Task Order Request process. The Service Provider construction contingency shall be treated as an allowance. Uses of contingency shall be as approved by the Trustees, and as described in RFP 3.31. Any unused portion of the contingency shall be returned to the Trustees. Service Provider shall be responsible for any contingency overruns. The Service Provider shall not cause, or allow, the trade contractors to include any construction contingency or allowances in their bids, unless it is itemized as a Service Provider Allowance.
Contractor Contingency. Within the GMP shall be a line item amount of representing ( %) percent of the GMP to cover the Contractor Contingency (“Contractor Contingency”). The Contractor Contingency is for the exclusive use of Contractor, as approved by District, to pay for miscellaneous work items, which are required to complete the Project. Contractor shall not use the Contractor Contingency to pay for costs related to the following: (a) errors or omissions in the Construction Documents; (b) discrepancies with the plans and specifications as it pertains to applicable building code requirements; and/or (c) enhancements or additions to the Scope of Work desired by District. Costs related to (a)-(c) above will be paid for pursuant to the provisions of Section 9, below, the allowance set forth in this Section, subsection (2), or the District Contingency set forth in subsection (3).
Contractor Contingency. 4 Cost of the Work ............................................................................................................................. 4 County ............................................................................................................................................. 1
Contractor Contingency. The Contractor Contingency is for the exclusive use of the Contractor, as approved by the District, to pay for miscellaneous work items, which are required to complete the Project. The Contractor shall not use the Contractor Contingency to pay for costs related to the following: (a) errors or omissions in the construction documents; (b) discrepancies with the plans and specifications as pertains to applicable building code requirements; (c) and/or enhancements or additions to the Scope of Work desired by the District. Costs related to (a)-(c) above will be paid for pursuant to the provisions of Section 9, below, the allowance set forth in this Section, subsection (2), or the District Contingency.
Contractor Contingency. The Final GMP shall include a contingency amount to cover Contractor issues (“Contractor Contingency”) in such amount or in such percentage of the Final GMP or portion thereof as the Parties agree and set forth in the itemized Final GMP. Subject to approval by the District, the Contractor Contingency may be used upon request of the Contractor to pay costs of miscellaneous work or items reasonably necessary for the Contractor to complete the Project, including, but not limited to, increases in materials costs not reasonably foreseeable by the Contractor prior to the Operative Date. Any portion of the Contractor Contingency remaining after completion of all Work shall be considered a savings and shall be split between the Parties with the District retaining seventy-five percent (75%) of the remaining amount and the Contractor receiving, as a performance incentive, the other twenty-five percent (25%) of the remaining amount.
Contractor Contingency. The GMP shall include a maximum contingency amount to cover reasonably unanticipated Contractor issues (“Contractor Contingency”) in the amount specified in Exhibit E to this CSA. Upon prior approval by the District in writing, the Contractor Contingency may be used to pay unanticipated costs associated with performance of the Work or items reasonably necessary for the Contractor to complete the Project. Any portion of the Contractor Contingency remaining after completion of all Work shall be considered a savings and shall be split between the Parties with the District retaining seventy-five percent (75%) of the remaining amount and the Contractor receiving the other twenty-five percent (25%) of the remaining amount as a performance incentive.
Contractor Contingency
