Design/Build Contractor’s Contingency Sample Clauses

Design/Build Contractor’s Contingency. 13.3.1 The Guaranteed Maximum Price Proposal may include a Design/Build Contractor’s Contingency amount to be used to fund increases in the Direct Construction Cost of the Project identified through the refinement, development and completion of the Construction Documents or procurement of the Work. 13.3.2 Any re-allocation of funds from the Design/Build Contractor’s Contingency to cover increases in the Direct Construction Cost must be approved by the Owner in advance and in writing, such approval not to be unreasonably withheld. In written requests to use the Design/Build Contractor’s Contingency, the Design/Build Contractor shall provide detailed documentation of the scope of work affected and the bases for any increases in costs. 13.3.3 The Design/Build Contractor’s Contingency is specifically not to be used for Contractor rework, unforeseen conditions, cost increases caused by lack of coordination or communication with the Project Architect or trade Subcontractors, or to correct errors or omissions in the Construction Documents. 13.3.4 As the Construction Documents are finalized and the Buyout of the Work progresses the Design/Build Contractor’s Contingency amount shall be reduced by mutual agreement of Owner and Contractor. Any balance in the Design/Build Contractor’s Contingency fund remaining at the end of the Project shall be returned to the Owner as savings.
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Design/Build Contractor’s Contingency. 13.3.1 The GMP Proposal may include a Design/Build Contractor’s Contingency amount to be used to fund increases in the Direct Construction Cost of the Project identified through the refinement, development and completion of the Construction Documents or procurement of the Work. The Design/Build Contractor’s Contingency shall be as set forth in the Special Conditions, if any, or as negotiated between the parties and shall reflect the risk inherent in the state of completion of the Construction Documents at the time the GMP proposal is submitted. 13.3.2 Any re-allocation of funds from the Design/Build Contractor’s Contingency to cover increases in the Direct Construction Cost must be approved by the Owner in advance and in writing, such approval not to be unreasonably withheld. In written requests to use the Design/Build Contractor’s Contingency, the Design/Build Contractor shall provide detailed documentation of the scope of work affected and the bases for any increases in costs resulting in the need to use Design/Build Contractor’s Contingency funds. 13.3.3 The Design/Build Contractor’s Contingency is specifically not to be used for Contractor rework, cost increases caused by lack of coordination or communication with the Project Architect/Engineer or trade Subcontractors, or to correct errors or omissions in the Construction Documents. 13.3.4 As the Construction Documents are finalized and the buyout of the Work progresses, the Design/Build Contractor’s Contingency amount shall be reduced by mutual agreement of Owner and Contractor. Except as otherwise agreed in writing by the ODR, buyout of the Work shall be completed within the first twenty percent (20%) of the construction duration for each respective stage of construction. Should savings from buyout occur after the period required for completion of buyout, such savings, and related reductions to the Design/Build Contractor’s Contingency amount, will be handled in accordance with the provisions of Article 15. 13.3.5 Any balance in the Design/Build Contractor’s Contingency fund remaining at the end of the Project shall be returned to the Owner as savings.
Sample 1

Related to Design/Build Contractor’s Contingency

  • Contractor’s Contract Manager The Contractor’s Contract Manager, who is primarily responsible for the Contractor’s oversight of the Contract performance, will be identified in a separate writing to the Department upon Contract signing in the following format: Contractor’s Contract Manager Name Contractor’s Name Contractor’s Physical Address Contractor’s Telephone # Contractor’s Email Address If the Contractor changes its Contract Manager, the Contractor will notify the Department. Such a change does not require an amendment to the Contract.

  • Contractor’s Equipment Payment for required equipment owned by the Construction Manager or an affiliate of the Construction Manager will be based solely on an hourly rate derived by dividing the current appropriate monthly rate by 176 hours. No payment will be made under any circumstances for repair costs, freight and transportation charges, fuel, lubricants, insurance, any other costs and expenses, or overhead and profit. Payment for such equipment made idle by delays attributable to the Government will be based on one-half the derived hourly rate under this subsection.

  • Contractor’s Expense The Contractor will be responsible for all costs related to photo copying, telephone communications and fax communications while on County sites during the performance of work and services under this Contract.

  • B5 Contractor’s Staff The Authority may, by written notice to the Contractor, refuse to admit onto, or withdraw permission to remain on, the Authority’s Premises:

  • Contractor’s Staff 1. The Contractor shall maintain adequate staff to meet the Contractor’s obligations under this Agreement. 2. This staff shall be available to the State for training and meetings which the State may find necessary from time to time.

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Work Load The professional obligation of academic employees comprises both scheduled and non-scheduled activities. The Guild and the District recognize that it is part of the professional responsibility of faculty to carry out their duties in an appropriate manner and place. As part of this responsibility faculty are expected to play an important role in the recruitment and retention of students, campus and departmental governance, program review, accreditation, planning and mentoring. Faculty commitment to retention will be demonstrated by informing students that they are to talk with the instructor prior to dropping the course. Faculty are encouraged to include a statement to this effect in their course syllabi. While it is understood that course syllabi content falls within the purview of the individual faculty member’s academic freedom, the parties also understand that items required to be part of syllabi in order to maintain college or continuing education accreditation must also be included. Tenured/tenure-track faculty who have less than a full-time contract are not eligible to work any additional assignments including long-term substitution (day-to-day substitution is allowed provided the limits specified in Section 5.2.1.3 are not exceeded). Faculty assignments shall be made in the following priority order: Tenured/tenure-track, pro- rata, overload, Priority of Assignment (POA) adjunct faculty assignments, then non-POA adjunct faculty.

  • Installation, Maintenance, Testing and Repair Unless otherwise agreed in writing by the Parties, to the extent required by Applicable Law, Interconnection provided by a Party shall be equal in quality to that provided by such Party to itself, any subsidiary, affiliates or third party. If either Party is unable to fulfill its obligations under this Section 14.2, it shall notify the other Party of its inability to do so and will negotiate alternative intervals in good faith. The Parties agree that to the extent required by Applicable Law, the standards to be used by a Party for isolating and clearing any disconnections and/or other outages or troubles shall be at parity with standards used by such Party with respect to itself, any subsidiary, affiliate or third party.

  • Construction Phase Services 3.1.1 – Basic Construction Services

  • Contractor’s Services shall be performed in accordance with generally accepted professional practices and principles and in a manner consistent with the level of care and skill ordinarily exercised by members of Contractor’s profession currently practicing under similar conditions. Contractor shall comply with the profession’s standard of performance, applicable laws, regulations, and industry standards. By delivery of completed work, Contractor certifies that the work conforms to the requirements of this Agreement and all applicable federal, state and local laws. If Contractor is retained to perform services requiring a license, certification, registration or other similar requirement under California law, Contractor shall maintain that license, certification, registration or other similar requirement throughout the term of this Agreement.

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