Management Reserve Sample Clauses
A Management Reserve clause establishes a specific portion of the project budget or resources that is set aside to address unforeseen costs or risks that may arise during the course of a project. This reserve is not allocated to any particular task or activity at the outset, but can be accessed with appropriate approval when unexpected issues or changes occur. By providing a financial buffer, the clause helps ensure that the project can adapt to uncertainties without jeopardizing overall objectives or requiring renegotiation of the contract.
POPULAR SAMPLE Copied 1 times
Management Reserve. This Scope and Budget assumes a Management Reserve of 5% of the budgeted hours for Consultant staff., which may be needed for issues including, but not limited to: o Contractor Working Days added by Change Order(s) o Support during non-working days. A non-working day is defined in the WSDOT Standard Specifications as “…unworkable because of weather or conditions caused by the weather that prevents satisfactory and timely performance of the work shown on the critical path of the contractors approved schedule.” o Resolution of Contract Disputes that extend beyond the Contract working days. o Support during periods of suspension or other periods of inactivity not counted as working days against the contract. It is possible that more than the included 5% of additional support is needed, and/or The City of Kirkland may require other services of the Consultant. These services could include other work tasks not included in the scope of work. These services may include, but are not necessarily limited to, additional construction support, additional project closeout assistance, assistance with property issues, or other services deemed necessary by the City. At the time these services are required, the Consultant shall provide the City with a detailed scope of work and an estimate of costs. The Consultant shall not proceed with the work until the City has authorized the work and issued a Notice to Proceed. Construction Services in addition to this scope of work are estimated at approximately $3,200/day. EXHIBIT X PRIME CONSULTANT COST COMPUTATIONS Startup Construction Closeout Total Client: City of Kirkland Weeks 3 20 6 29
Management Reserve. This Scope and Budget contains no additional support for the CM team for issues such as, but not limited to:
Management Reserve. PG&E shall maintain a $90,000.00 management reserve (15% of total implementation cost, not including inflation) for funding of unrealized implementation, monitoring, or maintenance costs. MPRPD shall provide written justification explaining the specific conditions that warrant a funding release from the Management Reserve. MPRPD shall provide said written justification to PG&E for review and approval, which should not be reasonably withheld, no less than 60 days in advance of requested funding release date. If approved, PG&E shall provide funding within 20 days of requested date.
Management Reserve. A Management Reserve is created to provide budget capacity to address additional services that cannot be estimated at this time. These services could include, but not be limited to:
Management Reserve. A project contingency, for unanticipated items or services performed outside the Scope of Services, in the amount of $10,000 is included within the City’s project budget for consultant services. This budget amount will only be used at the written direction of the City. The following services are not a part of this Agreement. If the City chooses to add one or more of the following services to this Scope of Services, then this Agreement shall be modified in terms of an addition to the total compensation to be paid to the Consultant and an appropriate extension of time (as necessary) to the Consultant’s schedule.
1. Permit investigation and development of permit applications.
2. Coordination with City of Edmonds’s Fire Marshal regarding review and approval of proposed improvements.
Management Reserve. A Management Reserve is created to provide budget capacity to address additional services that cannotbe estimated at this time. These services could include, but not be limited to: • Follow‐up Activities After General Public Meeting in Murrieta, including responding to additionalcomments, preparing additional errata sheets, and revising presentations. • Performing additional analyses as directed by LAFCO. If LAFCO directs FG Solutions to perform additional services, FG Solutions and LAFCO will agree on a scope and budget for the additional services. FG Solutions would commence work on the additional services upon written direction from LAFCO. FG Solutions’s not to exceed cost below. The not to exceed cost includes labor and out‐of‐pocket expenses. Out‐of‐pocket expenses are expected to include air travel, local travel to/from airport, hotel, car rental, and meals. The fee estimate is based on completion of this scope in 2021. Task 1. Respond to Comments and Prepare Errata Sheets 22 4 $5,390 $5,390 Task 2. Prepare Presentation for Public Meetings 4 4 $1,520 $1,520 ▇▇▇▇ ▇▇. In Person Meeting Attendance 40 6 $9,590 $2,700 $12,290 ▇▇▇▇ ▇▇. Virtual Meeting Attendance 16 6 $4,430 $4,430 Task 4. Management Reserve $10,000 Total, with Task 3a (In Person Meeting Attendance) $29,200 Total, with ▇▇▇▇ ▇▇ (Virtual Meeting Attendance) $21,340 Note 1: Hourly Rates, Calendar Year 2021 Art ▇▇▇▇▇▇▇▇, Principal and Project Manager $215.00 ▇▇▇▇ ▇▇▇▇▇▇, Principal and Senior Consultant $165.00 Hourly rates are applicable for calendar year 2021. FG Solutions adjusts its hourly rates and expenses on January 1 of each year by an inflationary amount of 3% per year. Art ▇▇▇▇▇▇▇▇, Principal and Project Manager $215 ▇▇▇▇ ▇▇▇▇▇▇, Principal and Senior Consultant $165 Hourly rates are applicable for calendar year 2021. FG Solutions adjusts its hourly rates and expenses on January 1 of each year by 3% inflation. 1 SECOND AMENDMENT TO THE MURRIETA FOCUSED MUNICIPAL SERVICES 2 REVIEW FUNDING PARTICIPATION AGREEMENT 4 This SECOND AMENDMENT TO THE MURRIETA FOCUSED MUNICIPAL 5 SERVICES REVIEW FUNDING PARTICIPATION AGREEMENT, entered into this day 6 of , 2021 is made and entered, by and between the Riverside Local Agency Formation 7 Commission, a commission created within the County of Riverside by the provisions of the ▇▇▇▇▇▇▇- 8 ▇▇▇▇-▇▇▇▇▇▇▇▇▇ Local Government Reorganization Act of 2000, set forth in Government Code 9 section 56000 et seq. (herein referred to as “LAFCO”), and the following fo...
Management Reserve. The Management Reserve will cover additional work identified during execution of other project tasks, if needed. Scope and cost for items outside the scope and cost estimate will be agreed upon by the City and Consultant and authorized by the City prior to executing work under the Management Reserve. Optional Tasks These optional tasks are not included in the attached cost estimate, but the City could decide during the project that the tasks are needed and direct the consultant to implement them using the management reserve or additional funding should that become available.
Management Reserve. Objective: Provide supplemental services as requested by the City. Approach: ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇: Project Schedule Fee Estimate Amendment No. 3 City of Snoqualmie Lift Station Improvements Lift Station Nos. 1 and 2 Force Mains Services During Construction Apr-21 Description Total Hours Total Labor Total Expense Total Cost Task 1 Project Management 32 $ 7,376 $ 224 $ 7,600
Management Reserve. A Management Reserve has been established for this project to provide flexibility of authorizing additional funds to the Agreement for allowable unforeseen costs or reimbursing KPG for additional work beyond that already defined in this Agreement. Such authorization(s) shall be in writing, prior to KPG expending any effort on such services, and shall not exceed $10,000.
Management Reserve. The services described under this task, and any other additional services requested by the City of Puyallup, will be performed only when authorized by the City. Authorization to perform additional services will be in the form of a supplement to this agreement, specifying the work to be performed, and basis of payment. A previously apprved Management Reserve of $5000 was included in Supplement #1. • Materials testing. • Provide any additional services resulting from changes in scope or design of the project. Changes include, but are not limited to, changes in size, complexity, the schedule, character of construction, or method of financing. • Preparation of award submittal for APWA, ASCE, and other agencies. • beyond the scope of the change order process described herein. • Other activities deemed necessary by the City of Puyallup.