Owner’s Construction Contingency Sample Clauses

Owner’s Construction Contingency. The following lump sum amount shall serve as the Owner’s Construction Contingency from which changes in the Work are to be paid in accordance with the General Conditions: $250,000.00 The Owner’s Construction Contingency is controlled solely by the Owner. Expenditures from the Owner’s Construction Contingency must be made by Change Order issued by the Architect and approved by the Owner in accordance with the General Conditions. Contractor shall not be entitled to any compensation from the any unused amounts of the Owner’s Construction Contingency.
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Owner’s Construction Contingency. This is a lump-sum amount from which contract changes may be funded in accordance with the UGC. Any unused amount will be deducted by the Owner from the Contract Sum by Change Order. DOLLARS ($ )
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Owner’s Construction Contingency. The parties agree that the Owner’s Construction Contingency shall be as set forth in the GMP Amendment and shall reflect the Owner’s directed changes in the work which are not identified at the time the GMP is established. The Construction Manager shall not draw down the Owner’s Construction Contingency without Owner’s approval.
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Owner’s Construction Contingency. 11.9.1 Owner’s Construction Contingency is a contingency fund created by Owner as part of the Contract Sum to cover the cost of unforeseen conditions that that develop during the Construction Phase. Expenditures from the Owner’s Construction Contingency must be approved in writing by the Owner by CEA.
Sample 1

Related to Owner’s Construction Contingency

  • Project Construction The Contractor agrees to provide continuous on-site supervision on each Job Order, while progress on the project is being accomplished. The Contractor’s Project Manager will ensure:

  • BUILDER’S RISK FOR CONSTRUCTION RENOVATION PROJECTS If the project is CONSTRUCTION RENOVATION of an existing structure, and the State has already determined that Contractor will not be obligated to obtain and maintain Builder’s Risk insurance, then the following provisions apply:

  • Special Construction If, after an order is placed, Xxxxxxx finds that third-party special construction services are needed to build, configure or install any additional facilities and/or equipment necessary for Verizon to provide Access service, Verizon will notify the Customer of any such special construction charges. If Customer does not accept the special construction charges, Customer may terminate the order(s) affected by the special construction charges, with no cancellation fee(s).

  • BUILDER’S RISK FOR NEW CONSTRUCTION PROJECTS If the project is NEW CONSTRUCTION, then the following provisions apply:

  • Project Construction Budget The project construction cost allowance specifically stated in writing as the ‘revised’ or ‘current’ ‘Project Construction Budget’ by the Trustees at each applicable phase of plan development.

  • Contract Construction 6.27.1 The parties acknowledge that each party and its counsel have reviewed this CONTRACT and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this CONTRACT or any amendment or exhibits hereto.

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