Common use of Project Contingency Clause in Contracts

Project Contingency. The Project Contingency is included in the GMP. Design Build Entity shall be entitled to mark-up for bonds, non-OCIP insurance (excluding subcontractor default insurance), and overhead and profit on the Direct Cost of Work for Construction Work paid for out of the Project Contingency. Such mark-up shall be at the percentages specified in Design Build Entity’s Price Proposal Form attached as Exhibit O to the Agreement.

Appears in 3 contracts

Samples: Build Services Coversheet Agreement, Agreement, Agreement

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Project Contingency. The Project Contingency is included in the GMP. Design Build Entity shall be entitled to markxxxx-up for bonds, non-OCIP insurance (excluding subcontractor default insurance), and overhead and profit on the Direct Cost of Work for Construction Work paid for out of the Project Contingency. Such markxxxx-up shall be at the percentages specified in Design Build Entity’s Price Proposal Form attached as Exhibit O to the Agreement.

Appears in 1 contract

Samples: Build Services Coversheet Agreement

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Project Contingency. The Project Contingency is included in the GMP. Design Build Entity shall be entitled to mark-up for bonds, non-OCIP insurance (excluding subcontractor Subcontractor default insurance), and overhead and profit on the Direct Cost of Work for Construction Work paid for out of the Project Contingency. Such mark-up shall be at the percentages specified in Design Build Entity’s Price Proposal Form attached as Exhibit O to the Agreement.

Appears in 1 contract

Samples: Agreement

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