Common use of Realized Savings Clause in Contracts

Realized Savings. If there are any savings realized in actual expenditures for the Cost of Work, those savings shall be returned to TFC through a credit Change Order at the conclusion of the Project. Returned costs shall include the portion of Construction Management Fee proportioned to the reduced Cost of Work.

Appears in 4 contracts

Samples: Construction, www.tfc.texas.gov, www.tfc.state.tx.us

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