Common use of Shared Project Contingency Savings Clause in Contracts

Shared Project Contingency Savings. Upon Completion, any remaining and unused Project Contingency shall be finalized and confirmed by the Parties. Design Build Entity shall be issued twenty-five percent (25%) of the total unused balance of the Project Contingency and return seventy-five percent (75%) to Judicial Council through a deductive Change Order. No additional fees or markups will be issued to the Design Build Entity in excess of 25% of the unused Project Contingency balance.

Shared Project Contingency Savings. Upon Completion, any remaining and unused Project Contingency shall be finalized and confirmed by the Parties. Design Build Entity shall be issued twenty-five percent (25%) of the total unused balance of the Project Contingency and return seventy-five percent (75%) to Judicial Council through a deductive Change Order. No additional fees or markups mark-ups will be issued to the Design Build Entity in excess of 25% of the unused Project Contingency balance.