Examples of Contingency in a sentence
Project’s Contingency will not be used for changes in scope or for any item that would be the basis for an increase in the GMP.
The GMP proposal will contain, as part of the estimated cost of the Work, Project’s Contingency, a sum mutually agreed upon, controlled by District, and monitored by District and Developer to cover costs that are properly reimbursable as a cost of the Work, but are not the basis for a Change Order.
Developer will provide District with a monthly accounting of charges against Project’s Contingency, if applicable, with each application for payment.
The Construction Contingency Fund may be used for costs associated with Entity, subcontractor or supplier’s Excusable Delay (as allowed in Exhibit D, Article 14), lack of coordination or inefficiencies.
The Entity may draw upon the Construction Contingency Fund, but not the District Contingency, for any increased costs it incurs for replacing a subcontractor under this paragraph, but the Entity shall not be entitled to any increase of that contingency, any increase in the Total Base Rent, or any increase in the lease Term.