Contingency Costs definition

Contingency Costs means those items of Cost of the Work attributable to a contingency for which the Owner is responsible and which are payable by the Owner to the Design/Builder pursuant to a Change Order as provided in Article 6.

Contingency Costs means unforeseen costs or situations not included in the estimate of project costs.

Contingency Costs means those reasonable costs actually incurred incident to the performance of Work under this Agreement and prior to Project Completion of the Project, which are not reimbursable as a Cost of the Work, are not attributable to Willbros’ negligence, willful misconduct or breach of this Agreement, are not recoverable from Subcontractors, Vendors or insurers, and for which records required hereunder exist and are contemporaneously prepared and maintained (“Contingency Costs”).

Examples of Contingency Costs in a sentence

• Such audit shall also take into consideration Contingency Costs expended and the Willbros Management Fee in order to calculate the Actual Contract Amount in accordance with Paragraph 2.2 of Attachment I to the Letter Agreement.

• Subject to additions and deductions by Change Order, Cheniere shall pay Willbros for performance of the Work to be performed by Willbros for the Project as described in this Agreement and Schedule “B”, the “Contract Amount” consisting of (i) the Cost of the Work, (ii) the Willbros Management Fee, (iii) Contingency Costs, and (iv) Louisiana sales and use taxes applicable to permanent materials and equipment to be incorporated into the Project.

• If Willbros fails to submit the Dispute within such seven (7) day period, Willbros shall be deemed to have agreed with Cheniere’s accountants report on the Cost of the Work and Contingency Costs.

• If Cheniere’s accountants report the Cost of the Work and Contingency Costs as substantiated by Willbros final audit to be less than claimed by Willbros, and Willbros disagrees with Cheniere’s accountants reporting of the Cost of the Work and Contingency Costs, Willbros has the right, within seven (7) days of its receipt of the Cheniere’s accountants’ report, to submit the Dispute for resolution in accordance with Paragraph 14.

• Contingency: Costs for a future event or circumstance which is possible, but can not be predicted with certainty.

• Notwithstanding to the contrary set forth herein, the SP Contingency shall be included in Subleased Premises Agreed Costs only to the extent used by Overlandlord for SP Contingency Costs.

More Definitions of Contingency Costs

Contingency Costs means unforeseen costs or situations which are not included in the estimate of project costs and shall not exceed 10 percent of the estimated eligible construction cost to the nearest dollar for which a grant is made under the act. Upon receipt of bids, the contingency costs shall be reduced to notmore than five percent of the actual eligible construction costs as bid.

Contingency Costs means a general contingency on account of cost overruns over and above the Budgeted Costs [forecasted at a rate of 10% of the price (calculated before HST) set out in the accepted proposal(s) from the consultants engaged for the EA Process.]

Contingency Costs means those items of Cost of the Work attributable to a contingency for which CITY is responsible and which are payable by CITY to CONTRACTOR pursuant to a Change Order as provided in Article 6.

Contingency Costs means those items of Contract Price attributable to a contingency, if any.

Contingency Costs means, collectively, (i) for any item or category identified in the Construction Budget, an amount equal to the excess of (A) the actual cost of such item or category to the Borrower over (B) the cost of such item or category set forth in the Construction Budget and (ii) for any cost incurred by the Borrower prior to the Maturity Date to construct and finance the construction of the Project which is not accounted for in the Construction Budget, the actual amount of such cost incurred by the Borrower.

Contingency Costs means any amount of money budgeted for any unforeseen activities; "debris" means any loose fragments or material;