Contingency portion definition

Contingency portion means the portion of a project list consisting of projects qualified to be on the fundable portion upon list adoption but for which there are insufficient funds.
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Contingency portion means the portion of a priority list consisting of projects that are qualified to be on the fundable portion but cannot be placed on the fundable portion until there are sufficient funds.
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Examples of Contingency portion in a sentence

  • In the event the independent auditor determines that savings realized during the prosecution and progress of the Project were not added to the Contractor Contingency portion of the GMP, as provided for in Section 6 of this Construction Services Agreement, District shall be entitled to deduct the amount of such savings from the next requested Tenant Improvement Payment.

  • The Owner will pay the CM’s Contingency portion of the Contract Sum to the CM on a cost-reimbursable basis as described under Section 9.2.6.2.2.

  • Agent shall not unreasonably withhold its consent to a request by Borrower for access to funds from the Contingency portion of the Budget, so long as there is not then an Event of Default in existence and the Loan, is, and after such use of Contingency funds shall remain, in balance.

  • Any Change Order which results in a cost savings to Lessee shall be credited to the Owner's Contingency portion of the construction contract.

  • Reclamation may not access the Contingency portion of a Budget without consultation and written authorization from the affected Upper Division State.

Related to Contingency portion

  • contingency fee means any payment or other compensation that is contingent upon or is calculated upon the basis of a degree of success in soliciting or obtaining a Government contract or negotiating the whole or any part of its terms;

  • Contingency Fund means a monetary amount that continues month to month, if approved by a case manager, that is set aside in the Independent Choices Program service budget to purchase identified items that substitute for personal assistance.

  • Contingency plan means a document setting out an organized, planned, and coordinated course of action to be followed in case of a fire, explosion, or release of hazardous waste or hazardous waste constituents which could threaten human health or the environment.

  • Contingency means the identified and possible or already occurred fault of an element, including not only the transmission system elements, but also significant grid users and distribution network elements if relevant for the transmission system operational security;

  • Contingency reserve means the reserve established for the protection of policyholders against the effect of losses result- ing from adverse economic cycles.