Design Contingency definition
Examples of Design Contingency in a sentence
If the Consultant characterizes the Design Issue as a Project Co Design Issue, the Consultant shall issue a Supplemental Instruction and the cost, if any, of implementing the acceptable resolution to the Design Issue shall form part of the Project Co Design Contingency.
The Owner shall have absolute control over transfers to and from the Design Contingency as well as the release of the contingency.
The costs of such illustrations and models shall be paid from the Design Contingency.
The amount of any balance of Design Contingency shall be confirmed by the written certification of Design-Builder to the Owner at each review.
The Design and Construction Budget shall contain a Design Contingency cost element to be estimated by the Design-Builder and approved by the Owner.
Funds from the Design Contingency may not be encumbered without written direction from the Owner in the form of a Consent Change Order.
The estimated Cost of the Work shall include in the Design Contingency and the Construction Contingency sums established by the Design-Builder for the Design-Builder's use to cover costs permitted under Section 4 Part 4 and other costs which are properly reimbursable as Cost of the Work but not the basis for a Change Order.
The Design Contingency shall not be increased for any reason (other than by a Change Order in Owner's sole and absolute discretion).
Estimates shall set forth in detail Design-Builder's estimate of design and construction costs, including all Actual Costs, Design Contingency, Construction Contingency and Design Builder Fees, for the construction of the Project and each Component thereof.
No claim shall be made for any Design Contingency costs or Construction Contingency costs in excess of the established contingency account plus and adjustments as specified in Paragraph 4.4.6.1 above by Design-Builder for any reason, including a default by Owner, or payment of additional compensation to Design-Builder, or any other circumstance which would otherwise permit an increase in the Guaranteed Maximum Price under a GMP Change Order.