Project Contingency. The Project Contingency is included in the GMP. Design Build Entity shall be entitled to mark-up for bonds, non-OCIP insurance (excluding subcontractor default insurance), and overhead and profit on the Direct Cost of Work for Construction Work paid for out of the Project Contingency. Such mark-up shall be at the percentages specified in Design Build Entity’s Price Proposal Form attached as Exhibit O to the Agreement.
Appears in 3 contracts
Sources: Design Build Agreement, Design Build Services Agreement, Design Build Services Agreement
Project Contingency. The Project Contingency is included in the GMP. Design Build Entity shall be entitled to mark-up for bonds, non-OCIP insurance (excluding subcontractor Subcontractor default insurance), and overhead and profit on the Direct Cost of Work for Construction Work paid for out of the Project Contingency. Such mark-up shall be at the percentages specified in Design Build Entity’s Price Proposal Form attached as Exhibit O to the Agreement.as
Appears in 1 contract
Sources: Design Build Agreement