Common use of Project Contingency Clause in Contracts

Project Contingency. The contingency identified in Exhibit “B” to the Agreement which is to be used by the CMR to pay for any changes or extra work, as detailed in the applicable subsection of the “Conflicts, Ambiguities, Errors and Omission in the Contract Documents” Section herein. The unused portion of the Project Contingency shall be retained by the Judicial Council at the end of the Project.

Appears in 3 contracts

Sources: CMR Agreement for Preconstruction and Construction Phase Services, CMR Agreement for Preconstruction and Construction Phase Services, CMR Agreement for Preconstruction and Construction Phase Services