The Shared. Savings Change Order shall be based upon only the balance of the funds remaining in the CM’s Contingency as of the date on which the Shared-Savings Change Order is entered into and shall not be based upon any CM’s Contingency previously released to the Owner as described under
Appears in 2 contracts
Sources: Construction Manager at Risk Agreement, Professional Services
The Shared. Savings Change Order shall be based upon only the balance of the funds remaining in the CM’s Contingency as of the date on which the Shared-Savings Change Order is entered into and shall not be based upon any CM’s Contingency previously released to the Owner as described under
.1. 2 Notwithstanding Sections 9.2.5.2.2 and 9.2.9.1, in the CM’s final Payment Request, the CM may request payment by lump sum of any portion of the CM’s Contingency remaining in the Contract Sum after execution of that Shared-Savings Change Order.
Appears in 1 contract
Sources: Cm at Risk Contract