Unforeseen Allowance Clause Samples

The Unforeseen Allowance clause provides a mechanism for addressing costs or circumstances that could not be anticipated at the time of contract formation. Typically, this clause sets aside a specific budget or process for handling unexpected events, such as material price spikes or regulatory changes, that impact project execution. By including this provision, the parties ensure there is a fair and pre-agreed method for managing surprises, thereby reducing disputes and maintaining project momentum when the unexpected occurs.
Unforeseen Allowance. Unforeseen Allowance is a sum set aside for unforeseen conditions that differ from representations in the Contract Documents or Due Diligence Documents or meet the requirements under Article 13.15.5 and 18.
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Unforeseen Allowance. The amount of the unforeseen allowance is one hundred thousand dollars, ($100,000.00). The Unforeseen Allowance is carried outside of the GMP.
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Related to Unforeseen Allowance

  • Isolation Allowance ‌ Employees in the following Communities shall receive an Isolation Allowance of $74.00 per month. Alert Bay ▇▇▇▇▇ Lake Chetwynd ▇▇▇▇▇▇ Creek ▇▇▇▇▇ Lake Fort ▇▇▇▇▇▇ Fort St. ▇▇▇▇▇ Fort St. ▇▇▇▇ ▇▇▇▇▇▇ Lake Gold River Hazelton Houston Hudson Hope Kitimat ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Nakusp New Denver Port ▇▇▇▇▇ Port Hardy Port ▇▇▇▇▇▇▇ Pouce Coupe Prince ▇▇▇▇▇▇ ▇▇▇▇▇ Charlotte Islands ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Tahsis Terrace Tofino Tumbler Ridge Valemount Vanderhoof Waglisla

  • Relocation Allowance An employee who is promoted and required by agency policy to relocate his residence shall be granted time off with pay for one workday for this purpose. In addition, the employee shall be granted travel time to the new location based on the most direct route. No employee will be credited with more than the number of hours in the employee’s regular workday and such time shall not be counted as hours worked for the purpose of computing compensatory time or overtime.

  • Training Allowance Operators who are required by the Employer to provide training to a specified level and to certify to the competency of the employees so trained shall receive twelve dollars ($12) per day while training. In such cases, the most senior qualified operator with the capability to provide training in the required class of equipment shall be given the opportunity to provide such training.

  • Education Allowance Provisions in existing Collective Agreements providing for educational allowances shall be continued in effect.

  • Housing Allowance During the Employment Period, Executive shall be entitled to receive a Cayman Islands housing allowance of US $6,000 per month. Executive will be responsible for any taxes due on such allowance.