Exhibit “F”
CONTRACTOR’S CONTINGENCY
E
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The Contractor has included a contingency, Contractor’s Contingency, in the Contract Amount. The
Contractor's Contingency has a value of $127.412. This contingency has been established ta provide
the Contractor a source of funds for work not identified or quantified by the Contractor in the cost
estimate. The Contractor's Contingency is not the Owner’s Contingency. The Owner's Contingency
shall provide the Owner a source of funds for unforeseen conditions or additional scope of work as
directed by the Owner, Architect or Engineer.
Management of Contingency
The Contractor shall manage the expenditure of funds in the Contractor’s Contingency. Unused funds shall
be categorized as savings and shall be returned to the Owner per the savings clause in the agreement.
Inclusions
o The Contractor’s Contingency shall be used to reimburse the Contractor for the cost of Work not
identified or quantified by the Contractor during the cost estimate, The scope of this work shall be
clearly identified in the Construction Documents. (Example: The architectural drawings indicate
a light fixture integrated into a cabinet system. The elecirical drawings did not show this light
fixture. The millwork subcontractor excluded the light fixture and the electrical subcontractor did
not carry the cost for the fixture. The Contractor shall purchase the light fixture from the electrical
subcontractor with funds from the Contractor’s Contingency without and increase to the GMP.)
© The Contractor’s Contingency shall be used to reimburse the Contractor for the cost of Premium
Time required to accelerate the schedule because of an act or neglect of the Contractor or their
subcontractors.
© The cost to repair or correct Work damaged or improperly executed by the Contractor or their sub-
contractors.
Exclusions
o The Contractor’s Contingency shall not be used to pay for the costs of unforeseen conditions.
© The Contractor’s Contingency shall not be used to pay for overages in the Allowances. See
Exhibit “B” for a list of the Allowances.
o The Contractor’s Contingency shall not be used to pay for additional work requested by the
Owner, Architect or Engineer,
Determination of Value
The Contractor’s Contingency is 5% of the Total Estimated Cost of the Project.
Martini Northern, LLC
10 Main Street
Newfields. NH 03856
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