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Construction Contract w/ContingencyCITY OF AUSTIN AGENDA DATE: Date RECOMMENDATION FOR COUNCIL ACTION PAGE: 1 of 1SUBJECT: Authorize execution of a construction contract with FIRM NAME(s), (BE/WE
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Construction contract contingency is a reserve fund set aside to cover unforeseen costs or changes in a construction project.
The party responsible for the construction project is required to file the construction contract contingency.
The construction contract contingency can be filled out by providing details of the project, estimated costs, and the amount set aside for contingencies.
The purpose of construction contract contingency is to ensure that there is enough funding to cover any unexpected expenses that may arise during the construction project.
The construction contract contingency must include details of the project, estimated costs, and the amount set aside for contingencies.
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