The construction budget for any project under sections 3318.01 to 3318.20 or sections 3318.40 to 3318.45 of the Revised Code shall contain a contingency reserve in an amount prescribed by the Ohio school facilities commission, which unless otherwise authorized by the commission, shall be used only to pay costs resulting from unforeseen job conditions, to comply with rulings regarding building and other codes, to pay costs related to design clarifications or corrections to contract documents, and to pay the costs of settlements or judgments related to the project.
Effective Date: 03-14-2003
Section: Previous 3318.07 3318.08 3318.081 3318.082 3318.083 3318.084 3318.085 3318.086 3318.09 3318.091 3318.10 3318.11 3318.111 3318.112 3318.12 NextLast modified: October 10, 2016