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If a contractor discovers that additional funds will be needed to complete the property, after construction has begun, will the owner be able to request additional funds from the program?

April 26, 2017additional begun COMPLETE Construction contractor discovers funds needed owner Property

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If a contractor discovers that additional funds will be needed to complete the property, after construction has begun, will the owner be able to request additional funds from the program?

1 Answer

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• The program may consider additional funding, on a case by case basis, if the total additional funding does not exceed 25% of the construction contract and the total resulting award does not exceed the Initiative Option maximum allowable award.