Job budget tolerance (the contractor's own commitment)

practice standard, published by Demiton, section 6.1. New Zealand.

1 obligation, clause by clause.

1 obligation transcribed from the practice standard, each held with its clause, the window it sets and what missing it costs.

Where it is written	The obligation	Window	If missed	Disease
section 6.1	Keep committed and actual cost on each cost code within its budget plus the tolerance you setheld in the job budget register	none set	no penalty stated	Cost drift

What this page is, and is not.

It is the clause text this library holds for this document, with the window and the consequence. It is not legal advice, and it is not a substitute for reading the document you signed.

No library of law is complete, and Demiton never says this one is. An obligation the library does not hold, and you did not add, is not protected. You can add your own to any job.

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Common questions

What does Job budget tolerance (the contractor's own commitment) section 6.1 require?

Keep committed and actual cost on each cost code within its budget plus the tolerance you set. Missing it: no penalty stated. The clause sets no day count. Demiton watches it against the job budget register.

Does Demiton hold every obligation in Job budget tolerance (the contractor's own commitment)?