Utah Admin. Code R23-5-7 - Use of Statewide Contingency Reserve

(1) The statewide contingency reserve may provide additional funding to a project when:

(a) necessary construction costs arise on projects after the construction has been bid;

(b) costs for other elements of a project exceed the amount budgeted; or

(c) necessary costs arise which were not budgeted for.

(2) Unbudgeted costs included in Subsection R23-5-6(1)(c) may include legal services, insurance, surveys, testing and inspection, and bidding costs.

(3) The statewide contingency reserve may be used to fund changes in scope only if the scope change is necessary for the proper functioning of the program that was provided for in the approved project scope. The division shall take steps as necessary to minimize the utilization of the statewide contingency reserve for scope changes.

(4) With the prior approval of the director, the statewide contingency reserve may be used to fund unanticipated costs on projects funded through non-appropriated funds.

Notes

Utah Admin. Code R23-5-7

Amended by Utah State Bulletin Number 2018-4, effective 1/23/2018 Amended by Utah State Bulletin Number 2023-04, effective 2/8/2023