Ohio § 3318.086 Contingency reserve

Ohio Statutes

§ 3318.086 — Contingency reserve

Ohio § 3318.086

Title 33Education-Libraries

Ch. 3318School Facilities

This text of Ohio § 3318.086 (Contingency reserve) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 3318.086 (2026).

Text

The construction budget for any project under sections3318.01to3318.20or sections3318.40to3318.45of the Revised Code shall contain a contingency reserve in an amount prescribed by the Ohio facilities construction 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.

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The construction budget for any project under sections3318.01to3318.20or sections3318.40to3318.45of the Revised Code shall contain a contingency reserve in an amount prescribed by the Ohio facilities construction 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.