October 2022 September 2023 The NAOWG recommends the proposed Budget and Contribution Factor The contingency fund was determined based upon consideration of potential change orders as well as potential unknown BampC Agent contract cost changes ID: 1028939
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1. Budget/Contribution FactorOctober 2022 – September 2023The NAOWG recommends the proposed Budget and Contribution FactorThe contingency fund was determined based upon consideration of potential change orders as well as potential unknown B&C Agent contract cost changes . 2022-2023:Balance to be funded is: $ 7,462,986Net US Carrier Contribution requirement: $ 7,167,225This includes: ($1,295,761) Surplus from 2021-2022$1M contingency fundRevenue base (estimate) – $ 84,039,180,000 Contribution factor – 0.0000853Prior year (2021-2022):Revenue base (Actual) – $ 92,763,617,648 Contribution factor – 0.00005351