110 STATEMENT OF PROBABLE CONSTRUCTION COSTS Sample Clauses

110 STATEMENT OF PROBABLE CONSTRUCTION COSTS. The Historical Design Business’ Statement of Probable Construction Cost must be submitted in a format that is acceptable to PHMC and shall be to the level of detail commensurate with the current level of design. The PHMC reserves the right to review and comment on the Historical Design Business’ Statement of Probable Construction Cost.
Sample 1
AutoNDA by SimpleDocs
110 STATEMENT OF PROBABLE CONSTRUCTION COSTS. The Historical Design Business’ Statement of Probable Construction Cost must be submitted in a format that is acceptable to PHMC and shall be to the level of detail commensurate with the current level of design. The PHMC reserves the right to review and comment on the Historical Design Business’ Statement of Probable Construction Cost. A. The Historical Design Business shall submit a Statement of Probable Construction Cost with each design submission as provided for elsewhere in this Design Contract. Such Statements of Probable Construction Costs shall always be based upon the Base Construction Amount. B. If the Statement of Probable Construction Cost indicates a potential problem in securing a bid within the Base Construction Amount, the Historical Design Business shall notify the PHMC and shall coordinate with PHMC to redefine the design concepts of space utilization, building efficiencies, materials of construction, etc., so that the estimated cost of construction does not exceed the Base Construction Amount. C. The Statement of Probable Construction Cost should reflect construction standards and should address indexes utilized, outreach to the contracting community, and any assumptions made in computing the Statement of Probable Construction Cost, including escalation to the midpoint of construction.
Sample 1

Related to 110 STATEMENT OF PROBABLE CONSTRUCTION COSTS

  • ADDITIONAL CONSTRUCTIONS The Promoter undertakes that it has no right to make additions or to put up additional structure(s) anywhere in the Project after the building plan has been approved by the competent authority(ies) except for as provided in the Act.

  • Pre-Construction Phase Employer’s Liability, Workers’ Compensation, Comprehensive General Liability and Comprehensive Automobile Liability in the amounts as set forth in the UGSC.

  • Contract Construction 6.27.1 The parties acknowledge that each party and its counsel have reviewed this CONTRACT and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this CONTRACT or any amendment or exhibits hereto.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!