Budget of Project Costs Sample Clauses

Budget of Project Costs. 10.1.3.1 At each stage of plan review indicated above, Developer will update and refine the budget of the Guaranteed Maximum Price based on the most recent set of design documents. Developer shall also advise the District and the Architect if it appears that the total construction costs may exceed the Guaranteed Maximum Price established by the District and shall make recommendations for corrective action. Developer will further provide input to the District and Architect relative to value of construction, means and methods for construction, duration of construction of various building methods and constructability.
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Budget of Project Costs. 10.1.3.1 At each stage of plan review indicated above, Developer will update and refine the budget of the Guaranteed Maximum Price based on the most recent set of design documents. Developer shall also advise the District and the Architect if it appears that the total construction costs may exceed the Guaranteed Maximum Price established by the District and shall make recommendations for corrective action. Developer will further provide input to the District and Architect relative to value of construction, means and methods for construction, duration of construction of various building methods and constructability. In each budget of the Guaranteed Maximum Price, Developer shall include values of scopes of work subdivided into component parts in sufficient detail to serve as the basis for progress payments during construction. This budget of the Guaranteed Maximum Price shall include, at a minimum, the following information divided into at least the following categories for each site:
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Budget of Project Costs. ⦁ At each stage of plan review indicated above, Developer will update and refine the budget of the GMP based on the most recent set of design documents. Developer shall also advise District and the Architect if it appears that the total construction costs may exceed the GMP established by District and shall make recommendations for corrective action. Developer will further provide input to District and Architect relative to value of construction, means and methods for construction, duration of construction of various building methods and constructability. ⦁ In each budget of the GMP, Developer shall include values of scopes of work subdivided into component parts in sufficient detail to serve as the basis for progress payments during construction. This budget of the GMP shall include, at a minimum, the following information divided into at least the following categories for each site: ⦁ Overhead and profit; ⦁ Supervision; ⦁ General conditions; ⦁ Layout & Mobilization (not more than 1%); ⦁ Submittals, samples, shop drawings (not more than 3%); ⦁ Bonds and insurance (not more than 2%); ⦁ Close-out documentation (not less than 3%); ⦁ Demolition; ⦁ Installation; ⦁ Rough-in; ⦁ Finishes; ⦁ Testing; ⦁ Owner and Maintenance Manuals; and ⦁ Punchlist and District acceptance. ⦁ Construction Schedule and Phasing Plan Developer shall prepare a preconstruction schedule to guide the design team through to bid dates. That schedule shall show the multiple phases and interrelations of design, constructability review, and estimating. Developer shall also prepare a full construction schedule for the Project detailing the construction activities. Developer shall further investigate, recommend and prepare a schedule for the purchase of materials and equipment requiring long lead time procurement, and coordinate the schedule with the early preparation of portions of the Contract Documents by the Architect. ⦁ Construction Planning and Bidding ⦁ For all of Developer’s activities relating to construction planning and bidding, Developer shall comply with all applicable legal requirements, including but not limited to those set forth in Education Code section 81335. ⦁ Consult with District staff in relation to the existing site. Selected developer should make site visits, as needed to review the current site conditions. During this evaluation, Respondent may make recommendations relating to soils investigations and utility locations and capacities, in order to minimize unforeseen con...
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Budget of Project Costs. 5.1. At each stage of plan review indicated above, Developer will update and refine the budget of the GMP based on the most recent set of design documents. Developer shall also advise District and the Architect if it appears that the total construction costs may exceed the GMP established by District and shall make recommendations for corrective action. Developer will further provide input to District and Architect relative to value of construction, means and methods for construction, duration of construction of various building methods and constructability.
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Budget of Project Costs. After the Architect’s completion of Schematic Design Documents, Design Development Documents, 50% Construction Documents, and 90% Construction Documents, XXXX shall prepare, or update and refine, the budget of the GMP based on the most recent set of Design Documents. XXXX shall also advise the Agency and the Architect if it appears that the total construction costs may exceed the GMP established by the Agency and shall make recommendations for corrective action. XXXX will further provide input to the Agency and Architect relative to value of construction, means and methods for construction, duration of construction of various building methods and constructability. In each budget of the GMP, XXXX shall include values of scopes of work subdivided into component parts in sufficient detail to serve as the basis for progress payments during construction.
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Related to Budget of Project Costs

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Project Budget A Project Budget shall be prepared and maintained by Grantee. The Project Budget shall detail all costs for which the Grant will be used during each calendar month of the Term. The Project Budget must be approved in writing by the Project Monitor. Grantee shall carry out the Project and shall incur costs and make disbursements of funds provided hereunder by the Sponsor only in conformity with the Project Budget. The current approved Project Budget is contained in Attachment B. Said Project Budget may be revised from time to time, but no Project Budget or revision thereof shall be effective unless and until the same is approved in writing by Project Monitor. The funds granted under this Grant Contract cannot be used to supplant (replace) other existing funds.

  • Construction Cost Budget The total cost to District of all elements of the Project designed or specified by the Architect, as adjusted during and at the end of the design phase in accordance with this Agreement and the Agreement for Architectural Services. The Construction Cost Budget does not include the compensation of the Project Design Team, the Program Manager (if any), the Construction Manager and any subconsultants, the cost of the land, rights-of-way, or financing which are the responsibility of the District.

  • Construction Budget The total amount indicated by the District for the Project plus all other costs, including design, construction, administration, financing, and all other costs.

  • EVALUATION OF PROJECT BENEFITS The goal of this task is to report the benefits resulting from this project. The Recipient shall:

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