Common use of BUDGETING AND FIXED LIMIT OF CONSTRUCTION COST Clause in Contracts

BUDGETING AND FIXED LIMIT OF CONSTRUCTION COST. 6.1.1 A Fixed Limit of Construction Cost for the Project shall be established by the Principal Representative incorporating the portion of the Project Budget for all construction of all elements of the Project designed or specified by the Architect/Engineer. The Architect/Engineer shall evaluate the Project Budget and the Fixed Limit of Construction Cost as it pertains to construction of all elements of the Project designed or specified by the Architect/Engineer.