Capital Cost Accounting. Pursuant to the General Requirements, the CM/GC shall provide a Final Certificate of Costs for Capital Asset Accounting, to enable the Owner and Using Agency to accurately reflect the Project as a capital asset in accordance with generally accepted government accounting principles (GASB – 34). The Design Professional, using its final Statement of Probable Costs and the guides to useful life of capital assets contained in the CM/GC Forms Packet, shall complete the certification on the CM/GC’s Certificate (the format for the Certificate is included in Exhibit L). Should there be a disagreement with the categorization of any cost between the CM/GC and the Design Professional, both should consult with the Owner. The Vice Chancellor for Facilities, in consultation with the Director, Construction Division, GSFIC, shall make the final decision consistent with established State accounting policies and the Certificate shall be adjusted accordingly. SECTION 3 – ADDITIONAL SERVICES
Appears in 13 contracts
Samples: Design Professional Services Contract, Design Professional Services Contract, Design Professional Services Contract
Capital Cost Accounting. Pursuant to the General Requirements, the CM/GC shall provide a Final Certificate of Costs for Capital Asset Accounting, to enable the Owner and Using Agency to accurately reflect the Project as a capital asset in accordance with generally accepted government accounting principles (GASB – 34). The Design Professional, using its final Statement of Probable Costs and the guides to useful life of capital assets contained in the CM/GC Forms Packet, shall complete the certification on the CM/GC’s Certificate (the format for the Certificate is included in Exhibit L). Should there be a disagreement with the categorization of any cost between the CM/GC and the Design Professional, both should consult with the Owner. The Vice Chancellor for Facilities, in consultation with the Director, Construction Division, GSFIC, shall make the final decision consistent with established State accounting policies and the Certificate shall be adjusted accordingly. SECTION 3 PART 1 – ADDITIONAL DESIGN SERVICES
Appears in 3 contracts
Samples: Design Professional Services Contract, Design Professional Services Contract, Design Professional Services Contract
Capital Cost Accounting. Pursuant to the General Requirements, the CM/GC shall provide a Final Certificate of Costs for Capital Asset Accounting, to enable the Owner and Using Agency to accurately reflect the Project as a capital asset in accordance with generally accepted government accounting principles (GASB – 34). The Design Professional, using its final Statement of Probable Costs and the guides to useful life of capital assets contained in the CM/GC Forms Packet, shall complete the certification on the CM/GC’s Certificate (the format for the Certificate is included in Exhibit L). Should there be a disagreement with the categorization of any cost between the CM/GC and the Design Professional, both should consult with the Owner. The Vice Chancellor for Facilities, in consultation with the Director, Construction Division, GSFIC, shall make the final decision consistent with established State accounting policies and the Certificate shall be adjusted accordingly. SECTION 3 – ADDITIONAL SERVICES.
Appears in 2 contracts
Samples: Design Professional Services Contract, Design Professional Services Contract