Common use of CM Estimate Clause in Contracts

CM Estimate. If indicated in the Task Order for an Assigned Project, the CM shall prepare and submit to the District Representative the CM’s Estimate(s) of Construction Costs for the Assigned Project at the interval(s) noted in the Task Order. If indicated in the Task Order for an Assigned Project, upon completion of the CM’s Value Engineering and Constructability Reviews for the Assigned Project, the CM shall prepare the Final Estimate of Construction Costs which shall reflect modifications to the Design Documents resulting from District accepted Value Engineering Recommendations and District accepted Constructability Review Comments for the Assigned Project. The CM’s Final Estimate of Construction Costs shall be prepared and submitted to the District Representative in accordance with the time-frames set forth in the Task Order for the Assigned Project. All of the CM’s Estimates of Construction Costs shall: (i) be in the format with such detailed breakdown of estimated costs for construction of the Assigned Project as directed by the District Representative; (ii) be organized by the standard specifications sections established by the Construction Specifications Institute; and (iii) be based upon the then current market conditions for labor, materials and equipment in the locality of the Assigned Project necessary to complete construction of the Assigned Project in accordance with the Design Documents. If the CM’s Final Estimate of Construction Costs for an Assigned Project exceeds the Construction Budget established by the District for the Assigned Project by five percent (5%) or greater, the CM shall make recommendations to the District, for measures to reduce the Estimate of Construction Costs to conform with the Construction Budget for the Assigned Project. If the CM’s Final Estimate of Construction Costs for an Assigned Project is less than the Construction Budget for the Assigned Project by five percent (5%) or more, the CM shall make recommendations to the District for items to incorporate into the Assigned Project to conform the CM’s Estimate of Construction Costs with the Construction Budget for the Assigned Project.

CM Estimate. If indicated in the Task Order for an Assigned Project, the CM shall prepare and submit to the District Representative the CM’s Estimate(s) of Construction Costs for the Assigned Project at the interval(s) noted in the Task Order. If indicated in the Task Order for an Assigned Project, upon completion of the CM’s Value Engineering and Constructability Reviews for the Assigned Project, the CM shall prepare the Final Estimate of Construction Costs which shall reflect modifications to the Design Documents resulting from District accepted Value Engineering Recommendations and District accepted Constructability Review Comments for the Assigned Project. The CM’s Final Estimate of Construction Costs shall be prepared and submitted to the District Representative in accordance with the time-frames set forth in the Task Order for the Assigned Project. All of the CM’s Estimates of Construction Costs shall: (i) be in the format with such detailed breakdown of estimated costs for construction of the Assigned Project as directed by the District Representative; (ii) be organized by the standard specifications sections established by the Construction Specifications Institute; and (iii) be based upon the then current market conditions for labor, materials and equipment in the locality of the Assigned Project necessary to complete construction of the Assigned Project in accordance with the Design Documents. If the CM’s Final Estimate of Construction Costs for an Assigned Project Project, exceeds the Construction Budget established by the District for the Assigned Project by five percent (5%) or greater, the CM shall make recommendations to the District, for measures to reduce the Estimate of Construction Costs to conform with the Construction Budget for the Assigned Project. If the CM’s Final Estimate of Construction Costs for an Assigned Project is less than the Construction Budget for the Assigned Project by five percent (5%) or more, the CM shall make recommendations to the District for items to incorporate into the Assigned Project to conform the CM’s Estimate of Construction Costs with the Construction Budget for the Assigned Project. Verification of Others’ Estimate(s) of Construction Costs. Whether or not the Basic Services of the CM for an Assigned Project includes the CM’s preparation of Estimate(s) of Construction Costs, the Basic Services of the CM for each Assigned Project shall include the CM’s review of Estimate(s) of Construction Costs for an Assigned Project prepared by others. Such review shall include, without limitation, confirmation by the CM that the Estimate(s) of Construction Costs: (i) accurately and completely reflect the scope of work depicted in the then existing Design Documents for the Assigned Project; (ii) reflect the then current marketplace prices for labor, materials and other items or services necessary for completing construction of the Assigned Project in accordance with the then existing Design Documents for the Assigned Project; and (iii) conformity (within five percent (5%)) of the Construction Budget for the Assigned Project. If the CM determines that it cannot confirm any of the foregoing the CM shall notify the District Representative in writing of such determination, along with recommendations for modification of the Design Documents for the Assigned Project so that the CM can confirm conformation of such requirements. Labor/Materials Marketplace Survey. If indicated in the Task Order for an Assigned Project, the CM shall survey the existing labor and materials marketplace conditions in the locality of the Assigned Project to ascertain the availability of suitable labor and materials necessary to complete Project construction within the time established by the District. The CM shall provide the District Representative with a written evaluation of the extent of available and suitable labor/materials to complete construction of the Assigned Project within the District’s Construction Budget and time objectives for an Assigned Project and whether in the CM’s opinion the CM anticipates that the extent of available and suitable labor/materials will adversely impact the costs/time for completing construction of the Assigned Project. If the CM concludes that the extent of available and suitable labor/materials may have an adverse impact on costs/time for completing construction of the Assigned Project, the CM’s written evaluation shall include recommendations for measures to mitigate or eliminate such potential adverse impacts to costs/time. The CM shall implement such measures as directed or authorized by the District.

CM Estimate. If indicated in the Task Order for an Assigned Project, the CM shall prepare and submit to the District Representative the CM’s Estimate(s) of Construction Costs for the Assigned Project at the interval(s) noted in the Task Order. If indicated in the Task Order for an Assigned Project, upon completion of the CM’s Value Engineering and Constructability Reviews for the Assigned Project, the CM shall prepare the Final Estimate of Construction Costs which shall reflect modifications to the Design Documents resulting from District accepted Value Engineering Recommendations and District accepted Constructability Review Comments for the Assigned Project. The CM’s Final Estimate of Construction Costs shall be prepared and submitted to the District Representative in accordance with the time-frames set forth in the Task Order for the Assigned Project. All of the CM’s Estimates of Construction Costs shall: (i) be in the format with such detailed breakdown of estimated costs for construction of the Assigned Project as directed by the District Representative; (ii) be organized by the standard specifications sections established by the Construction Specifications Institute; and (iii) be based upon the then current market conditions for labor, materials and equipment in the locality of the Assigned Project necessary to complete construction of the Assigned Project in accordance with the Design Documents. If the CM’s Final Estimate of Construction Costs for an Assigned Project Project, exceeds the Construction Budget established by the District for the Assigned Project by five percent (5%) or greater, the CM shall make recommendations to the District, for measures to reduce the Estimate of Construction Costs to conform with the Construction Budget for the Assigned Project. If the CM’s Final Estimate of Construction Costs for an Assigned Project is less than the Construction Budget for the Assigned Project by five percent (5%) or more, the CM shall make recommendations to the District for items to incorporate into the Assigned Project to conform the CM’s Estimate of Construction Costs with the Construction Budget for the Assigned Project.