Common use of CM Review and Acceptance of Construction Budget Clause in Contracts

CM Review and Acceptance of Construction Budget. The Basic Services of the CM for each Assigned Project shall be the CM’s review of the District established Construction Budget for the Assigned Project prior to the CM’s commencement of any other Basic Services for the Assigned Project. If, based upon such review, the CM accepts the Construction Budget, the CM’s Project Manager for the Assigned Project shall notify the District Representative in writing of the CM’s acceptance of the Construction Budget. If, based upon such review, the CM believes that the Construction Budget is insufficient to cover the costs to construct the Assigned Project or if the CM believes that the Construction Budget exceeds costs necessary to construct the Assigned Project, the CM’s Project Manager for the Assigned Project shall notify the District Representative in writing of such determination, along with recommendations for adjustment of the Construction Budget or modification of requirements of the Assigned Project so that the costs to construct the Assigned Project conforms to the Construction Budget. In such event, the CM’s Project Manager shall review the District’s modifications of Assigned Project requirements and/or the District’s adjustments of the Construction Budget; if acceptable, the CM’s Project Manager shall notify the District Representative in writing of the CM’s acceptance of the modified Assigned Project and/or Construction Budget. The process for the District’s modification of the Assigned Project and/or the Construction Budget shall continue until the CM accepts the District’s Construction Budget and the Assigned Project requirements. Upon the CM’s acceptance of the Construction Budget and the Assigned Project requirements, the Basic Services of the CM and the CM’s obligations hereunder include without limitation, using the CM’s best efforts to ensure that design, bidding and construction of an Assigned Project are completed in conformity to the Construction Budget and Assigned Project requirements.

CM Review and Acceptance of Construction Budget. The Basic Services of the CM for each Assigned Project shall be the CM’s review of the District established Construction Budget for the Assigned Project prior to the CM’s commencement of any other Basic Services for the Assigned Project. If, based upon such review, the CM accepts the Construction Budget, the CM’s Project Manager for the Assigned Project shall notify the District Representative in writing of the CM’s acceptance of the Construction Budget. If, based upon such review, the CM believes that the Construction Budget is insufficient to cover the costs to construct the Assigned Project or if the CM believes that the Construction Budget exceeds costs necessary to construct the Assigned Project, the CM’s Project Manager for the Assigned Project shall notify the District Representative in writing of such determination, along with recommendations for adjustment of the Construction Budget or modification of requirements of the Assigned Project so that the costs to construct the Assigned Project conforms to the Construction Budget. In such event, the CM’s Project Manager shall review the District’s modifications of Assigned Project requirements and/or the District’s adjustments of the Construction Budget; if acceptable, the CM’s Project Manager shall notify the District Representative in writing of the CM’s acceptance of the modified Assigned Project and/or Construction Budget. The process for the District’s modification of the Assigned Project and/or the Construction Budget shall continue until the CM accepts the District’s Construction Budget and the Assigned Project requirements. Upon the CM’s acceptance of the Construction Budget and the Assigned Project requirements, the Basic Services of the CM and the CM’s obligations hereunder include without limitation, using the CM’s best efforts to ensure that design, bidding and completing construction of an the Assigned Project are completed in conformity to the Construction Budget and Assigned Project requirements.