Construction Budget: Estimate of Construction Costs Sample Clauses

Construction Budget: Estimate of Construction Costs. The CM shall review the District’s Construction Budget for the Assigned Project, review Estimates of Construction Costs prepared by others for the Project, and/or prepare Estimates of Construction Costs.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Construction Budget: Estimate of Construction Costs. The CM shall review the District’s Construction Budget for the Assigned Project, review Estimates of Construction Costs prepared by others for the Project, and/or prepare Estimates of Construction Costs. 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, completing construction of the Assigned Project in conformity to the Construction Budget and Assigned Project requirements.
Sample 1

Related to Construction Budget: Estimate of Construction Costs

  • DIRECT CONSTRUCTION COST Direct Construction Cost means the sum of the amounts that Contractor actually and necessarily incurs constructing the Project in strict compliance with the Construction Documents. Direct Construction Cost includes only the cost categories set forth in this Article and does not include the Pre-Construction Phase Fees or the Construction Phase Fees unless specifically noted. References in the UGSC to adjustments in “cost” or “costs” mean the Direct Construction Cost.

  • Project Construction Budget The project construction cost allowance specifically stated in writing as the ‘revised’ or ‘current’ ‘Project Construction Budget’ by the Trustees at each applicable phase of plan development.

  • Construction Cost Estimate At 50% completion of the contract documents, the design team will present and submit copies of the project plans and manual. The Construction Administrator will prepare and issue the fourth of five construction cost estimates. The estimate shall be derived from actual takeoffs, subcontractor and vendor input, and material and labor cost data. All quantitative systems information shall be provided in detail.

  • 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.

  • Construction Costs Under no circumstances shall the Consultant be liable for extra costs or other consequences due to unknown conditions or related to the failure of contractors to perform work in accordance with the plans and specifications. Consultant shall have no liability whatsoever for any costs arising out of the Client’s decision to obtain bids or proceed with construction before the Consultant has issued final, fully-approved plans and specifications. The Client acknowledges that all preliminary plans are subject to substantial revision until plans are fully approved and all permits obtained.

  • Construction Cost 3.1. Construction Cost does not include the fees of the ARCHITECT/ENGINEER and consultants, the cost of the land, rights- of-way, or other costs, which is the responsibility of the State as provided in Paragraphs 2.2 through 2.3. or any of the contingencies available for the project unless specifically stated otherwise.

  • Construction Cost Adjustment Contracting Officer, as provided in B5.21, B5.212, B5.251, B5.252, and B5.253, shall adjust Specified Road construction cost estimates in the Schedule of Items and show the adjustments as credits or debits to Timber Sale Account in the month when the road segment is accepted.

  • Project Construction The Contractor agrees to provide continuous on-site supervision on each Job Order, while progress on the project is being accomplished. The Contractor’s Project Manager will ensure:

  • Drawings and Specifications at the Project Site The Contractor shall keep at the Site at least one copy of the Contract Documents and Change Orders, all in good order and available to the Design Professional and to his representatives.

Time is Money Join Law Insider Premium to draft better contracts faster.