Construction Cost Estimating Sample Clauses
The Construction Cost Estimating clause defines the process and standards for determining the anticipated expenses associated with a construction project. It typically outlines the methods to be used for preparing cost estimates, the level of detail required, and the responsibilities of the parties involved in providing or reviewing these estimates. For example, it may specify that estimates must include materials, labor, equipment, and contingencies, and set deadlines for their submission. The core function of this clause is to ensure transparency and accuracy in budgeting, helping all parties understand financial expectations and manage project costs effectively.
Construction Cost Estimating. The Construction Manager, on an ongoing basis during development of the plans, specifications and other documents that describe the work to be included within the Project (“Project Plans”), must review the Project Plans (and any other conceptual documents discussed by the District, Architect, and Construction Manager) sufficient for cost-estimation purposes. As reasonably requested by the District or as otherwise appropriate or necessary for the Construction Manager to satisfy its obligations pursuant to Section 4.3
Construction Cost Estimating. (a) Prepare detailed estimates of the total and line-item construction costs, at the following stages of design: (i) 50% construction documents; (ii) DSA submittal phase; and (iii) final (100%) construction documents.
(b) Update and refine the foregoing estimates periodically as the Architect develops and refines the design documents.
(c) Advise the District and the Architect in each event that the total construction cost may exceed the budget established by the District and make recommendations for corrective action.
(d) Provide input to the District and Architect regarding the value of construction, means and methods for construction, duration of construction, and constructability.
Construction Cost Estimating. The estimated cost of construction (ECC) as provided in the Contractor proposal, including any modifications thereto as a result of final contract negotiation, shall serve as the baseline construction budget for the project at the time of award of the DB contract. The Contractor shall provide the following breakdowns of the baseline construction budget before any other work begins: • a uniformat level 3 breakdown of the baseline construction budget • The pre-final submittal will include the fully developed specifications, drawings and calculations. A 95% submission is expected to be 100% complete with regards to all design information, notes and coordination. The intent is to allow the Government an opportunity to make any final comments. • Action on previous project review comments shall be incorporated in the construction documents. If not incorporated, a written justification for not doing so is required. Design Work Order/ Site Investigation Pre-Final (95%) Submission Due 21 Pre-Final Review 14 Final (100%) Submission Due 15 Total Time 50
Construction Cost Estimating. AECOM shall provide updated preliminary construction cost estimates for parking structure and the Public Realm Park based on 90% schematic design completion.
Construction Cost Estimating. CM shall update the Construction Documents cost estimate to include cost impacts resulting from JWA’s issuance of addendums. CM shall provide JWA with a written report explaining any variances between its updated cost estimate and the lowest responsible bid. CM shall consult with JWA and the A-E prior to preparing its report. CM shall provide the report within 7 days of its receipt of the actual bid results.
Construction Cost Estimating. The City uses a MS Excel spreadsheet to calculate construction cost estimates for budgeting and bidding purposes. The cost estimating spreadsheet incorporates linear regression analysis to adjust unit prices for various materials sizes and ENR cost indices to account for construction industry cost inflation. Consultant shall: • update cost data in cost estimating spreadsheet using recent bid results, materials prices, and schedule of values provided by the City; • update the ENR construction cost indices not less than quarterly; • modify the cost estimating tool to add new cost items as identified by the City and/or consultant, and; • prepare project specific construction cost estimates, updating as necessary during the planning, preliminary engineering, and final design engineering phases of a project.