Construction Cost Estimating Sample Clauses

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
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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.
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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.
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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.
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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
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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.
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Related to Construction Cost Estimating

  • 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.

  • Cost Estimates If this Agreement pertains to the design of a public works project, CONSULTANT shall submit estimates of probable construction costs at each phase of design submittal. If the total estimated construction cost at any submittal exceeds ten percent (10%) of CITY’s stated construction budget, CONSULTANT shall make recommendations to CITY for aligning the PROJECT design with the budget, incorporate CITY approved recommendations, and revise the design to meet the Project budget, at no additional cost to CITY.

  • Project Cost An updated cost spreadsheet reflecting the current forecasted cost vs. the latest approved budget vs. the baseline budget should be included in this section. One way to track project cost is to show: (1) Baseline Budget, (2) Latest Approved Budget, (3) Current Forecasted Cost Estimate, (4) Expenditures or Commitments to Date, and (5) Variance between Current Forecasted Cost and Latest Approved Budget. Line items should include all significant cost centers, such as prior costs, right-of-way, preliminary engineering, environmental mitigation, general engineering consultant, section design contracts, construction administration, utilities, construction packages, force accounts/task orders, wrap-up insurance, construction contingencies, management contingencies, and other contingencies. The line items can be broken-up in enough detail such that specific areas of cost change can be sufficiently tracked and future improvements made to the overall cost estimating methodology. A Program Total line should be included at the bottom of the spreadsheet. Narratives, tables, and/or graphs should accompany the updated cost spreadsheet, basically detailing the current cost status, reasons for cost deviations, impacts of cost overruns, and efforts to mitigate cost overruns. The following information should be provided:

  • Construction Budget The total amount of funds indicated by the District for the entire Project plus all other costs, including design, construction, administration, and financing.

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