Common use of Construction Cost Estimating Services Clause in Contracts

Construction Cost Estimating Services. CM/GC shall prepare Construction Cost Estimates setting forth in detail CM/GC's estimate of construction costs which shall be broken down by CSI Category. CM/GC shall also provide reconciled Construction Cost Estimates, consisting of a composite of the separately derived Design Professional's current Statement of Probable Construction Cost and CM/GC's Construction Cost Estimate. Timing of Construction Cost Estimates and Reconciled Construction Costs Estimates. Construction Cost Estimates and Reconciled Construction Cost Estimates shall be provided to Owner, Using Agency, and Design Professional at the intervals below: - Within twenty-one (21) days of the completion of the Schematic Design Documents - Within twenty-eight (28) days of the completion of the Design Development Documents - Prior to submission of the Guaranteed Maximum Price Proposal Cost Exceeds Previous Estimate. If Design Professional's current Statement of Probable Construction Cost and CM/GC’s Construction Cost Estimate are not reconcilable or exceed corresponding components of the Project Budget, then Owner, Design Professional, and CM/GC shall confer to resolve such differences. If such differences cannot be resolved, CM/GC shall make recommendations to Owner as CM/XX xxxxx necessary or appropriate to resolve such differences.

Construction Cost Estimating Services. CM/GC shall prepare Construction Cost Estimates setting forth in detail CM/GC's estimate of construction costs which shall be broken down by CSI Category. CM/GC shall also provide reconciled Construction Cost Estimates, consisting of a composite of the separately derived Design Professional's current Statement of Probable Construction Cost and CM/GC's Construction Cost Estimate. Timing of Construction Cost Estimates and Reconciled Construction Costs Estimates. Construction Cost Estimates and Reconciled Construction Cost Estimates shall be provided to Owner, Using Agency, and Design Professional at the intervals below: - Within twenty-one (21) days of the completion of the Schematic Design Documents - Within twenty-eight (28) days of the completion of the Design Development Documents - Prior to submission of the Guaranteed Maximum Price Proposal Cost Exceeds Previous Estimate. If Design Professional's current Statement of Probable Construction Cost and CM/GC’s Construction Cost Estimate are not reconcilable or exceed corresponding components of the Project Budget, then Owner, Design Professional, and CM/GC shall confer to resolve such differences. If such differences cannot be resolved, CM/GC shall make recommendations to Owner as CM/XX xxxxx necessary or appropriate to resolve such differences.