Construction Estimates. The Construction Manager shall prepare an Estimate of Construction Cost as soon as major Project requirements have been identified and update it periodically. For the Schematic Design Phase, the Construction Manager shall prepare a quantity take-off cost estimate based on building systems, assemblies, components, etc., and update periodically. During the Design Development Phase, the Construction Manager shall prepare a final cost estimate in preparation for a Guaranteed Maximum Price and update periodically. All Estimates of Construction Cost shall make allowance for bidding and price escalation. During the Construction Documents Phase, the Construction Manager shall continually monitor the cost estimates and develop a cost estimate to help assure that the cost of the Work remains within the applicable portion of the Project Budget, Fixed Limit of Construction Cost and Guaranteed Maximum Price.
Construction Estimates. Estimates of contract time, construction costs and quantities prepared by the Engineer or its employees represent their best professional judgment as design professionals and are supplied for the general guidance of the District. The Engineer does not guarantee the accuracy of such estimates as the Engineer has no control over the cost of labor and material, competitive bidding, or market or other conditions.
Construction Estimates. Estimates of construction cost, material quantities and construction time estimates provided by ENGINEER under this Agreement represent its opinion and are subject to change and are contingent upon factors over which ENGINEER has no control. ENGINEER makes no warranty, express or implied, as to the accuracy of such estimates.
Construction Estimates. The Construction Manager, if requested by the Owner’s Project Representative, shall provide a preliminary evaluation of the Owner’s Project program and budget. At the request of the Owner’s Project Representative, the Construction Manager shall prepare and deliver to the Owner’s Project Representative and the Architect, Construction Estimates as follows:
3.5.1 A preliminary Construction Estimate utilizing area, volume or similar conceptual estimating techniques within seven (7) days of the Construction Manager’s receipt of the Schematic Design documents determined by the Owner’s Project Representative to be 100% complete.
3.5.2 An itemized and detailed Construction Estimate with supporting data along with a Memorandum of Changes within twenty-one (21) days of the Construction Manager’s receipt of the Design Development documents determined by the Owner’s Project Representative to be 100% complete. Then, if the Owner’s Project Representative and the Architect agree with such Memorandum of Changes, the Architect shall incorporate the changes described in the Memorandum of Changes into the Design Development documents. The Construction Manager hereby expressly acknowledges that by preparing the Memorandum of Changes, the Construction Manager represents to the best of its knowledge to the Owner’s Project Representative that the Design Development documents (as modified by the Memorandum of Changes) and other Contract Documents related to the Project are consistent, feasible and sufficient to construct the entire scope of the Work within the Construction Estimate and within the Milestone Schedule.
3.5.3 A further refined Construction Estimate setting forth any adjustments to the previously submitted Construction Estimate along with a Memorandum of Changes within thirty (30) days of the Construction Manager’s receipt of the Construction Documents determined by the Owner’s Project Representative to be 75% complete. Then, if the Owner’s Project Representative and the Architect agree with such Memorandum of Changes, the Architect shall incorporate the changes described in the Memorandum of Changes into the Construction Documents. The Construction Manager hereby expressly acknowledges that by preparing a Memorandum of Changes, the Construction Manager represents to the best of its knowledge to the Owner’s Project Representative that the Construction Documents (as modified pursuant to the Memorandum of Changes) and other Contract Documents related to the Project are ...
Construction Estimates. The Design/Build Entity shall prepare an Estimate of Design & Construction as soon as major Project requirements have been identified and update it periodically. For the Schematic Design Phase, the Design/Build Entity shall prepare a quantity take-off cost estimate based on building systems, assemblies, components, etc., and update periodically. During the Design Development Phase, the Design/Build Entity shall prepare a final cost estimate in preparation for a Guaranteed Maximum Price and update periodically. All Estimates of Design & Construction shall make allowance for bidding and price escalation. During the Construction Documents Phase, the Design/Build Entity shall continually monitor the cost estimates and develop a cost estimate to help assure that the cost of the Work remains within the applicable portion of the Project Budget, Fixed Limit of Design & Construction Cost and Guaranteed Maximum Price.
Construction Estimates a) It is expressly understood that statements of probable construction cost and detailed cost estimates prepared by Envision represent best judgment only. It is recognized that neither CEPT nor Envision have any control over cost of material, labor or equipment, over the Contractor's methods of determining bid prices or over competitive bidding or market conditions.
