CONSULTATION AND VALUE ENGINEERING. 2.2.1 The Design/Build Entity shall provide consultation throughout the Preconstruction and Construction Phases including but not limited to the furnishing of Value Engineering Services to identify cost effective changes in the State's specifications that will result in reducing the Lump Sum Contract Price without impairing essential functions or characteristics. The objective of Value Engineering is to achieve optimum value for each construction dollar spent and keep the time of completion and cost of the Work within the time and fiscal constraints set forth throughout the Contract Documents. In cooperation with the Principal Representative, the Design/Build Entity shall: .1 Formulate and evaluate alternative designs, systems, materials, etc.; .2 Provide cost estimates of the alternatives to be evaluated. Cost estimates shall include industry standard operating and maintenance costs when appropriate to evaluate life-cycle costs of the alternatives. Cost estimates shall take into consideration all cost impacts related to alternatives including but not limited to design and construction costs. The Design/Build Entity shall, at a minimum review the cost estimate at the completion of the Schematic Design and design development phases and include an analysis and commentary as to any discrepancies observed in the report referenced in 3.2.1 below; .3 Evaluate the alternatives on the basis of costs, time schedules, availability of labor and materials, construction feasibility, etc.; and .4 Enable the Design Build Entity’s Architect/Engineer to prepare written reports at the end of the Schematic Design and Design Development Phase summarizing the Value Engineering activities. .5 Lead a formal Value Engineering workshop as requested by the Principal Representative, at the end of the Schematic Design, Design Development and Construction Documents Phases review and estimating tasks, bringing multidiscipline cost/construction experts to evaluate alternative designs, systems and materials. 2.2.2 The Principal Representative shall participate in the formulation and evaluation of alternatives in the Value Engineering activity.
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Samples: Design/Build Lump Sum Agreement, Design/Build Lump Sum Agreement, Design/Build Lump Sum Agreement
CONSULTATION AND VALUE ENGINEERING. 2.2.1 3.2.1 The Design/Build Entity shall provide consultation throughout the Design/Preconstruction and Construction Phases including but not limited to the furnishing of Value Engineering Services to identify cost effective changes in the State's specifications that will result in reducing the Lump Sum Contract Price without impairing essential functions or characteristics. The objective of Value Engineering is to achieve optimum value for each construction dollar spent and keep the time of completion and cost of the Work within the time and fiscal constraints set forth throughout the Contract Documents. In cooperation with the Principal Representative, the Design/Build Entity shall:
.1 a) Formulate and evaluate alternative designs, systems, materials, etc.;
.2 b) Provide cost estimates of the alternatives to be evaluated. Cost estimates shall include industry standard operating and maintenance costs when appropriate to evaluate life-cycle life‐cycle costs of the alternatives. Cost estimates shall take into consideration all cost impacts related to alternatives including but not limited to design and construction costs. The Design/Build Entity shall, at a minimum minimum, review the cost estimate at the completion of the Schematic Design, and Design and design development phases Development Phases and include an analysis and commentary as to any discrepancies observed in the report referenced in 3.2.1 paragraph 3.2.1.4 below;
.3 c) Evaluate the alternatives on the basis of costs, time schedules, availability of labor and materials, construction feasibility, etc.; and;
.4 d) Enable the Design Design/Build Entity’s Architect/Engineer to prepare written reports at the end of the Schematic Design and Design Development Phase Phases summarizing the Value Engineering activities.activities accomplished and any recommendations developed within each phase;
.5 e) If Estimates of Design & Construction and/or bids received for the Work contained in any Bid Package cause the anticipated cost of the Work to exceed the then current Estimate of Design & Construction, the Fixed Limit of Design & Construction Cost, the Guaranteed Maximum Price or Schedule of Values, the Design/Build Entity shall, at no additional cost to the Principal Representative unless caused by an increase in the Design/Build Entity 's Work requested by the Principal Representative, provide additional Value Engineering services in conjunction with any and all appropriate items in the Estimate of Design & Construction, the Fixed Limit of Design & Construction Cost, the Guaranteed Maximum Price, and/or the Schedule of Values for the Work; and
f) Lead a formal Value Engineering workshop as requested by the Principal Representative, at the end of the Schematic Design, Design Development and Construction Documents Phases review and estimating tasks, bringing multidiscipline cost/construction experts to evaluate alternative designs, systems and materials.
2.2.2 3.2.2 The Principal Representative shall participate in the formulation and evaluation of alternatives in the Value Engineering activity, and shall approve Value Engineering alternatives accepted in each design phase.
Appears in 1 contract
Samples: Design/Build Guaranteed Maximum Price (Gmp) Agreement
CONSULTATION AND VALUE ENGINEERING. 2.2.1 3.2.1 The Design/Build Entity shall provide consultation throughout the Design/Preconstruction and Construction Phases including but not limited to the furnishing of Value Engineering Services to identify cost effective changes in the State's specifications that will result in reducing the Lump Sum Contract Price without impairing essential functions or characteristics. The objective of Value Engineering is to achieve optimum value for each construction dollar spent and keep the time of completion and cost of the Work within the time and fiscal constraints set forth throughout the Contract Documents. In cooperation with the Principal Representative, the Design/Build Entity shall:
.1 a) Formulate and evaluate alternative designs, systems, materials, etc.;
.2 b) Provide cost estimates of the alternatives to be evaluated. Cost estimates shall include industry standard operating and maintenance costs when appropriate to evaluate life-cycle costs of the alternatives. Cost estimates shall take into consideration all cost impacts related to alternatives including but not limited to design and construction costs. The Design/Build Entity shall, at a minimum minimum, review the cost estimate at the completion of the Schematic Design, and Design and design development phases Development Phases and include an analysis and commentary as to any discrepancies observed in the report referenced in 3.2.1 paragraph 3.2.1.4 below;
.3 c) Evaluate the alternatives on the basis of costs, time schedules, availability of labor and materials, construction feasibility, etc.; and;
.4 d) Enable the Design Design/Build Entity’s Architect/Engineer to prepare written reports at the end of the Schematic Design and Design Development Phase Phases summarizing the Value Engineering activities.activities accomplished and any recommendations developed within each phase;
.5 e) If Estimates of Design & Construction and/or bids received for the Work contained in any Bid Package cause the anticipated cost of the Work to exceed the then current Estimate of Design & Construction, the Fixed Limit of Design & Construction Cost, the Guaranteed Maximum Price or Schedule of Values, the Design/Build Entity shall, at no additional cost to the Principal Representative unless caused by an increase in the Design/Build Entity 's Work requested by the Principal Representative, provide additional Value Engineering services in conjunction with any and all appropriate items in the Estimate of Design & Construction, the Fixed Limit of Design & Construction Cost, the Guaranteed Maximum Price, and/or the Schedule of Values for the Work; and
f) Lead a formal Value Engineering workshop as requested by the Principal Representative, at the end of the Schematic Design, Design Development and Construction Documents Phases review and estimating tasks, bringing multidiscipline cost/construction experts to evaluate alternative designs, systems and materials.
2.2.2 3.2.2 The Principal Representative shall participate in the formulation and evaluation of alternatives in the Value Engineering activity, and shall approve Value Engineering alternatives accepted in each design phase.
Appears in 1 contract
Samples: Design/Build Guaranteed Maximum Price (Gmp) Agreement