Cost Consultation Clause Samples
The Cost Consultation clause establishes a process for parties to discuss and review anticipated or incurred costs related to a project or agreement. Typically, this clause requires one party to provide detailed cost information and allows the other party to request clarification or adjustments before expenses are finalized or reimbursed. Its core function is to promote transparency and mutual agreement on financial matters, helping to prevent disputes over unexpected or excessive costs.
Cost Consultation. The Contractor shall provide a continuous cost consultation service for the duration of this Contract. The Contractor shall prepare solicitation and purchasing documents and be responsible for all procurement and construction cost estimates. The Contractor shall prepare final cost estimates for all early procurement of equipment and materials; for all building systems and components; and for all construction labor. The Contractor shall notify the County when, in its opinion, the estimated construction cost will exceed the Guaranteed Maximum Not-to-Exceed Compensation and at any time the anticipated completion date will exceed the approved scheduled completion.
Cost Consultation. 2.1.1 Construction Manager shall provide preliminary cost evaluation of the program and Construction Budget requirements, each in terms of the other. Construction Manager shall prepare Uniformat estimates of construction cost for (a) the Schematic Design Phase, (b) the Design Development Phase, and (c) at the points of completion of 25% of the Contract Documents and 50% completion of the Contract Documents. The estimates provided under (b) and (c) shall be detailed estimates. Construction Manager shall assist the University and Consultant in achieving program and Construction Budget requirements and other design parameters. Construction Manager shall provide continuing value engineering services appropriate to the nature and complexity of the Project, including but not limited to cost evaluations of alternative materials and systems, subject to the requirements in 2.1.1.1 through
Cost Consultation. The CM/GC shall provide a continuous cost consultation service for the duration of this Contract. The CM/GC shall prepare solicitation and purchasing documents and be responsible for all procurement and construction cost estimates. The CM/GC shall prepare final cost estimates for all early procurement of equipment and materials; for all building systems and components; and for all construction labor. The CM/GC shall notify the City when, in its opinion, the estimated construction cost will exceed the GMP and at any time the anticipated completion date will exceed the approved scheduled completion.