Common use of Cost Control and Accounting Clause in Contracts

Cost Control and Accounting. Develop, implement and maintain an effective system of Project cost control. Revise and refine the initially approved Project Construction Budget, incorporate approved changes as they occur, and develop cash flow reports and forecasts as needed. Identify variances between actual and budgeted or estimated costs and advise University and Consultant whenever projected cost exceeds budgets or estimates.

Cost Control and Accounting. Develop, implement and maintain an effective system of Project cost control. Revise and refine the initially approved Project Construction Budget, incorporate approved changes as they occur, and develop cash flow reports and forecasts as needed. Identify , identify variances between actual and budgeted or estimated costs and advise University and Consultant the Project Team whenever projected cost exceeds costs exceed budgets or estimates.