Common use of Cost Control Management Clause in Contracts

Cost Control Management. Lessee shall prepare, based upon design documents prepared by Architect or Engineer and identified by the District, its own cost estimate of the total construction cost of the Project at several intervals, as specified in this Scope of Work. The cost estimate shall identify all trades and unit costs. Lessee shall also identify all allowances, contingencies, General Condition costs, Special Condition costs (if any), and fees. If any cost estimate submitted to the District exceeds previously-approved estimates for the Construction Budget, Lessee shall make appropriate recommendations to the District for getting the Project back within budget. All estimates shall be broken down by trade and specification section and shall include a variance report that shows the differences between the estimates at various stages. Lessee shall compare its cost estimate with the cost estimate independently prepared by Architect or Engineer for these same design documents, and endeavor to resolve discrepancies in the estimates to the satisfaction of the District, with the goal that both cost estimates are less than or equal to the District’s Construction Budget. Lessee shall recommend, if necessary, appropriate modifications of the design documents to lower both Xxxxxx’s and Architect or Engineer’s independent estimates to amounts equal to or lower than the Construction Budget. Lessee’s cost estimates shall be provided according to Uniformat standards and as specified below, and arranged in Uniformat format (a building systems organization format). Construction cost estimates shall be developed/updated and submitted as a part of each of the following submittals:

Cost Control Management. Lessee shall prepare, based upon design documents prepared by Architect or Engineer and identified by the District, its own cost estimate of the total construction cost of the Project at several intervals, as specified in this Scope of Work. The cost estimate shall identify all trades and unit costs. Lessee shall also identify all allowances, contingencies, General Condition costs, Special Condition costs (if any), and fees. If any cost estimate submitted to the District exceeds previously-approved estimates for the Construction Budget, Lessee shall make appropriate recommendations to the District for getting the Project back within budget. All estimates shall be broken down by trade and specification section and shall include a variance report that shows the differences between the estimates at various stages. Lessee shall compare its cost estimate with the cost estimate independently prepared by Architect or Engineer for these same design documents, and endeavor to resolve discrepancies in the estimates to the satisfaction of the District, with the goal that both cost estimates are less than or equal to the District’s Construction Budget. Lessee shall recommend, if necessary, appropriate modifications of the design documents to lower both XxxxxxLessee’s and Architect or Engineer’s independent estimates to amounts equal to or lower than the Construction Budget. Lessee’s cost estimates shall be provided according to Uniformat standards and as specified below, and arranged in Uniformat format (a building systems organization format). Construction cost estimates shall be developed/updated and submitted as a part of each of the following submittals: