Cost Control Subsystem. The operation of this subsystem shall provide sufficient timely cost data and detail to permit Construction Contractor to control and adjust the Project requirements, needs, materials, equipment and systems by building and site elements so that the Work will be completed at a cost which, together with the Construction Management Fee, will not exceed the GMP. Requirements of this subsystem include submissions at the following phases of the Project:
4.1 Pre-Construction Phase Estimates; and
4.2 At establishment of the GMP.
Cost Control Subsystem. (1) The operation of this subsystem shall provide sufficient timely data and detail to permit the Construction Team to control and adjust the project requirements, needs, materials, equipment and systems by building and site elements so that construction will be completed at a cost which, together with all other project costs, will not exceed the maximum total project budget. Requirements of this subsystem include formal estimates at the following phases of the project:
(a) At Completion of Advanced Schematic Design Phase for each item or bid package.
(b) At Completion of Design Development Phase for each item or bid package.
(c) At Completion of 50% Construction Documents for each item or bid package.
(d) Within 10 (ten) days of any Change Order or Construction Change Directive being proposed.
Cost Control Subsystem. The operation of this subsystem shall provide sufficient timely data and detail to permit the Construction Team to control and adjust the project requirements, needs, materials, equipment and systems by building and site elements so that construction will be completed at a cost which, together with all other project costs, will not exceed the maximum total project budget. Requirements of this subsystem include the following submissions at the following phases of the project:
Cost Control Subsystem. The operation of this subsystem shall provide sufficient timely data and detail to permit the Construction Team to control and adjust the project requirements, needs, materials, equipment and systems by building and site elements so that construction will be completed at a cost which, together with all other project costs, will not exceed the maximum total project budget. Requirements of this subsystem include as a minimum the following submissions at the following phases of the project: This schedule shall be modified to match the PAE agreement or when the CM is contracted.
(a) At completion of Schematic Design Phase I, for Each Item or scope of work.
(b) At Completion of Preliminary Design Phase II, for Each Item or scope of work.
(c) At Completion of 66% Construction Documents Phase III, for Each Item or scope of work.
(d) At establishment of any partial and final Guaranteed Maximum Price.
Cost Control Subsystem. The operation of this subsystem shall provide sufficient timely data and detail to permit the Construction Team to control and adjust the project requirements, needs, materials, equipment and systems by building and site elements so that construction will be completed at a cost which, together with all other project costs, will not exceed the maximum total project budget. Requirements of this subsystem include as a minimum the following submissions at the following phases of the project:
(a) At completion of Schematic Design Phase I, for Each Item or scope of work.
(b) At Completion of Preliminary Design Phase II, for Each Item or scope of work.
(c) At Completion of 66% Construction Documents Phase III, for Each Item or scope of work.
(d) At establishment of any partial and final Guaranteed Maximum Price.
Cost Control Subsystem. (1) The operation of this subsystem shall provide sufficient timely data and detail to permit the Construction Team to control and adjust the project requirements, needs, materials, equipment and systems by building and site elements so that construction will be completed at a cost which, together with all other project costs, will not exceed the maximum total project budget. Requirements of this subsystem include formal estimates at the following phases of the project:
(a) At Completion of Advanced Schematic Design Phase For Each Item or Bid Package.
(b) At Completion of Design Development Phase For Each Item or Bid Package.
(c) At Completion of 50% Construction Documents Phase For Each Item Or Bid Package.
(d) Within 10 (ten) days of any Change Order or Construction Change Directive being proposed.
Cost Control Subsystem. The operation of this subsystem shall provide sufficient timely data and detail to permit the Construction Team to control and adjust the Project requirements, needs, materials, equipment and systems by building and site elements so that construction will be completed at a cost which, together with all other Project costs, will not exceed the maximum total Project budget. Requirements of this subsystem include the following submissions at the following phases of the project:
1. Estimates – Prior to the start of pre-construction services, the requirement of the following estimates will be determined by the Owner:
A. Schematic Documents are complete for scope verification budgeting per MOU
B. Completion of 75% Design Development Documents.
C. Completion of 100% Design Development Documents.
D. 100% GMP Estimate – When the Construction Documents are sufficiently complete enough to establish the GMP. It is noted that drawings will be released in stages and priced as such.
Cost Control Subsystem. The operation of this subsystem shall provide sufficient timely data and detail to permit the Construction Team to control and adjust the project requirements, needs, materials, equipment and systems by building and site elements so that construction will be completed at a cost which, together with all other project costs, will not exceed the maximum total project budget. Requirements of this subsystem include the following submissions at the following phases of the project:
1. At completion of Advanced Schematic Preconstruction Phase for each item or bid package.
2. At completion of Design Development Phase for each item or bid package.
3. At completion of 100% Construction Documents Phase for each item or bid package.
4. At establishment of the Guaranteed Maximum Price.
