Common use of Cost Control Subsystem Clause in Contracts

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. (1) The operation of this subsystem shall provide sufficient timely data and detail to permit the Construction Team 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 the following submissions at the following phases of the project: (a) At Completion completion of Advanced Schematic Design Phase for each item or bid package. (b) At Completion completion of Design Development Phase for each item or bid package. (c) At Completion completion of 50100% Construction Documents Phase for each item or bid package. (d) Within 10 (ten) days At establishment of any Change Order or Construction Change Directive being proposedthe Guaranteed Maximum Price.