Common use of Cost Determination Clause in Contracts

Cost Determination. Upon completion of the Design Development Phase, ARCHITECT shall provide DISTRICT with the documents set forth in Article 1.3.2 and all other documents used to prepare ARCHITECT’S Revised Statement of Probable Construction Cost. DISTRICT shall review its Estimate, if any, and compare it to ARCHITECT'S Revised Statement of Probable Construction Cost. Any discrepancies between the Revised Statement and the Estimate, if any, shall be identified and reconciled in accordance with Article 4, Construction Cost.

Cost Determination. Upon completion of the Schematic Design Development Phase, ARCHITECT shall provide DISTRICT with the documents set forth in Article 1.3.2 1.2.4 and all other documents used to prepare in preparing ARCHITECT’S Revised Statement of Probable Construction Cost. DISTRICT shall review its own Estimate, if any, and compare it to ARCHITECT'S Revised Statement of Probable Construction Cost. Any discrepancies between the Revised Statement and the Estimate, if any, shall be identified and reconciled in accordance with Article 4, Construction Cost.