Common use of Cost Estimate and Project Schedule Clause in Contracts

Cost Estimate and Project Schedule. Upon completion of the Design Development Phase for each phase of the PROJECT or appropriate portion thereof, the CM, with the assistance of the A/E, shall prepare and submit a Detailed Estimate of Construction Cost and a Project Schedule indicating milestone completion dates for approval by the COUNTY. In establishing the Detailed Estimate of Construction Cost, the CM shall include reasonable contingencies for design, bidding and price escalation and determine in conjunction with the A/E and the COUNTY the materials, equipment, component systems and types of construction to be included in the Contract Documents. The CM and the A/E shall review any difference between the Construction Budget or the Statement of Probable Construction Cost and the Detailed Estimate of Construction Cost, identify reasons for any difference and recommend means to eliminate the difference, if necessary. The CM, the A/E and the COUNTY shall agree upon the means to eliminate any difference between the Construction Budget and the Detailed Estimate of Construction Cost, and the CM shall prepare a report describing the agreed upon means. The CM and the A/E shall review any differences between the Preliminary Project Schedule and the Project Schedule, identify reasons for the differences and recommend whether the differences should be eliminated and, if necessary, means to eliminate the differences. If the CM, the A/E and the COUNTY agree to eliminate any such differences, the CM shall prepare a report describing the agreed upon means. The CM, the A/E and the COUNTY shall make any necessary amendments to the Approved Program of Requirements in accordance herein with Subparagraph 2.6., Approved Program of Requirements and Revisions.

Cost Estimate and Project Schedule. Upon completion of the Design Development Phase for each phase of the PROJECT or appropriate portion thereof, the CM, with the assistance of the A/E, shall prepare and submit a Detailed Estimate of Construction Cost and a Project Schedule indicating milestone completion dates for approval by the COUNTY. In establishing the Detailed Estimate of Construction Cost, the CM shall include reasonable contingencies for design, bidding and price escalation and determine in conjunction with the A/E and the COUNTY the materials, equipment, component systems and types of construction to be included C008452 Page 23 of 41 Xxxxxxxx/CEM, Inc. in the Contract Documents. The CM and the A/E shall review any difference between the Construction Budget or the Statement of Probable Construction Cost and the Detailed Estimate of Construction Cost, identify reasons for any difference and recommend means to eliminate the difference, if necessary. The CM, the A/E and the COUNTY shall agree upon the means to eliminate any difference between the Construction Budget and the Detailed Estimate of Construction Cost, and the CM shall prepare a report describing the agreed upon means. The CM and the A/E shall review any differences between the Preliminary Project Schedule and the Project Schedule, identify reasons for the differences and recommend whether the differences should be eliminated and, if necessary, means to eliminate the differences. If the CM, the A/E and the COUNTY agree to eliminate any such differences, the CM shall prepare a report describing the agreed upon means. The CM, the A/E and the COUNTY shall make any necessary amendments to the Approved Program of Requirements in accordance herein with Subparagraph 2.6., Approved Program of Requirements and Revisions.

Cost Estimate and Project Schedule. Upon completion of the Design Development Phase for each phase of the PROJECT or appropriate portion thereof, the CM, with Architect/Engineer shall assist the assistance of the A/E, shall Construction Manager to prepare and submit a Detailed Estimate of Construction Cost for the Project and a Project Schedule using the Critical Path Method and indicating milestone completion dates for approval by the COUNTYCity and the YMCA. In establishing the Detailed Estimate of Construction Cost, the CM Architect/Engineer shall assist the Construction Manager to include reasonable contingencies for design, bidding and price escalation and determine in conjunction with the A/E City and the COUNTY YMCA and the Construction Manager the materials, equipment, component systems and types of construction to be included in the Contract Documents. The CM Architect/Engineer and the A/E Construction Manager shall review any difference between the Construction Budget or the Statement of Probable Construction Cost and the Detailed Estimate of Construction Cost, identify reasons for any difference and recommend means to eliminate the difference, if necessary. The CMArchitect/Engineer, the A/E Construction Manager and the COUNTY City and the YMCA shall agree upon the means to eliminate any difference between the Statement of Probable Construction Budget Cost and the Detailed Estimate of Construction Cost, and the CM Construction Manager, with the assistance of the Architect/Engineer, shall prepare a report describing the agreed upon means. The CM Architect/Engineer and the A/E Construction Manager shall review any differences between the Preliminary Project Schedule and the Project Schedule, identify reasons for the differences and recommend whether the differences should be eliminated and, if necessary, means to eliminate the differences. If the CMArchitect/Engineer, the A/E Construction Manager and the COUNTY City and the YMCA agree to eliminate any such differences, the CM Construction Manager, with the assistance of the Architect/Engineer, shall prepare a report describing the agreed upon means. The CMArchitect/Engineer, the A/E Construction Manager and the COUNTY City and the YMCA shall make any necessary amendments to the Approved Program of Requirements in accordance herein with Subparagraph 2.62.2.2., Approved Program of Requirements and Revisions.