Cost Estimates. If this Agreement pertains to the design of a public works project, CONSULTANT shall submit estimates of probable construction costs at each phase of design submittal. If the total estimated construction cost at any submittal exceeds ten percent (10%) of CITY’s stated construction budget, CONSULTANT shall make recommendations to CITY for aligning the PROJECT design with the budget, incorporate CITY approved recommendations, and revise the design to meet the Project budget, at no additional cost to CITY.
Cost Estimates. The Large Generating Facility is, as of the Effective Date, a member of Class Year 2010. The Interconnection Facility Study for that Class Year is not complete as of the Effective Date. However, a draft cost estimate has been developed totaling $81,202,291 for the Connecting Transmission Owner Attachment Facilities, Stand Alone System Upgrade Facilities, and Other System Upgrade Facilities identified in Sections 1.b, 2.a, and 2.b of this Appendix A, as input to the Class Year 2010 Interconnection Facilities Study:
a) Connecting Transmission Owner Attachment Facilities: $1,086,236
b) Stand Alone System Upgrade Facilities: $74,195,143
c) Other System Upgrade Facilities - Xxxx 00xx Xxxxxx and Farragut Substations: $5,920,912. The final cost estimate will be reported in the final Class Year 2010 Interconnection Facilities Study.
Cost Estimates. Upon request of any Consenting Party, Operator shall furnish estimates of current and cumulative costs incurred for the joint account at reasonable intervals during the conduct of any operation pursuant to this Agreement. Operator shall not be held liable for errors in such estimates so long as the estimates are made in good faith.
Cost Estimates. § 3.1.6.1 Based on the preliminary design and other design criteria prepared by the Architect, the Construction Manager shall prepare, for the Architect’s review and the Owner’s approval, preliminary estimates of the Cost of the Work or the cost of program requirements using area, volume, or similar conceptual estimating techniques. If the Architect or Construction Manager suggests alternative materials and systems, the Construction Manager shall provide cost evaluations of those alternative materials and systems.
§ 3.1.6.2 As the Architect progresses with the preparation of the Schematic Design, Design Development and Construction Documents, the Construction Manager shall prepare and update, at appropriate intervals agreed to by the Owner, Construction Manager and Architect, an estimate of the Cost of the Work with increasing detail and refinement. The Construction Manager shall include in the estimate those costs to allow for the further development of the design, price escalation, and market conditions, until such time as the Owner and Construction Manager agree on a Guaranteed Maximum Price for the Work. The estimate shall be provided for the Architect’s review and the Owner’s approval. The Construction Manager shall inform the Owner and Architect in the event that the estimate of the Cost of the Work exceeds the latest approved Project budget, and make recommendations for corrective action.
§ 3.1.6.3 If the Architect is providing cost estimating services as a Supplemental Service, and a discrepancy exists between the Construction Manager’s cost estimates and the Architect’s cost estimates, the Construction Manager and the Architect shall work together to reconcile the cost estimates.
Cost Estimates. Client and Engineer acknowledge that Engineer has no control over cost of labor, materials, equipment of services furnished by others, over contractors’ methods of determining prices, or other competitive bidding or market conditions and that Engineer’s estimates of Project construction cost will be made on the basis of its employees’ experience and qualifications and will represent Engineer’s employees’ best judgment as experienced and qualified professionals, familiar with the construction industry. Engineer does not guarantee that proposal, bids, or actual construction cost will not vary from its estimates of Project cost and Client acknowledges the same.
Cost Estimates. The Project Consultant shall review and comment on all cost estimates submitted by the Construction Manager.
Cost Estimates. The Consultant will develop, provide and maintain a cost estimate for each design alternative. The Consultant will update the estimate periodically and as necessary to incorporate significant design changes.
Cost Estimates. The Professional shall provide a final cost estimate based upon a detailed take- off of labor, materials and equipment, based upon experience and nationally recognized Construction Specifications Institute (CSI) based estimating systems such as R.S. Means ® or other generally accepted standard cost estimating system acceptable to the Owner. The cost estimate shall provide quantities, unit costs for materials and equipment, labor units for the installation of the materials and equipment, and wage rates (including base rate, taxes, insurance and fringe benefits) for the installation of the materials and equipment. The cost estimate shall include an appropriate design contingency, bidding contingency, contractor’s overhead and profit, escalation and trade contractor or construction manager general conditions costs as directed by the Owner. The estimate shall be prepared using the Owner provided “Consultant Cost Estimating Workbook”. Upon prior written approval of the Owner, the Professional may prepare the estimate in an alternative format provided the estimate includes at a minimum, all information contained in the Owner supplied format. The Professional shall provide a reconciliation to the previous cost estimate and the Approved Construction Budget. The reconciliation shall include an explanation of any variances or overall increases. The cost estimate shall be in the same format as the Owner’s Schedule of Values.
Cost Estimates. T ransmission Owner’s Attachment Facilities and Ring Bus SUF Cost Estimate* Primary Substation Equipment $3,250,000 Protective relays, controls, RTU and SCADA $960,000 Revenue Meters $195,000 Control Buildings $195,000 230 kV Line Tap $540,000 Cable Trenches and Conduits $620,000 Site work $600,000 Foundations $640,000 Structural Steel $450,000 Lighting, Security $220,000 Spare Parts $280,000 Microwave Communication Attachment $160,000 Sequence of Events Recorder $140,000 Digital Fault Recorder $80,000 Demolition and protective rework $220,000 Land Acquisition $80,000 Access Roads, Survey & Site Clearing $200,000 Licensing and Permitting $120,000 Engineering $480,000 Construction Management $360,000 Noble Development Cost $133,000 Testing and Commissioning $230,000 Other Equipment Cost (15% of install man-hours) $26,000 Other Engineering, QA/QC, Project Mgt. $525,000 Subtotal $10,704,000 Contingency 20% $2,140,800 Other Indirects 15% $157,680 * Note that this cost estimate includes the cost estimate for the Xxxx Substation Ring Bus System Upgrade Facilities described in Section II.C. of this Appendix A. The cost of the Xxxx Substation ring bus System Upgrade Facilities will be shared between the Xxxxxxxxx Xxxxxxxxx and the Xxxxxxx Xxxxxxxxx projects.
Cost Estimates. Construction Manager shall deliver and meet with Owner Parties to discuss detailed estimates of the Contract Sum, and updates to those detailed estimates, in accordance with this Agreement and on the dates set forth in the Project Schedule. Construction Manager’s cost estimates shall use recognized and accepted industry techniques. In the event Construction Manager’s cost estimate exceeds its applicable Target GMP, Construction Manager shall meet with Owner Parties to discuss changes and review alternatives necessary to establish a mutually acceptable GMP. Upon request, Construction Manager shall estimate the costs of alternative designs or Materials to determine preliminary budgets and their possible economies, including those necessitated by special procurement issues, as set forth in Section 5.3.2 above.
