Cost Estimating. Develop an independent construction cost estimate in accordance with the following: (1) The estimate shall consist of unit costs applied to the major items and quantities of work. The unit cost shall reflect the complete direct current cost of work; complete cost meaning labor, material, waste allowance, sales tax, and subcontractor’s xxxx-up. (2) Fees and General Conditions shall be specified as separate line-item costs. (3) The estimate shall be prepared on the basis of specification section and summarized by the Construction Specifications Institute category. (4) The estimate shall specify separate line-item categories and totals for the building construction costs, site costs, and utilities costs. (5) The estimate shall be priced out at current market conditions and shall incorporate all adjustments, as appropriate, relating to mid-point of construction, contingency, and cost index (e.g., Xxxxxxxx-Xxxxx).
Appears in 4 contracts
Samples: Construction Management Agreement, Construction Management Services Agreement, Construction Management Agreement
