Common use of Cost Estimating Clause in Contracts

Cost Estimating. The Owner’s Project Manager shall review the Designer’s cost estimates at each Design phase (schematic and construction documents). The Owner’s Project Manager shall identify and notify the Owner of any issues or concerns with the Designer’s cost estimates. In the event that the cost as estimated by the Designer exceeds the construction cost in the Project Budget at any of the Design phases, the Owner’s Project Manager shall consult with the Designer, and recommend to the Owner appropriate revisions to the scope of work.

Appears in 4 contracts

Samples: Contract for Project Management Services, Contract for Project Management Services, Project Management Services Agreement

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