Cost Management. The Construction Manager shall implement a cost forecasting, monitoring and control program and reporting system for the Project. The system shall be maintained throughout the project, both during the Pre-Construction and Construction Phases. Cost analyses shall be based upon data analyses as developed/described within paragraph 3.4 and shall include analyses of all trades and Project components making a significant contribution for total Project costs. The system shall provide for development of a Project cost model, monitoring the design process and periodic reviews of the cost estimates/forecasts to identify variances from the cost model. Additionally, the system shall identify variances between actual and budgeted or estimated costs or the Fixed Limit of Construction Cos and, consistent with paragraph 3.4.9, advise the Principal Representative and Architect/Engineer whenever projected costs are expected to exceed Project Budgets, Estimates of Construction Cost, the Fixed Limit of Construction Cost, or the Guaranteed Maximum Price as may be applicable.
Cost Management. 7.7.5.1 The Professional shall review the schedule of values and payment requests prepared by the contractor. The Professional shall establish with NBU and the contractor procedures to review the monthly quantities of work in place and the corresponding payment requests for work completed.
Cost Management. The CM shall be responsible for implementing a system of cost control, and for the completion of the Project within the GMP agreed to by the CM and the Owner as set forth herein.
Cost Management. (a) Historical Cost: IP will provide historical wood cost data for the Eastover Mill and Ticonderoga Mill for the period 2000 through 2020.
Cost Management. A. Revise the construction cost estimate to reflect actual cost as determined by bid amounts.
Cost Management. Contractor shall manage activities in planning project cost and continuous Project cost control reporting.
Cost Management i) The RPR shall review the schedule of values and payment requests prepared by the contractor. The RPR shall establish with the NBU Project Manager and the contractor procedures to review the monthly quantities of work in place and the corresponding payment requests for work completed.
Cost Management. 3.5.3.1 Schedule of Values (Each Contract) The CM shall, in participation with the Contractors, determine a Schedule of Values for each of the construction contracts. The Schedule of Values shall be the basis for PAYMENT TO THE CONTRACTORS the allocation of the Construction Contract price to the activities shown on the Contractor’s Construction Schedule.
Cost Management. 7.1. The cost management requirements defined in Bylaw Section 14 shall also apply to the Project Agreement Committee.
Cost Management. Book 2 addresses requirements for Project cost management and reporting necessary for publicly-funded or subsidized projects.
