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 Preconstruction 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. 7.8.5.1. 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.
7.8.5.2. The Professional shall prepare monthly cash flow requirements based upon information provided by the contractor. The Professional shall update cash flow reports monthly and include these reports with monthly updates to NBU.
7.8.5.3. The Professional shall verify quantities of work in place, review the payment requests and supporting documentation, and provide an opinion of whether the payment requested matches the work completed to NBU via email.
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. Contractor shall manage activities in planning project cost and continuous Project cost control reporting.
Cost Management. 7.7.5.1. The RPR shall review the schedule of values and payment requests prepared by the contractor. The RPR 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.
7.7.5.2. The RPR shall prepare monthly cash flow requirements based upon information provided by the contractor. The RPR shall update cash flow reports monthly and include these reports with monthly updates to NBU.
7.7.5.3. The RPR shall verify quantities of work in place, review the payment requests and supporting documentation, and provide an opinion of whether the payment requested matches the work completed to NBU via email.
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. Book 2 addresses requirements for Project cost management and reporting necessary for publicly-funded or subsidized projects.
Cost Management. The Service Provider is responsible for the following: Pricing the Price List and the Works Information.
Cost Management. Vendor will continually seek to identify methods for reducing and minimizing Expenses and will notify Reliance of such methods and the estimated potential savings of each such method. If Vendor proposes an innovative, value-added, cost-saving solution related to the Deliverables that improves Reliance’s cost savings beyond the level required by Vendor’s responsibility to manage costs, and if Reliance, in its sole discretion, elects to implement the proposed solution, then Reliance may elect to share with Vendor a portion of the net cost savings realized therefrom.
