Cost Monitoring. Consultant shall:
Cost Monitoring. The Trustees require that the Service Provider monitor costs incurred for the Preconstruction Phase separately. At the request of the Trustees, the Service Provider may be required to provide a cost report supporting Preconstruction Phase costs incurred by the Service Provider. Should the Trustees determine that the Service Provider did not staff the Preconstruction Phase as represented by the Service Provider’s proposal the Trustees will be entitled to recover unsupported payments to the Service Provider.
Cost Monitoring. Conslutant shall:
Cost Monitoring. APM will monitor the cost of the design in each phase. APM will maintain dialogue with the Design-Builder and provide cost information at the project meetings. October 21, 2021 P a g e | 6
Cost Monitoring. Monitor all costs and expenses of construction to confirm that at each stage of the construction process there are sufficient remaining funds within the Final Development Budget to complete the Project.
Cost Monitoring. The Trustee is aware of the importance of monitoring the total investment costs and the impact that these costs can have on the potential value of the Trust's assets. Following the purchase of an Annuity Policy, responsibility for monitoring costs has been delegated to the Annuity Provider. The Trustees therefore do not monitor costs relating to the Policy, however they expect the Annuity Provider to confirm if costs are likely to have an impact on the agreed Policy. The Trustee paid a premium to LGAS when the Annuity Policy was initiated, and as a result there are no ongoing fees in respect of the Policy.
Cost Monitoring
