Cost Opinions Sample Clauses

Cost Opinions. Any cost opinions or Project economic evaluations provided by Engineer will be on a basis of experience and judgment; but, since it has no control over market conditions or bidding procedures, Engineer cannot warrant that bids, ultimate construction cost, or Project economics will not vary from these opinions.

Cost Opinions. Any cost opinions or Project economic evaluation provided by the CONSULTANT will be on a basis of experience and judgment; but, since it has no control over market conditions or bidding procedures, CONSULTANT cannot warrant that bids, ultimate construction cost, or project economics will not vary from these opinions.

Cost Opinions. 7.1.1. If the Agreement requires Consultant to render cost opinions, Consultant’s opinion of cost will require use of its experience and qualifications to apply pertinent industry cost data to the Project. Consultant’s opinions of cost shall represent its best judgment as an experienced and qualified professional, based on Consultant’s own construction cost data, its familiarity with the Project and its knowledge and use of generally available and acceptable construction industry cost data.

Cost Opinions. 7.1.1 If the Agreement requires Consultant to render cost opinions, Consultant’s opinion of cost will require use of its experience and qualifications to apply pertinent industry cost data to the Project in accordance with the Standard of Care. Consultant’s opinions of cost shall represent its best judgment as an experienced and qualified professional, based on Consultant’s own construction cost data, its familiarity with the Project and its knowledge and use of generally available and acceptable construction industry cost data. Consultant’s opinions, recommendations and assessments are limited by a) the accuracy and completeness of information upon which it may reasonably rely, b) schedule constraints or scope limitations, c) unknown or variable site or other conditions, d) other factors beyond Consultant’s control. Any estimates as to construction costs are limited by a lack of control over financial and/or market conditions, including the future price or availability of labor, materials, and prospective bidding environments and procedures. Consultant does not warrant or guarantee the accuracy or completeness of its Services to the extent impacted by these limitations and the City should limit its reliance on the Services in like manner.

Cost Opinions. Any cost opinions provided by Xxxxxxx will be developed on a basis of experience and judgment. Since it has no control over market conditions or bidding procedures, Xxxxxxx cannot warrant that bids or ultimate construction costs will not vary from these cost opinions; however, Xxxxxxx acknowledges that the City is relying on the cost opinions provided by Xxxxxxx and expects minimal variation from the cost opinions provided.

Cost Opinions. Opinions of probable construction cost or project economic evaluations prepared by Xxxxx and Xxxxxxxx will be on the basis of its experience and judgment as a design professional familiar with the industry. Xxxxx and Xxxxxxxx has no control over market conditions, construction methods or competitive conditions and therefore cannot represent that actual bids, negotiated prices, ultimate construction costs or project economics will not vary from these opinions.

Cost Opinions. The PROFESSIONAL will prepare construction cost opinions during the development of the PROJECT and will provide a final cost opinion based on the final plans. Opinions of probable construction cost prepared by the PROFESSIONAL represent the best judgment of a design professional familiar with the construction industry. It is recognized, however, that the PROFESSIONAL has no control over the cost of labor, materials or equipment over the Contractor’s methods of determining bid prices, or over the competitive bidding or market conditions. Accordingly, the PROFESSIONAL does not guarantee that any actual cost will not vary from any cost opinion prepared by the PROFESSIONAL.

Cost Opinions. The CONSULTANT shall prepare opinions of probable construction costs for the 50 and 100 percent design completion stage submittal. The accuracy of the cost estimate associated with the 50 percent completion stage shall be +30% to –15% “Budget” Level as defined by the American Association of Cost Engineers. The accuracy of the cost estimate associated with the 100 percent completion stage submittals shall be a +15% to –5% “Definitive” Level Estimates as defined by the American Association of Cost Engineers. All estimates shall be submitted in Microsoft “Excel” format in accordance with the template supplied by CITY. All estimates shall be furnished bound in 8-1/2-inch by 11-inch size. The CONSULTANT shall advise the CITY immediately when the Project cost estimate exceeds the budget established by the CITY. Based upon the CONSULTANT’s cost estimate, the CITY will advise the CONSULTANT if portions of the Project need to be deleted, phased and/or bid as alternate bid items to satisfy existing budgetary and fiscal constraints. In this effort, the CONSULTANT may be required to attend a series of meetings and develop alternative cost savings options for CITY consideration, if the estimates show that the projected Project cost will exceed the target budget. The CONSULTANT shall revise the contract documents to reflect necessary revisions to meet budget parameters at no additional cost accordingly.

Cost Opinions. The Client and Consultant agree an Opinion of Cost is general in nature and for a single moment in time. It is not a precise or exhaustive calculation of all cost components of site, building, building systems or design and construction services associated with this project. The Client understands that the Consultant has no control over the cost or availability of labor, equipment or materials, or over market conditions or the Contractor’s method of pricing, and that the Consultant’s estimates of probable construction costs are made based on the Consultant’s professional judgment and experience. The Consultant makes no warranty, express or implied, that the bids or the negotiated cost of the Work will not vary from the Consultant’s estimate of probable cost.

Cost Opinions. Supplementing the bikeway and walkway system maps, Alta will develop a project list with planning-level cost opinions. The list will include detailed information on each proposed bikeway/walkway segment length, corridor condition, and other information. The cost opinions will include estimated construction costs, planning, design, engineering and contingency costs, and the project list will note areas where right-of-way acquisition is necessary. Alta will use the latest unit costs available from the Rapid City Public Works and Parks and Recreation departments in conjunction with the most recent figures available from comparable communities in South Dakota. Each project segment will be evaluated according to an estimated cost-per- mile and estimated ongoing maintenance and operation costs by implementation phase based on comparable experiences.