Cost Planning. The Contractor must: within 28 days of the Award Date, prepare a cost plan (based on the Outline Cost Plan); and update the cost plan throughout the Planning Phase (at a minimum, as a condition precedent to achieving each Planning Phase Milestone), in each case, so that the cost plan complies with the requirements of the Contract. The Contractor must: ensure that each cost plan is prepared by reference to the latest Planning Phase Design Documentation and is reconciled against, and so as to show all deviations from, the Outline Cost Plan; adopt an "open book" approach to the process of preparing each cost plan and allow the Contract Administrator to access any quotations, correspondence, trade estimates, information from previous projects or other relevant information as may be requested by the Contract Administrator or which would otherwise facilitate and expedite the cost planning process; ensure that each cost plan is prepared so as to: maximise value for money for the Commonwealth; and without limiting subsubparagraph A, maximise all opportunities for cost savings which a prudent, competent and experienced contractor could implement without derogating from the achievement of the other requirements of the Contract; and without limiting the foregoing, use its best endeavours to ensure that the proposed Delivery Phase Price does not exceed the Indicative Delivery Phase Price. Each cost plan prepared by the Contractor must include: a detailed breakdown of the proposed Delivery Phase Price by reference to each line item of the work comprising the Contractor's Activities including, where the proposed Delivery Phase Price differs from the Indicative Delivery Phase Price, details of and a validation of such difference including by reference to the matters set out in paragraph (b); and all such other matters as the Contract Administrator may require in writing. The Contractor must: submit each cost plan to the Contract Administrator; if any cost plan submitted by the Contractor is rejected by the Contract Administrator (in the Contract Administrator's absolute discretion), submit an amended cost plan to the Contract Administrator (within the time required by the Contract Administrator); obtain the Contract Administrator's written approval to the final cost plan as a condition precedent to Delivery Phase Approval; and in the process of preparing a cost plan (or amended cost plan), co-operate with the Commonwealth, the Contract Administrator and all other people ...
Cost Planning. 1.2.1 Together with MWC and the Professional Team, consider and assist in the preparation and agreement with MWC and those consultants of the Tunnel Project cost plan. In particular the Construction Manager should:
a) Obtain budget costs of systems, assemblies, equipment and materials;
b) Evaluate costed alternative materials, construction techniques, and installation methods;
c) Advise on current pricing levels and trends in the area of the Tunnel Project;
d) Prepare a cash-flow forecast for the Tunnel Project.
1.2.2 Prepare and obtain the agreement and signatures of MWC and the Professional Team to the Tunnel Project cost plan.
Cost Planning. Discuss with the Architect the conceptual idea and essential particulars of his scheme and prepare a Cost Plan for the project. The total of the Cost Plan should be in line with the Employer’s approved Budget. The Cost Plan shall list in detail the various cost centers complete with their controlling quantities and rates to assist the Architect in his design development and selection of materials.
