Common use of Costs of Construction Clause in Contracts

Costs of Construction. It is understood by Architect that should the Final Working Drawings and Specifications be ordered by DISTRICT, DISTRICT shall specify the sum of money set aside to cover the total cost of construction of the work, exclusive of Architect's fees. Should it become evident that the total construction cost will exceed the specified sum, Architect shall at once present a statement in writing to the DISTRICT's Representative setting forth this fact and giving a full statement of the cost estimates on which the conclusion is based.

Costs of Construction. It is understood by Architect Designer that should the Final Working Drawings and Specifications be ordered by DISTRICTDistrict, DISTRICT District shall specify the sum of money set aside to cover the total cost of construction of the work, exclusive of Architect's Designer’s fees. Should it become evident that the total construction cost will exceed the specified sum, Architect Designer shall at once present a statement in writing to the DISTRICT's District’s Representative setting forth this fact and giving a full statement of the cost estimates on which the conclusion is based.