Common use of Design and Construction Budget Clause in Contracts

Design and Construction Budget. Design-Builder shall prepare for the Project a Design-Builder’s Project Budget (the "Design and Construction Budget") setting forth a preliminary estimate of all Project costs utilizing a format as outlined on Exhibit C. The Design and Construction Budget shall be sufficiently detailed to effectively track the cost of the Project. Design Builder shall prepare and submit the Design and Construction Budget at regular intervals during the design and construction phases of the project and shall, by efficient management, supervision and value engineering, ensure that the GMP will not exceed the GMP Cost Limitation. Estimates shall set forth in detail Design-Builder's estimate of design and construction costs, including all Actual Costs, Design Contingency, Construction Contingency and Design Builder Fees, for the construction of the Project and each Component thereof. As the Construction Documents are completed, the Design-Builder shall incorporate the Design Builder’s Statements of Probable Construction Cost (Exhibit C–1) into the Design and Construction Budget.

Design and Construction Budget. Design-Builder shall prepare for the Project a Design-Builder’s Project Budget (the "Design and Construction Budget") setting forth a preliminary estimate of all Project costs utilizing a format as outlined on Exhibit C. The Design and Construction Budget shall be sufficiently detailed to effectively track the cost of the Project. Design Builder shall prepare and submit the Design and Construction Budget at regular intervals during the design and construction phases of the project and shall, by efficient management, supervision and value engineering, ensure that the GMP will not exceed the GMP Cost Limitation. Estimates shall set forth in detail Design-Builder's estimate of design and construction costs, including all Actual Costs, Design Contingency, Construction Contingency and Design Builder Fees, for the construction of the Project and each Component thereof. As the Construction Documents are completed, the Design-Builder shall incorporate the Design BuilderProfessional’s Statements of Probable Construction Cost (Exhibit C–1) into the Design and Construction Budget.

Design and Construction Budget. Design-Builder shall prepare for the Project a Design-Builder’s Project Budget (the "Design and Construction Budget") setting forth a preliminary estimate of all Project costs utilizing a format as outlined on Exhibit C. The Design and Construction Budget shall be sufficiently detailed to effectively track the cost of the Project. Design Design-Builder shall prepare and submit the Design and Construction Budget at regular intervals during the design and construction phases of the project and shall, by efficient management, supervision and value engineering, ensure that the GMP will not exceed the GMP Cost Limitation. Estimates shall set forth in detail Design-Builder's estimate of design and construction costs, including all Actual Costs, Design Contingency, Construction Contingency and Design Design- Builder Fees, for the construction of the Project and each Component thereof. As the Construction Documents are completed, the Design-Builder shall incorporate the Design Builder’s Statements itsStatements of Probable Construction Cost (Exhibit C–1) into the Design and Construction Budget.

Design and Construction Budget. Design-Builder shall prepare for the Project a Design-Builder’s Project Budget (the "Design and Construction Budget") setting forth a preliminary estimate of all Project costs utilizing a format as outlined on Exhibit C. The Design and Construction Budget shall be sufficiently detailed to effectively track the cost of the Project. Design Design-Builder shall prepare and submit the Design and Construction Budget at regular intervals during the design and construction phases of the project and shall, by efficient management, supervision and value engineering, ensure that the GMP will not exceed the GMP Cost Limitation. Estimates shall set forth in detail Design-Builder's estimate of design and construction costs, including all Actual Costs, Design Contingency, Construction Contingency and Design Design-Builder Fees, for the construction of the Project and each Component thereof. As the Construction Documents are completed, the Design-Builder shall incorporate the Design Builder’s Statements itsStatements of Probable Construction Cost (Exhibit C–1) into the Design and Construction Budget.