Common use of Estimated Construction Cost Clause in Contracts

Estimated Construction Cost. The estimated cost to the District of all elements of the Work designed or specified by the Architect‐Engineer to mid‐point of construction, including the cost of temporary swing space, equipment designed, specified, selected or specially provided for by the Architect‐Engineer (plus a reasonable allowance for the contractor’s overhead and profit and construction bond), FF&E and design elements developed as a part of comprehensive interior design. Estimated Construction Costs also include a reasonable allowance for contingencies for market conditions at the time of bid and for changes in the work during construction. Architect‐Engineer shall include within the Estimated Construction Cost design contingency amounts as follows: 15% during schematic design; 10% during design development; 5% during construction documents. However, it does not include compensation for the Architect‐Engineer’s and their consultants’ design services, District’s project management charges, land value, cost of rights of way improvements, financing or other costs which remain the responsibility of the District. Estimates prepared by the Architect‐ Engineer represent the Architect‐Engineer’s judgment as a design professional familiar with the construction industry, not as a Contractor. It is recognized, however, that neither the Architect‐ Engineer nor the District have any control over the cost of labor, materials or equipment, over the Contractor’s methods of determining bid prices, or over competitive bidding or market conditions. It is recognized the Architect‐Engineer does not guarantee or represent that bids will not vary from the Estimated Project Construction Cost or from any estimate of construction cost or evaluation prepared by Architect. This, however, is not intended to discharge the Architect‐Engineer from any obligations imposed or otherwise consistent with the standard of care. Fee: The agreed upon payment to the Architect‐Engineer for the Basic Services. Guide Specifications: These are construction specifications in CSI format that define the materials and systems acceptable to the District, including considerations of economy, performance, and maintenance and operations. The Guide Specifications often include alternative choices. In any case, they must be edited by the Architect‐Engineer to suit the needs of each specific project. Inspector of Record (Project Inspectors): District will engage Project Inspector(s) as required by the California Education Code and Title 24, which Project Inspectors shall have been approved by Architect‐Engineer and submitted by Architect‐Engineer to DSA, as required by those codes. Said Project Inspectors shall be under the direction of consultant, as required by the California Code of Regulations. Project: The planning, design, construction, and outfitting of the facility described herein. Project Cost: The total cost of planning, design, construction, and outfitting of the facility described herein, including temporary swing space if required.

Estimated Construction Cost. The estimated cost to the District of all elements of the Work designed or specified by the Architect‐Engineer Architect-Engineer to mid‐point mid-point of construction, including the cost of temporary swing space, equipment designed, specified, selected or specially provided for by the Architect‐Engineer Architect-Engineer (plus a reasonable allowance for the contractor’s overhead and profit and construction bond), FF&E and design elements developed as a part of comprehensive interior design. Estimated Construction Costs also include a reasonable allowance for contingencies for market conditions at the time of bid and for changes in the work during construction. Architect‐Engineer Architect-Engineer shall include within the Estimated Construction Cost design contingency amounts as follows: 15% during schematic design; 10% during design development; 5% during construction documents. However, it does not include compensation for the Architect‐EngineerArchitect-Engineer’s and their consultants’ design services, District’s project management charges, land value, cost of rights of way improvements, financing or other costs which remain the responsibility of the District. Estimates prepared by the Architect‐ Architect- Engineer represent the Architect‐EngineerArchitect-Engineer’s judgment as a design professional familiar with the construction industry, not as a Contractor. It is recognized, however, that neither the Architect‐ Architect- Engineer nor the District have any control over the cost of labor, materials or equipment, over the Contractor’s methods of determining bid prices, or over competitive bidding or market conditions. It is recognized the Architect‐Engineer Architect-Engineer does not guarantee or represent that bids will not vary from the Estimated Project Construction Cost or from any estimate of construction cost or evaluation prepared by Architect. This, however, is not intended to discharge the Architect‐Engineer Architect-Engineer from any obligations imposed or otherwise consistent with the standard of care. Fee: The agreed upon payment to the Architect‐Engineer Architect-Engineer for the Basic Services. Guide Specifications: These are construction specifications in CSI format that define the materials and systems acceptable to the District, including considerations of economy, performance, and maintenance and operations. The Guide Specifications often include alternative choices. In any case, they must be edited by the Architect‐Engineer Architect-Engineer to suit the needs of each specific project. Inspector of Record (Project Inspectors): District will engage Project Inspector(s) as required by the California Education Code and Title 24, which Project Inspectors shall have been approved by Architect‐Engineer Architect-Engineer and submitted by Architect‐Engineer Architect-Engineer to DSA, as required by those codes. Said Project Inspectors shall be under the direction of consultant, as required by the California Code of Regulations. Project: The planning, design, construction, and outfitting of the facility described herein. Project Cost: The total cost of planning, design, construction, and outfitting of the facility described herein, including temporary swing space if required.