Common use of Estimates of the Cost of the Work Clause in Contracts

Estimates of the Cost of the Work. The Architect shall prepare, review and update on a monthly basis an Estimate of the Cost of the Work throughout the Schematic Design, Design Development, Construction Documents and construction phases of the Project provided, however, that in the event a construction manager is retained for the Project the preparation and maintenance of the Estimates of the Cost of the Work may be assigned by the Owner to the construction manager, in which event the Architect shall review the Estimates of the Cost of the Work for purposes of assuring that the Architect’s Design and Construction Documents meets the requirements of the Construction Budget. The Architect shall advise the Owner of any adjustments to previous estimates of the Cost of the Work indicated by changes in Project requirements or general market conditions. If at any time the Architect’s estimate of the Cost of the Work exceeds the Construction Budget, the Architect shall make appropriate recommendations to the Owner to adjust the Project size, quality, or budget, and the Owner shall cooperate with the Architect in making such adjustments.

Estimates of the Cost of the Work. The Architect Engineer shall prepare, review and update on a monthly basis an Estimate of the Cost of the Work throughout the Schematic Design, Design Development, Construction Documents and construction phases of the Project provided, however, that in the event a construction manager is retained for the Project the preparation and maintenance of the Estimates of the Cost of the Work may be assigned by the Owner to the construction manager, in which event the Architect Engineer shall review the Estimates of the Cost of the Work for purposes of assuring that the ArchitectEngineer’s Design and Construction Documents meets the requirements of the Construction Budget. The Architect Engineer shall advise the Owner of any adjustments to previous estimates of the Cost of the Work indicated by changes in Project requirements or general market conditions. If at any time the ArchitectEngineer’s estimate of the Cost of the Work exceeds the Construction Budget, the Architect Engineer shall make appropriate recommendations to the Owner to adjust the Project size, quality, or budget, and the Owner shall cooperate with the Architect Engineer in making such adjustments.

Estimates of the Cost of the Work. The Architect shall prepare, review and update on a monthly basis an Estimate of the Cost of the Work throughout the Schematic Design, Design Development, Construction Documents and construction phases constructionphases of the Project provided, however, that in the event a construction manager is retained for the Project the preparation and maintenance of the ofthe Estimates of the Cost of the Work may be assigned by the Owner to the construction manager, in which event the Architect shall review the Estimates of the Cost of the Work for purposes of assuring that the Architect’s Design and Construction Documents meets the requirements of the Construction Budget. The Architect shall advise the Owner of any adjustments to previous estimates of the Cost of the Work indicated by changes in Project requirements or general market conditions. If at any time the Architect’s estimate of the Cost of the Work exceeds the Construction Budget, the Architect shall make appropriate recommendations to the Owner to adjust the Project size, quality, or budget, and the Owner shall cooperate with the Architect in making such adjustments.