Initial Statement of Probable Construction Cost. The Design Professional shall prepare and submit an initial Statement of Probable Construction Cost in the UniFormat™ Level I shown in Exhibit F. To the extent the Statement of Probable Construction Cost significantly deviates from the GMP Cost Limitation, the Design Professional shall discuss the deviations with the Owner and prepare and submit a plan to address the differences. As the design progresses, the Design Professional shall prepare and submit updated Statements of Probable Cost in like format.
Initial Statement of Probable Construction Cost. The Design-Builder shall prepare and submit an initial Statement of Probable Construction Cost in the UniFormat™ Level I shown in Exhibit C-1. To the extent the Statement of Probable Construction Cost significantly deviates from the GMP Cost Limitation, the Design-Builder discuss the deviations with the Owner and prepare and submit a plan to address the differences. As the design progresses, the Design-Builder shall prepare and submit updated Statements of Probable Cost in like format. The Design-Builder shall obtain the written approval of the Owner of the Schematic Design Phase before proceeding with the next phase.
