Opinion of Probable Construction Cost. As part of the Deliverables, COMPANY may submit to the CLIENT an opinion of probable cost required to construct work recommended, designed, or specified by COMPANY, if required by CLIENT. COMPANY is not a construction cost estimator or construction contractor, nor should COMPANY’S rendering an opinion of probable construction costs be considered equivalent to the nature and extent of service a construction cost estimator or construction contractor would provide. This requires COMPANY to make a number of assumptions as to actual conditions that will be encountered on site; the specific decisions of other design professionals engaged; the means and methods of construction the contractor will employ; the cost and extent of labor, equipment and materials the contractor will employ; contractor's techniques in determining prices and market conditions at the time, and other factors over which COMPANY has no control. Given the assumptions which must be made, COMPANY cannot guarantee the accuracy of its opinions of cost, and in recognition of that fact, the CLIENT waives any claim against COMPANY relative to the accuracy of COMPANY’S opinion of probable construction cost.
Opinion of Probable Construction Cost. Opinion of Probable Construction Cost means a level one (1) cost estimate to facilitate budgetary and feasibility determinations, based on historical information with adjustments made for specific Project conditions, wherein estimates are based on costs per square foot, number of rooms/seats, etc. Project information required for estimates at this level shall include a general functional description, schematic layout, geographic location, size expressed as building area, numbers of people, seats, as such, and intended use.
Opinion of Probable Construction Cost. An opinion of probable cost will be prepared with each deliverable during the design phase.
Opinion of Probable Construction Cost c) Participate in review meetings (60% Submittal and 90% Submittal). Prepare meeting agenda and meeting minutes.
Opinion of Probable Construction Cost. Opinions of probable construction costs and detailed cost estimates prepared by the CONSULTANT represent his/her best judgment as a design professional familiar with the construction industry. It is recognized, however, that the CONSULTANT has no 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. Accordingly, the CONSULTANT makes no warranty, express or implied, that the bids or the negotiated cost of the work will not vary from the CONSULTANT’s opinion of probable construction cost.
Opinion of Probable Construction Cost. Design Professional will update the quantities and the opinion of probable construction cost to address 100% review comments from the City. Deliverables: • Final Opinion of Probable Construction Cost (2 hard copy, electronic copy)
Opinion of Probable Construction Cost. Prepare updates to the opinion of probable construction cost for the proposed work presented with the Design Memorandum at Xxxxx 0, Xxxxx 0 and at Final Design. All opinions of probable construction costs developed will follow the recommendations of the Association for the Advancement of Cost Engineering (AACE) International Recommended Practice No. 18R with regard to methodology and accuracy. Since Engineer has no control over the cost of labor, material, or equipment furnished by others not under contract to Engineer, Engineer’s opinion of probable cost for construction of the work will be made on the basis of experience and qualifications as an Engineer. Engineer does not guarantee or warranty that proposals, bids, or actual project costs will not vary from Engineer’s opinions of probable cost. The cost opinion level of accuracy presented by Engineer will be in accordance with accepted industry guidelines and as defined by AACE. The cost opinion will be of Class 2 accuracy for the opinions based on the Level 1 and Level 2 documents and of Class 1 accuracy for the opinion based on the Final documents.
Opinion of Probable Construction Cost. Quantity estimates for all items of work will be included in the construction bid documents. An engineer's opinion of probable cost will be prepared to include unit costs for defined items of work and total costs for the rehabilitation of the seven
Opinion of Probable Construction Cost. (OPCC) Field Check OPCC AECOM will prepare an OPCC using the field check plan set and will prepare the cost estimate based on an AACE class estimate appropriate for the level of design. Preliminary Design OPCC AECOM will prepare an OPCC broken into an itemized bid table using quantities developed from the Preliminary Design Plan set and will assume an AACE class estimate appropriate for the level of design.
Opinion of Probable Construction Cost. Using the quantities calculated following the completion of the preliminary plans and specifications, prepare the Opinion of Probable Construction Cost. The Opinion of Probable Construction Cost will be based on information obtained from previous projects, contractors, material suppliers, and other databases available, for each schedule.
