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. Following conclusion of all workshops, the Consultant will prepare a final summary document that will include an executive summary outlining all work completed, conclusions reached, and recommendations made as part of this study, and include all technical memoranda and references as attachments.
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 and to update the estimate based on the 100% Design. • 100% Opinion of Probable Construction Cost (2 hard copy, electronic copy)
Opinion of Probable Construction Cost. Opinions of probable construction costs and detailed cost estimates prepared by the Engineer represent his/her best judgment as a design professional familiar with the construction industry. It is recognized, however, that the Engineer 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, Engineer makes no warranty, express or implied, that the bids or the negotiated cost of the work will not vary form Engineer's opinion of probable construction costs.
Opinion of Probable Construction Cost. Participate in review meetings (90% Submittal and 100% Submittal). Prepare meeting agenda and meeting minutes.
Opinion of Probable Construction Cost. Updated estimated construction quantities and engineer’s opinion of probable construction costs (OPCC) tabulated in Microsoft Excel format. The Town may request additional justification for significant cost differences from previously provided OPCC’s.
Opinion of Probable Construction Cost. (OPCC)
2.7.1 Compile and prepare a conceptual opinion of probable construction cost (OPCC) for the project using recent average unit bid prices which are representative of similar types of construction in the local area
Opinion of Probable Construction Cost. (OPCC) Field Check OPCC Preliminary Design OPCC
