Common use of Periodic Cost Estimates Clause in Contracts

Periodic Cost Estimates. During Schematic Design and Design Development, Design Build Entity shall submit a detailed Periodic Cost Estimate that reflects the cost of all Construction Work at the then current stage of design in Uniformat consistent with the TGMP/GMP Preparation Form prepared by Design Build Entity, and pursuant to Design Build Entity’s Target Value Design obligations. In addition to the foregoing, and upon Judicial Council’s reasonable request, during any part of the Pre-GMP Phase Work, Design Build Entity shall provide Judicial Council with Periodic Cost Estimates consistent with the above requirements.

Periodic Cost Estimates. During Schematic Design and Design Development, Design Build Entity shall submit a detailed Periodic Cost Estimate that reflects the cost of all Construction Work at the then current stage of design in Uniformat Uniformat, consistent with the TGMP/GMP Preparation Form prepared by Design Build Entity, and pursuant to Design Build Entity’s Target Value Design obligations. In addition to the foregoing, and upon Judicial Council’s reasonable request, during any part of the Pre-Pre- GMP Phase Work, Design Build Entity shall provide Judicial Council with Periodic Cost Estimates consistent with the above requirements.