Common use of Preliminary Cost Estimates Clause in Contracts

Preliminary Cost Estimates. § 2.1.5.1 Based on the current design and other design criteria prepared by the Architect, the Construction Manager shall prepare shall prepare a detailed estimate by trade or scope package, which will be broken down by phase of construction, with supporting data for review by the Architect and approval by the Owner.

Preliminary Cost Estimates. § 2.1.5.1 Based on the current design and other design criteria prepared by the Architect, the Construction Manager shall prepare shall prepare a detailed estimate by trade or scope package, which will be broken down by phase of construction, with supporting data for review by the Architect and approval by the Owner. These budgets will also have a comparison to the Construction Manager’s historical cost data for similar size and project type. The Construction Manager shall assist the Owner in revising the Owner’s Budget based on this estimate.