Common use of Preliminary Project Cost and Schedule Clause in Contracts

Preliminary Project Cost and Schedule. At the beginning of the Project, the Owner will provide the Preliminary Project Cost (PPC) and general schedule for the Project. The PPC will include the Construction Cost Limitation, contingencies for changes in the Work during construction, and other costs that are the responsibility of the Owner. The PPC will be reflective of the Owner’s budget limitations for the project and will be used as a target for managing the various cost elements of the project. The Construction Cost Limitation included in the original PPC will serve as the initial target for Project design and development and for the GMP. The general schedule will set forth the Owner’s plans and objectives for completion of the Project and for intermediate milestone dates.

Preliminary Project Cost and Schedule. At the beginning of the Project, the Owner will provide the Preliminary Project Cost (PPC) and general schedule for the ProjectProject (including the Project Schedule). The PPC will include the Construction Cost Limitation, contingencies for changes in the Work during construction, and other costs that are the responsibility of the Owner. The PPC will be reflective of the Owner’s budget limitations for the project and will be used as a target for managing the various cost elements of the project. The Construction Cost Limitation included in the original PPC will serve as the initial target for Project design and development and for the GMP. The general schedule will set forth the Owner’s plans and objectives for completion of the Project and for intermediate milestone dates.

Preliminary Project Cost and Schedule. At the beginning of the Project, the Owner will provide the Preliminary Project Cost (“PPC”) and general schedule for the ProjectProject (including the Project Schedule). The PPC will include the Construction Cost Limitation, contingencies for changes in the Work during construction, and other costs that are the responsibility of the Owner. The PPC will be reflective of the Owner’s budget limitations for the project and will be used as a target for managing the various cost elements of the project. The Construction Cost Limitation included in the original PPC will serve as the initial target for Project design and development and for the GMP. The general schedule will set forth the Owner’s plans and objectives for completion of the Project and for intermediate milestone dates.