Common use of Project Construction Budget Clause in Contracts

Project Construction Budget. The Architect/Engineer acknowledges that the Owner has provided a Project Construction Budget which is attached as Exhibit B. The Project Construction Budget is defined as the total budget identified for the construction of the Project. As identified in Exhibit B, the total Project Construction Budget consists of site development, building shells and interiors, site improvements, and any items of furniture and equipment that are included in the construction of the Project. The Architect/Engineer agrees that the Project Construction Budget is of the essence to this Agreement. The Architect/Engineer’s work product, including without limitation, any designs, plans, and drawings, shall be designed to be constructed within the Project Construction Budget.

Project Construction Budget. The Architect/Engineer Architect acknowledges that the Owner has provided a Project Construction Budget Budget, which is attached as Exhibit B. The Project Construction Budget is defined as the total budget identified for the construction of the Project. As identified in Exhibit B, the total Project Construction Budget consists of site development, building shells and interiors, site improvements, and any items of furniture and equipment that are is included in the construction of the Project. The Architect/Engineer Architect agrees that the Project Construction Budget is of the essence to this Agreement. The Architect/Engineer’s work product, including without limitation, any designs, plans, and drawings, shall be designed to be constructed within the Project Construction Budget.