Project Cost Reporting and Budget Coordination Sample Clauses

Project Cost Reporting and Budget Coordination. Construction Manager shall, at the outset of the Services, develop and thereafter maintain Project budgets and records of actual costs expended against budgets, and thereafter report monthly to District in formats approved by District. This includes, without limitation, the following: 2.4.1. Recommend budget and report formats. Review District's existing accounting system and reporting formats and recommend for District approval, an integrated, computer-based project accounting system specific to the Project that will complement and/or integrate with the District’s existing systems and reporting formats. 2.4.2. Develop cost reports showing budgets, cash flow, status of funding, encumbrances, actual expenditures, and estimated cost at completion, forecasts and estimated budget surplus or deficit. Format shall be approved by District. Include in Monthly Report. The objective of this cost reporting shall be to permit the District to plan, track, control and adjust plans and cost commitments to meet budgets. 2.4.3. Monthly reports of cost against budget. Develop and maintain budgets and estimates in detail by account code and other relevant breakdown for all expected project costs to include contractors, consultants, inspectors, permits, fees, and all other project costs. Maintain records of original budgets, amendments, and the currently approved budget. Also maintain records of actual costs to include cost estimates, bids, change orders or amendments, encumbrances and expenditures. Monthly updates shall include estimated costs at completion based on actual cost to date and estimated cost to complete. Compare this with the current budget and show variances between budget and projected actual costs. 2.4.4. Implement a system of managing contingencies to include initially setting appropriate contingency amounts in budgets, reallocating contingency as necessary to funding, and maintained contingencies in amounts appropriate to the degree of work completion and cost confirmation. Plan for and recommend for District approval, at the appropriate time, the reallocation of any unused contingencies to fund projects. 2.4.5. Quarterly budget updates. Budget anticipated and actual funding, and compare funding with costs to be sure that they are balanced and that appropriate contingencies and reserves are maintained. Provide budget updates within two weeks after each quarter and whenever project actual costs exceed project contingencies. 2.4.6. District will provide infor...
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Related to Project Cost Reporting and Budget Coordination

  • Annual Work Plans and Budgets The Recipient shall furnish to the Association as soon as available, but in any case not later than September 1 of each year, the annual work plan and budget for the Project for each subsequent year of Project implementation, of such scope and detail as the Association shall have reasonably requested, except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than one (1) month after the Effective Date.

  • Business Plan and Budget As soon as available, but in any event within sixty (60) days after the end of each fiscal year of the Borrower, an annual business plan and budget of the Borrower and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form reasonably satisfactory to the Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a fiscal year basis and, in the case of such forecasted statements of income, on a fiscal quarterly basis for the immediately following fiscal year. As to any information contained in materials furnished pursuant to Section 6.02(f), the Borrower shall not be separately required to furnish such information under Section 6.01(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.01(a) and (b) above at the times specified therein.

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Budget Consulting Engineer/Architect shall advise City if, in its opinion, the amount budgeted for construction is not sufficient to adequately design and construct the improvement as requested.

  • Project Work Plan The Statement of Work is the formal document incorporated into the Grant. The Project Work Plan documents how the Grantee will achieve the performance measures outlined in the Grant. Changes to the Statement of Work require an amendment. Project Work Plans may be changed with written approval from PEI and the Grantee.

  • Project Budget A Project Budget shall be prepared and maintained by Grantee. The Project Budget shall detail all costs for which the Grant will be used during the Term. The Project Budget must be approved in writing by the Project Monitor. Grantee shall carry out the Project and shall incur costs and make disbursements of funds provided hereunder by the Sponsor only in conformity with the Project Budget. The current approved Project Budget is contained in Attachment “C”. Said Project Budget may be revised from time to time, but no Project Budget or revision thereof shall be effective unless and until the same is approved in writing by Project Monitor. The funds granted under this Grant Contract cannot be used to supplant (replace) other existing funds.

  • OFFICE OF MANAGEMENT AND BUDGET (OMB) AUDIT REQUIREMENTS The parties shall comply with the requirements of the Single Audit Act of 1984, P.L. 98-502, ensuring that the single audit report includes the coverage stipulated in 2 CFR 200.

  • Project Timeline The Project Timeline establishes a start and end date for each Phase of the Project. Developed during the Initiate & Plan Stage and revised as mutually agreed to, if needed, the timeline accounts for resource availability, business goals, size and complexity of the Project, and task duration requirements.

  • Information Systems Acquisition Development and Maintenance a. Client Data – Client Data will only be used by State Street for the purposes specified in this Agreement.

  • Timeline Contractor must perform the Services and deliver the Deliverables according to the following timeline:

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