Common use of Project Cost Reports Clause in Contracts

Project Cost Reports. The CM shall prepare and distribute project cost reports that shall indicate estimated costs compared to the Project and Construction Budget and shall make recommendations to the Owner for corrective action.

Project Cost Reports. The CM shall prepare and distribute project cost reports on a monthly basis that shall indicate estimated costs compared to the Project and Construction Budget and shall make recommendations to the Owner for corrective actionaction to maintain all budgets and the GMP. During the Procurement Phase, the reports shall specify the actual award prices and construction costs for the Project, compared to the Project and Construction Budget. During the Construction Phase the reports shall specify actual Project and construction costs compared to the Project and Construction Budget.