Common use of RESPONSIBILITY FOR CONSTRUCTION COST Clause in Contracts

RESPONSIBILITY FOR CONSTRUCTION COST. Evaluations of Owner's Project budget, preliminary estimates of Construction Cost and detailed estimates of Construction Cost, if any, prepared by Professional, represent Professional's best judgment as a design professional familiar with the construction industry. It is also recognized, however, that neither Professional nor Owner has control over the cost of labor, materials or equipment, over Construction Manager's methods of determining bid prices, or over competitive bidding, market or negotiating conditions.

RESPONSIBILITY FOR CONSTRUCTION COST. Evaluations of Owner's Project budget, preliminary estimates of Construction Cost and detailed estimates of Construction Cost, if any, prepared by Professional, represent Professional's best judgment as a design professional familiar with the construction industry. It is also recognized, however, that neither Professional nor Owner has control over the cost of labor, materials or equipment, over Construction ManagerContractor's methods of determining bid prices, or over competitive bidding, market or negotiating conditions.