Common use of RESPONSIBILITY FOR CONSTRUCTION COST Clause in Contracts

RESPONSIBILITY FOR CONSTRUCTION COST. 7.2.1 Evaluations of the Owner’s Project budget, and Detailed Estimates of Construction Cost, prepared by the Architect, represent the Architect’s best judgment as a design professional familiar with the construction industry. It is recognized, however, that neither the Architect nor the Owner has control over the cost of labor, materials or equipment, over the Contractor’s methods of determining bid prices, or over competitive bidding, market or negotiating conditions. Accordingly, the Architect cannot and does not warrant or represent that bids or negotiated prices will not vary from the fixed limit of construction cost, or from any cost estimate or evaluation prepared by the Architect.

RESPONSIBILITY FOR CONSTRUCTION COST. 7.2.1 5.2.1 Evaluations of the Owner’s Project budget, and Detailed Estimates of Construction Cost, prepared by the ArchitectEngineer, represent the ArchitectEngineer’s best judgment as a design professional familiar with the construction industry. It is recognized, however, that neither the Architect Engineer nor the Owner has control over the cost of labor, materials or equipment, over the Contractor’s methods of determining bid prices, or over competitive bidding, market or negotiating conditions. Accordingly, the Architect Engineer cannot and does not warrant or represent that bids or negotiated prices will not vary from the fixed limit of construction cost, or from any cost estimate or evaluation prepared by the ArchitectEngineer.

RESPONSIBILITY FOR CONSTRUCTION COST. 7.2.1 5.2.1 Evaluations of the Owner’s Project budget, and Detailed Estimates of Construction Cost, prepared by the Architect, represent the Architect’s best judgment as a design professional familiar with the construction industry. It is recognized, however, that neither the Architect nor the Owner has control over the cost of labor, materials or equipment, over the Contractor’s methods of determining bid prices, or over competitive bidding, market or negotiating conditions. Accordingly, the Architect cannot and does not warrant or represent that bids or negotiated prices will not vary from the fixed limit of construction cost, or from any cost estimate or evaluation prepared by the Architect.