Common use of Responsibility for Estimated Cost of Construction Clause in Contracts

Responsibility for Estimated Cost of Construction. The Consultant is solely responsible for the accuracy of its construction cost estimates and the State’s actions and authorizations are based in whole or in part on that information. In preparing Estimated Construction Cost, the Consultant shall be permitted to include contingencies for design, bidding and price escalation; to recommend what materials, equipment component systems, and types of construction are to be included in the Construction Documents; to recommend reasonable adjustments in the scope of the Project and for no additional fee, to include in the Construction Documents those deduct alternates which have been approved by the State. If the Consultant finds, during the progress of the work, construction estimates may exceed the State’s Budgeted Cost of Construction due to factors within the Consultant’s control, the Consultant shall revise the design and all documents affected by the design revisions at no additional cost to the State. The State shall promptly review and, if approved, authorize the revisions to the design. In the event bids exceed the final cost estimate, the State, at its option, can require the Construction Documents to be revised as necessary to achieve the agreed upon estimate. This shall be accomplished without additional cost to the State for revising the Construction Documents and the rebid process. In the event bids are below the final cost

Responsibility for Estimated Cost of Construction. The Consultant is solely responsible for the accuracy of its construction cost estimates and the State’s actions and authorizations are based in whole or in part on that information. In preparing Estimated Construction Cost, the Consultant shall be permitted to include contingencies for design, bidding and price escalation; to recommend what materials, equipment component systems, and types of construction are to be included in the Construction Documents; to recommend reasonable adjustments in the scope of the Project and for no additional fee, to include in the Construction Documents those deduct alternates which have been approved by the State. If the Consultant finds, during the progress of the work, construction estimates may exceed the State’s Budgeted Cost of Construction due to factors within the Consultant’s control, the Consultant shall revise the design and all documents affected by the design revisions at no additional cost to the State. The State shall promptly review and, if approved, authorize the revisions to the design. In the event bids exceed the final cost estimate, the State, at its option, can require the Construction Documents to be revised as necessary to achieve the agreed upon estimate. This shall be accomplished without additional cost to the State for revising the Construction Documents and the rebid process. In the event bids are below the final costcost estimate by fifteen (15) percent or more and the State had previously agreed to program and/or quality reductions

Responsibility for Estimated Cost of Construction. The Consultant is solely responsible for the accuracy of its construction cost estimates and the State’s actions and authorizations are based in whole or in part on that information. In preparing Estimated Construction Cost, the Consultant shall be permitted to include contingencies for design, bidding and price escalation; to recommend what materials, equipment component systems, and types of construction are to be included in the Construction Documents; to recommend reasonable adjustments in the scope of the Project and for no additional fee, to include in the Construction Documents those deduct alternates which have been approved by the State. If the Consultant finds, during the progress of the work, construction estimates may exceed the State’s Budgeted Cost of Construction due to factors within the Consultant’s control, the Consultant shall revise the design and all documents affected by the design revisions at no additional cost to the State. The State shall promptly review and, if approved, authorize the revisions to the design. In the event bids exceed the final cost estimate, the State, at its option, can require the Construction Documents to be revised as necessary to achieve the agreed upon estimate. This shall be accomplished without additional cost to the State for revising the Construction Documents and the rebid process. In the event bids are below the final costfor