Common use of Statement of Probable Construction Cost Clause in Contracts

Statement of Probable Construction Cost. With the pre-final documents, the Professional shall provide an updated Statement of Probable Construction Cost in a form acceptable to the Department. At this submission, the Statement of Probable Construction Cost must include a breakdown of the estimated construction cost computed at present prices, projected to the midpoint of construction, and a justification of the factors used for such projection. This Statement of Probable Construction Cost must address any modifications made by the Professional in the course of revising the preliminary documents. The Professional shall provide a complete budget summary showing the breakdown, including detailed line items and takeoffs. Statements of Probable Construction Cost must be coordinated and consistent with project descriptions, plans, drawings and Specifications at the time the statement is prepared. If the Statement of Probable Construction Cost furnished with the pre-final design submission is not within the Base Construction Allocation, the Department will have the following options for proceeding with the design: A. The Department may require the Professional to adjust the entire design, at no expense to the Department, to bring the preliminary cost estimate within the Base Construction Allocation. Design modifications require the Department's approval. B. The Department may require the Professional to include base bids to bring the Pre- Final Statement of Probable Construction Cost within the Base Construction Allocation. The Professional’s compensation will remain based on the Base Construction Allocation. C. The Department, at its sole discretion, may seek a revised Project Scope. If in the Department’s opinion the revised Project Scope necessitates a redesign of the Project, the Department shall compensate the Professional for the redesign in accordance with Exhibit A of the Professional Agreement. D. The Department, at its sole discretion, may seek a revised Base Construction Allocation. Until such time as the Department approves a revised Base Construction Allocation, the Professional’s compensation will remain based on the current Base Construction Allocation. If the Department approves the revised Base Construction Allocation, the Department will notify the Professional to proceed with the design and the Professional must prepare a Work Order Supplement to revise the Base Construction Allocation for purposes of the Professional’s compensation. If the Department does not approve the revised Base Construction Allocation, the Department may, at its sole discretion, direct the Professional to proceed based on one of the other provisions of this paragraph. E. The Department may instruct the Professional to proceed with the design in accordance with the approved pre-final submission. In such event, the Department shall compensate the Professional for any costs required to subsequently adjust the design at a later date to bring the Statement of Probable Construction Cost back within the Base Construction Allocation in accordance with Exhibit A.

Statement of Probable Construction Cost. With the pre-final preliminary documents, the Professional shall provide an updated submit a Statement of Probable Construction Cost in a form acceptable to the Department. At this submission, the Statement of Probable Construction Cost must include a breakdown of the estimated construction cost computed at present prices, projected to the midpoint of construction, and a justification of the factors used for such projection. This Statement of Probable Construction Cost must address any modifications made by the Professional in the course of revising the preliminary documents. The Professional shall provide a complete budget summary showing the breakdown, breakdown including detailed line items and takeoffsitems. Statements of Probable Construction Cost must be coordinated and consistent with project descriptions, plans, drawings and Specifications at the time the statement is prepared. The Professional shall not adjust the design by presenting multiple base bids at this stage. If the Statement of Probable Construction Cost furnished with the pre-final design preliminary submission is not within the Base Construction Allocation, the Department will have the following options for proceeding with the design: A. The Department may require the Professional to adjust the entire design, at no expense to the Department, to bring the preliminary cost estimate within the Base Construction Allocation. Design modifications require the Department's approval. B. The Department may require the Professional to include base bids to bring the Pre- Final Statement of Probable Construction Cost within the Base Construction Allocation. The Professional’s compensation will remain based on the Base Construction Allocation. C. The Department, at its sole discretion, may seek a revised Project Scope. If in the Department’s opinion the revised Project Scope necessitates a redesign of the Project, the Department shall compensate the Professional for the redesign in accordance with Exhibit A of the Professional Agreement. D. C. The Department, at its sole discretion, may seek a revised Base Construction Allocation. Until such time as the Department approves a revised Base Construction Allocation, the Professional’s compensation will remain based on the current Base Construction Allocation. If the Department approves the revised Base Construction Allocation, the Department will notify the Professional to proceed with the design and the Professional must prepare a Work Order Supplement to revise the revised Base Construction Allocation for purposes of the Professional’s compensationAllocation. If the Department does not approve the revised Base Construction Allocation, the Department may, at its sole discretion, direct the Professional to proceed based on one of the other provisions of this paragraph. E. D. The Department may instruct the Professional to proceed with the design in accordance with the approved pre-final preliminary submission. In such event, the Department shall compensate the Professional in accordance with Exhibit A of the Professional Agreement for any costs required to subsequently adjust the design at a later date to bring the Statement of Probable Construction Cost back within the Base Construction Allocation in accordance with Exhibit A.Allocation.