Time & Cost Estimates Sample Clauses

Time & Cost Estimates. A Contract Document may contain Estimates of the time and costs associated with individual or groups of tasks, responsibilities or work to be performed by a Party. Such Estimates are based on the best available information at the time, but are not binding or conclusive and will be impacted by the discovery and identification of new information, issues, requirements and technical problems as a Project progresses. If either Party is aware or becomes aware of an issue that will impact a time or cost Estimate, it will use its commercially reasonable best efforts to promptly inform the other. The Parties will then work together in good faith to prepare and agree to an appropriate Change Request reflecting the new information. Time and cost Estimates provided by the Parties are not to be considered as contractually binding minimums, maximums or fixed prices unless a Contract Document specifically provides otherwise. All work performed by DataSync under this Agreement is performed for and will be billed to Client, on a time and materials basis.
Sample 1
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Time & Cost Estimates. A Quote, Preliminary Proposal, Statement of Work or Change Request may contain Estimates of the time and costs associated with individual or groups of tasks, responsibilities or work to be performed by a Party. Such Estimates are based on the best available information at the time, but are not binding or conclusive and will be impacted by the discovery and identification of new information, issues, requirements and technical problems as a Project progresses. If either Party is aware or becomes aware of an issue that will impact a time or cost Estimate, it will use its commercially reasonable best efforts to promptly inform the other. The Parties will then work together in good faith to prepare and agree to an appropriate Change Request reflecting the new information. Time and cost Estimates provided by the Parties are not to be considered as contractually binding minimums, maximums or fixed prices unless the Statement of Work specifically provides otherwise. (Last Revised on 09/29/15)
Sample 1

Related to Time & Cost Estimates

  • Cost Estimates If this Agreement pertains to the design of a public works project, CONSULTANT shall submit estimates of probable construction costs at each phase of design submittal. If the total estimated construction cost at any submittal exceeds ten percent (10%) of CITY’s stated construction budget, CONSULTANT shall make recommendations to CITY for aligning the PROJECT design with the budget, incorporate CITY approved recommendations, and revise the design to meet the Project budget, at no additional cost to CITY.

  • Cost Estimate An estimate of the total project cost including but not limited to direct expenses, indirect expenses, land cost, and capital expenses.

  • Cost Estimating The Model may be used to develop cost estimates based on the approximate data provided and conceptual estimating techniques (e.g., volume and quantity of elements or type of system selected).

  • Construction Cost Estimate At 50% completion of the contract documents, the design team will present and submit copies of the project plans and manual. The Construction Administrator will prepare and issue the fourth of five construction cost estimates. The estimate shall be derived from actual takeoffs, subcontractor and vendor input, and material and labor cost data. All quantitative systems information shall be provided in detail.

  • Preliminary Cost Estimates The Engineer shall develop a preliminary cost estimate using the Average Low Bid Unit Price. The Engineer shall estimate the total project cost including preliminary engineering, final engineering, right-of-way (ROW) acquisition, environmental compliance and mitigation, construction, utility relocation, and construction engineering inspection (CEI).

  • Preliminary Cost Estimate Consulting Engineer/Architect shall furnish City an estimate of probable Construction Cost based on the preliminary design. Consulting Engineer/Architect's estimate of probable Construction Cost is to be made on the basis of Consulting Engineer/Architect's experience and qualifications and represent Consulting Engineer/Architect's best judgment as an experienced and qualified design professional, familiar with the construction industry.

  • Volume Estimate The estimated volumes of timber by species designated for cutting under B2.3 and expected to be cut under Utilization Standards are listed in A2. If Sale Area Map indicates that there are incom- pletely Marked subdivisions, the objective of Forest Ser- vice shall be to designate for cutting in such subdivisions sufficient timber so that Sale Area shall yield the ap- proximate estimated volume by species or species groups stated in A2. However, the estimated volumes stated in A2 are not to be construed as guarantees or limitations of the timber volumes to be designated for cut- ting under the terms of this contract. Volume adjustments shall not be made under this Section after there is modification for Catastrophic Dam- age under B8.32.

  • Estimated Cost Estimated costs by construction phases for Specified Roads listed in A7 are stated by segments in the Schedule of Items. Such estimated costs are subject to adjustment under B3.3, B5.2, B5.21, B5.212, B5.25, and B5.26. Appropriately adjusted costs shall be made a part of a revised Schedule of Items and shown as adjustments to Timber Sale Account. The revised Schedule of Items shall supersede any prior Schedule of Items when it is dated and signed by Contracting Officer and a copy is furnished to Purchaser.

  • ESTIMATED / SPECIFIC QUANTITY CONTRACTS Estimated quantity contracts, also referred to as indefinite delivery / indefinite quantity contracts, are expressly agreed and understood to be made for only the quantities, if any, actually ordered during the Contract term. No guarantee of any quantity is implied or given. With respect to any specific quantity stated in the contract, the Commissioner reserves the right after award to order up to 20% more or less (rounded to the next highest whole number) than the specific quantities called for in the Contract. Notwithstanding the foregoing, the Commissioner may purchase greater or lesser percentages of Contract quantities should the Commissioner and Contractor so agree. Such agreement may include an equitable price adjustment.

  • Estimated Costs The proposed GMP Change Order shall include separately identified dollar amounts, stated as fixed sums, for Actual Costs as estimated by the Design-Builder for the complete construction of the Project, which amount shall include the all Trade Contract and Subcontract Sums, costs of materials, and any Component Change Order Sums;

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