Common use of Value Analysis Clause in Contracts

Value Analysis. Lessee shall lead the activities of the District, Architect, and other Project participants in a Value Analysis, and verify the cost- effectiveness of the design. Lessee shall actively evaluate the Project for value saving options and present all such options to the District and Architect for review and consideration. Xxxxxx is responsible for confirming, at the end of each stage, in writing to the District, that all Project and construction costs have been identified. Lessee shall demonstrate to the satisfaction of the District and shall certify in writing to the District that the design documents and/or Construction Documents, at the end of each of these stages, are in conformance with the requirements of the Project program and quality standards set by the District, and that Lessee’s current total cost estimate for construction of the Project is equal to or less than the Construction Budget. Lessee shall conduct Value Analysis Workshops at the 100% Design Development Stage.

Value Analysis. Lessee shall lead the activities of the District, Architect, and other Project participants in a Value Analysis, and verify the cost- effectiveness of the design. Lessee shall actively evaluate the Project for value saving options and present all such options to the District and Architect for review and consideration. Xxxxxx Lessee is responsible for confirming, at the end of each stage, in writing to the District, that all Project and construction costs have been identified. Lessee shall demonstrate to the satisfaction of the District and shall certify in writing to the District that the design documents and/or Construction Documents, at the end of each of these stages, are in conformance with the requirements of the Project program and quality standards set by the District, and that Lessee’s current total cost estimate for construction of the Project is equal to or less than the Construction Budget. Lessee shall conduct Value Analysis Workshops at the 100% Design Development Stage.