Common use of Value Engineering Tasks Clause in Contracts

Value Engineering Tasks. If the Estimate of Cost of the Work at this phase exceeds the Construction Budget for the Project, the Architect shall recommend to Owner items of possible cost reduction to the scope of the Project or substitution of alternative materials, systems or procedures to bring the Schematic Design within Construction Budget. The Owner may choose to adopt a modification of the Construction Budget at this time, but this shall be done in writing. After Owner’s written approval of these cost reductions, they will be incorporated into the design development phase.

Value Engineering Tasks. If the Estimate of Cost of the Work at this phase exceeds the Construction Budget for the Project, the Architect Engineer shall recommend to Owner items of possible cost reduction to the scope of the Project or substitution of alternative materials, systems or procedures to bring the Schematic Design within Construction Budget. The Owner may choose to adopt a modification of the Construction Budget at this time, but this shall be done in writing. After Owner’s written approval of these cost reductions, they will be incorporated into the design development phase.