Common use of Verification of Others’ Estimate(s) of Construction Costs Clause in Contracts

Verification of Others’ Estimate(s) of Construction Costs. Whether or not the Basic Services of the CM for an Assigned Project includes the CM’s preparation of Estimate(s) of Construction Costs, the Basic Services of the CM for each Assigned Project shall include the CM’s review of Estimate(s) of Construction Costs for an Assigned Project prepared by others. Such review shall include, without limitation, confirmation by the CM that the Estimate(s} of Construction Costs: (i) accurately and completely reflect the scope of work depicted in the then existing Design Documents for the Assigned Project; (ii) reflect the then current marketplace prices for labor, materials and other items or services necessary for completing construction of the Assigned Project in accordance with the then existing Design Documents for the Assigned Project; and (iii) conformity (within five percent (5%)) of the Construction Budget for the Assigned Project. If the CM determines that it cannot confirm any of the foregoing the CM shall notify the District Representative in writing of such determination, along with recommendations for modification of the Design Documents for the Assigned Project so that the CM can confirm conformation of such requirements.

Verification of Others’ Estimate(s) of Construction Costs. Whether or not the Basic Services of the CM for an Assigned Project includes the CM’s preparation of Estimate(s) of Construction Costs, the Basic Services of the CM for each Assigned Project shall include the CM’s review of Estimate(s) of Construction Costs for an Assigned Project prepared by others. Such review shall include, without limitation, confirmation by the CM that the Estimate(s} ) of Construction Costs: (i) accurately and completely reflect the scope of work depicted in the then existing Design Documents for the Assigned Project; (ii) reflect the then current marketplace prices for labor, materials and other items or services necessary for completing construction of the Assigned Project in accordance with the then existing Design Documents for the Assigned Project; and (iii) conformity (within five percent (5%)) of the Construction Budget for the Assigned Project. If the CM determines that it cannot confirm any of the foregoing the CM shall notify the District Representative in writing of such determination, along with recommendations for modification of the Design Documents for the Assigned Project so that the CM can confirm conformation of such requirements.