Construction Cost Estimate definition

Construction Cost Estimate means an anticipated amount for which a Contractor will execute the construction of the Project;

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Construction Cost Estimate means Design Professional’s dated estimate, prepared and updated by Design Professional’s construction cost estimating consultant(s), which shall include the Major Categories of Work of the entire Project’s cost of construction and contingency with respect to each phase of development, delivered to the Owner.

Construction Cost Estimate or “CCE” means the estimated cost of construction at time of bid for the School Facilities Project, which amount does not include the costs of permits, acquisition of land, furnishings, contingencies, professional fees, financing costs, and any other similar types of costs. The CCE shall be prepared by the Design Consultant in accordance with this Agreement, and shall be continually updated by the Design Consultant throughout the design of the School Facilities Project as set forth in this Agreement.

Examples of Construction Cost Estimate in a sentence

• At the conclusion of this phase of ARCHITECT’S work, the following steps will be taken to reconcile the accuracy of the Construction Cost Estimate prepared by the ARCHITECT.

• If at any time the Design Professional's Estimate of Probable Construction Cost and the Construction Cost Estimate of the CM/GC, are, in the Owner's judgment, not reconcilable or exceed corresponding Components of the Project Budget, the Owner, the Design Professional and the CM/GC shall confer to resolve such differences; and if such differences cannot be resolved, to recommend to the Owner such actions as may be necessary or appropriate to resolve such differences.

• At appropriate intervals prior to agreement on the GMP change order, the Design Professional shall review the Construction Cost Estimate provided by the CM/GC and with the CM/GC develop the Reconciled Construction Cost Estimate, consisting of a composite of the Design Professional's Estimate of Probable Construction Cost and the CM/GC's Construction Cost Estimate, each separately derived and each based upon the Program and design documents prepared by the Design Professional.

• If at any time the Design Professional's current Statement of Probable Construction Cost and the Construction Cost Estimate of the CM/GC are, in the CM/GC's judgment, not reconcilable or exceed corresponding components of the Project Budget, the Owner, the Design Professional and the CM/GC shall confer to resolve such differences and, if such differences cannot be resolved, the CM/GC shall make such recommendations to the Owner as CM/GC may deem necessary or appropriate to resolve such differences.

• Provide to the Owner and Using Agency reconciled Construction Cost Estimates, consisting of a composite of the separately derived Design Professional's current Statement of Probable Construction Cost and the CM/GC's Construction Cost Estimate, each based upon the Program and design documents prepared by the Design Professional.

More Definitions of Construction Cost Estimate

Construction Cost Estimate or "CCE" means the estimated cost to construct the Project which amount does not include the cost of permits, acquisition of land, pre-construction site development and remediation, furnishings, contingencies, professional fees for design consultants and other consultants, financing costs, and all other similar types of indirect Project costs.

Construction Cost Estimate. An opinion of probable construction cost made by ▇▇▇▇▇▇. In providing opinions of probable construction cost, it is recognized that neither the Client nor ▇▇▇▇▇▇ has control over the costs of labor, equipment or materials, or over the contractor’s methods of determining prices or bidding. The opinion of probable construction costs is based on ▇▇▇▇▇▇’▇ reasonable professional judgment and experience and does not constitute a warranty, express or implied, that the contractor’s bids or the negotiated price of the work on the Project(s) will not vary from the Client’s budget or from any opinion of probable cost prepared by ▇▇▇▇▇▇.

Construction Cost Estimate. Delete the words “as determined or agreed to by the Architect from time to time”. • Make the following change to the definition of “General Review”: Delete the words “the Architect and Consultants, in their professional discretion, consider” and replace them with the words “reasonable and prudent architects and consultants experienced in projects similar to the Project would consider”.

Construction Cost Estimate means the Substantive construction cost estimate plus the contingency as agreed upon between the DR and the MCM.

Construction Cost Estimate. As used herein is a forecast or estimate of the Construction Cost prepared for all items of work as prepared by a professional estimator. The Construction Cost will be the total cost or estimated cost to the LVMPD of all elements of the Project designed by the Company (and its subconsultants). The Construction Cost will include the cost at current market rates of labor and materials furnished and equipment designed, specified, selected or specially provided for by the Company, plus a reasonable allowance for the Contractor’s overhead and profit, but will exclude change order or other cost increases encountered after award of the construction contract. The Construction Cost does not include the compensation of the Company and subconsultant(s), the costs of the land, rights-of-way, financing, permits, or other costs that are the responsibility of the LVMPD. The Construction Cost for the Project is established as the estimated Construction Cost stated in Exhibit A-1 (Project Background and Key Personnel), or as otherwise agreed upon in writing and signed by the parties hereto. May be used interchangeably with the term, Opinion of Probable Cost.

Construction Cost Estimate. Section 2(u)(iii)

Construction Cost Estimate means the estimates which shall be prepared from time to time as work on the Project proceeds.