Design Budget definition

Design Budget means the preliminary estimated design and construction cost developed for the Project, which is established after completion of the Preliminary Design Report and before work on the final design.

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Design Budget means the budget for design of the Improvements as set forth in the HRC DE Proposal.

Design Budget shall have the meaning set forth in Section 2.5(a).

Examples of Design Budget in a sentence

The Design Budget indicated on Appendix A represents ninety percent, (90%), of the construction budget.
Concurrently with the Schematic Design Budget Estimate, the Design-Builder shall prepare a memorandum identifying key construction concerns related to the Project.
The redesign shall be based on recommendations by the CONSULTANT for PWCSA approval at its sole discretion, to deliver a design that meets the performance and design requirements of the project within the established Design Budget.
Once the Design Budget is set in writing by the Service Authority, the consultant shall complete the detailed design as further outlined in accordance with the Design Budget based on the approved design program that established project performance requirements.
CONSULTANT shall prepare an estimate of the Total Construction Budget including contingencies that will be defined as the Preliminary Design Budget.
The Preliminary Design Budget will then be transferred to the detailed design/bid task order.
OWNER initiated or New Regulatory program changes (changes in scope, material selection, project timing, or construction process) after the Design Budget has been set, can result in a written amendment to the set Design Budget.
Once the Design Budget is set in writing by the SERVICE AUTHORITY, the CONSULTANT shall complete the detailed design as further outlined in accordance with the Design Budget based on the approved design program that established project performance requirements.
Such memorandum shall be submitted to the Department no later than one (1) week after the submission of the Schematic Design Budget Estimate.
CONSULTANT agrees that if the lowest bona fide responsive and responsible bid that is received for this project following a competitive procurement process is in excess of 15 % of the Design Budget, then the Service Authority may require the CONSULTANT to redesign the project to meet the set Design Budget as well as the project performance requirements at CONSULTANT’S expense.

More Definitions of Design Budget

Design Budget means the preliminary estimated design and

Design Budget means the budget submitted by Developer to the County for the preparation of the Design Documents through the completion and acceptance of the Conceptual Plans and Design Options.