Final Estimate definition
Examples of Final Estimate in a sentence
All payments, including payment upon the Final Estimate shall be subject to deduction for prior payments and amounts, if any, to be kept or retained under the provisions of the contract.
Prepare the Final Construction Record and Final Estimate as required by the Indiana Department of Transportation and the Local Public Agency.
The CM’s Final Estimate of Construction Costs shall be prepared and submitted to the District Representative in accordance with the time-frames set forth in the Task Order for the Assigned Project.
If the CM’s Final Estimate of Construction Costs for an Assigned Project is less than the Construction Budget for the Assigned Project by five percent (5%) or more, the CM shall make recommendations to the District for items to incorporate into the Assigned Project to conform the CM’s Estimate of Construction Costs with the Construction Budget for the Assigned Project.
If indicated in the Task Order for an Assigned Project, upon completion of the CM’s Value Engineering and Constructability Reviews for the Assigned Project, the CM shall prepare the Final Estimate of Construction Costs which shall reflect modifications to the Design Documents resulting from District accepted Value Engineering Recommendations and District accepted Constructability Review Comments for the Assigned Project.