Examples of Probable in a sentence
The Design Professional shall, on the Preliminary Design and Construction Schedule, show the progress to date, confirm the remainder of the design portion of the schedule, and update the projected construction portion of the schedule, The Design Professional shall meet with the Owner and Using Agency for the purpose of presenting and reviewing the Design Development Documents including the updated schedule and the updated Statement of Probable Construction Cost.
In preparing all Statements of Probable Construction Cost, the Design Professional should consider, as a general reference, the information and matters required in current version of ASTM Standard Practice E 1804, “Performing and Reporting Cost Analysis During the Design Phase of the Project”.
The Design Professional shall keep the Owner informed of any adjustments to previous Statements of Probable Construction Cost necessitated by changes in scope, requirements, or market conditions.
As the design progresses, the Design Professional shall prepare and submit updated Statements of Probable Cost in like format.
All Statements of Probable Construction Cost prepared by the Design Professional shall contain such provisions for inflation or deflation as may be reasonably anticipated within the construction industry.