Design and Construction Budget. 3.1.4 Coordination of the Work.
Design and Construction Budget. Design-Builder shall prepare for the Project a Design-Builder’s Project Budget (the "Design and Construction Budget") setting forth a preliminary estimate of all Project costs utilizing a format as outlined on Exhibit C. The Design and Construction Budget shall be sufficiently detailed to effectively track the cost of the Project. Design Builder shall prepare and submit the Design and Construction Budget at regular intervals during the design and construction phases of the project and shall, by efficient management, supervision and value engineering, ensure that the GMP will not exceed the GMP Cost Limitation. Estimates shall set forth in detail Design-Builder's estimate of design and construction costs, including all Actual Costs, Design Contingency, Construction Contingency and Design Builder Fees, for the construction of the Project and each Component thereof. As the Construction Documents are completed, the Design-Builder shall incorporate the Design Builder’s Statements of Probable Construction Cost (Exhibit C–1) into the Design and Construction Budget.
Design and Construction Budget. The Developer, with the assistance and input -------------------------------- of the Architect, shall establish the Budget for the design, construction and the furnishing and equipping of the Project prior to the commencement of design of the Project by any Architect. The Budget shall be reviewed by the Business Board and recommended to the Authority to be approved in writing by the Authority within 15 days of receipt, or, absent written notice of disapproval, they shall be deemed to have been approved. The Developer may revise the Budget from time to time, as necessary, to reflect any unpredicted significant changes, variables or events or to include significant, additional, unanticipated items of expense. The Developer may, without the approval of the Authority, reallocate part or all of the amount budgeted with respect to any line item to another line item and to make such other modifications to the Budget as the Developer deems necessary other than increases to the overall Budget amount or which require allocation of the Budget contingency or which materially alter the Plans and Specifications which have been approved by the Authority. In addition, the Developer may approve change orders provided Developer gives the Authority prior written notice of any proposed change order together with a copy of such order and a statement as to whether the change order will result in a budget increase and the Authority does not disapprove such change order in writing within fifteen (15) days of receipt of such notice. Budget adjustments which otherwise vary from the terms of this Agreement shall, upon the request of the Developer and evaluation of the Business Board, require the written approval of the Authority. The Authority acknowledges that the Budget is intended only to be a reasonable estimate of the Project's construction and development costs and expenses. The Developer shall not be deemed to have made any guarantee, warranty or representation whatsoever in connection with the Budget.
Design and Construction Budget. The Developer, with the ----------------------------------- assistance and input of the Architect, shall draft the Project Budget for the design, construction and the furnishing and equipping of the Project prior to the commencement of design of the Project by any Architect. The Project Budget shall be reviewed by the PDC and recommended to the Authority to be approved in writing by the Authority. The Developer may propose revisions to the Project Budget from time to time, as necessary, to reflect any unpredicted significant changes, variables or events or to include significant, additional, unanticipated items of expense. The Developer may, with the approval of the Authority, reallocate part or all of the amount budgeted with respect to any line item to another line item and to make such other modifications to the Project Budget as the Developer deems necessary other than increases to the overall Project Budget amount or which require allocation of the Project Budget contingency or which materially alter the Plans and Specifications which have been approved by the Authority. In addition, the Developer may approve change orders provided Developer gives the Authority prior written notice of any proposed change order together with a copy of such order and a statement as to whether the change order will result in a budget increase and the Authority does not disapprove such change order in writing within fifteen (15) days of receipt of such notice. The Authority acknowledges that the Project Budget is intended only to be a reasonable estimate of the Project's construction and development costs and expenses. The Developer shall not be deemed to have made any guarantee, warranty or representation whatsoever in connection with the Project Budget.
Design and Construction Budget. The Professional firm shall be responsible for all costs incurred by it, necessitated by for rebidding a Project if it is over Budget due to their design. Submit in writing the itemized estimate of the Project construction costs with each review. Include all construction Bid packaging and Phasing. Confirm, in writing, the estimated operating utility cost of the Project. Determine the amount and adequacy of any construction contingency. Upon submittal of 90 percent Bidding Documents, confirm, in writing to the Department, that in accordance with the Contract scope of work, an accurate itemized estimate of the construction cost is formulated and the total Project construction cost is predicted to be within the Project Budget. Notify the Department, in writing, if it becomes evident, during the final design Phase schedule duration of the Project, that this Project cannot be constructed within the Professional firm’s estimated construction Budget. Unless the Department determines the problem to be outside the control or responsibility of the Professional, the Professional shall to the extent required to bring the actual Project construction Budget cost back to the Professional firm’s original estimated construction Budget cost, revise their final design drawings and specifications to produce a complete design for the Project, and will otherwise be responsible for any costs incurred by the Department in rebidding the Project. Assist the Department to rebid the Project in accordance with the Task 516 construction bidding/contracting procedures. Task 514 CONSTRUCTION SCHEDULE: Determine the appropriate Project proposed construction schedule period to be part of the Construction Contract. Give consideration to all principal influencing factors, including, but not limited to, current and projected material delivery time, local labor Contract periods, and other historical principal causes of delays. Amplify the Professional firm’s attached Project Study, Design and Proposed Construction Schedule to consider construction bidding, Phasing, seasonal influences and to account for any elements of construction having critical deliveries and/or construction times and of the Task 512 required scope of work. Task 515 FINAL DESIGN BIDDING DOCUMENTS REVIEW: Provide complete Phase 500 - Final Design Bidding Documents review. When the design is approximately 50 percent complete, submit documents to the Project Team for their review. If the design appears to exceed the Project Bu...
Design and Construction Budget. As defined in Section 11.2A(7).
