Common use of Construction Budgets Clause in Contracts

Construction Budgets. 3.1 ABED has no control over the cost of any Contractor's labor, materials or equipment, over any Contractor's methods of determining bid prices, or over competitive bidding, market or negotiating conditions. Accordingly, ABED will not warrant or represent that bids or negotiated prices will not vary from any budget for construction or evaluation prepared by or agreed to by ABED. 3.2 No fixed limit of construction cost shall be established as a condition of this Agreement by the furnishing, proposal, or establishment of a Project budget.