Common use of Control Estimate Clause in Contracts

Control Estimate. § 13.2.1 Where the Contract Sum is the Cost of the Work, plus the Contractor's Fee without a' Guaranteed Maximum Price pursuant to the Work Order, the Contractor shall prepare and submit to the Owner a Control Estimate within 14 days of executing the Work Order. The Control Estimate shall include the estimated Cost of the Work plus the Contractor's Fee. § 13.2.2 The Control Estimate shall include: 1. the Contract Documents enumerated in the Work order, including all Modifications thereto; 2. a list of the assumptions made by the Contractor in the preparation of the Control Estimate to supplement the information provided by the Owner and contained in the Contract Documents; 3. a statement of the estimated Cost of the Work organized by trade categories or systems and the Contractor's Fee; 4. a project schedule upon which the Control Estimate is based, indicating proposed Subcontractors, activity sequences and durations, milestone dates for receipt and approval of pertinent information, schedule of shop drawings and samples, procurement and delivery of materials or equipment, the Owner's occupancy requirements, and the date of Substantial Completion; and 5. a list of any contingency amounts included in the Control Estimate for further development of design and construction. § 13.2.3 When the Control Estimate is acceptable to the Owner and Architect, the Owner shall acknowledge it in writing. The Owner's acceptance of the Control Estimate does not imply that the Control Estimate constitutes a Guaranteed Maximum Price. § 13.2.4 The Contractor shall develop and implement a detailed system of cost control that will provide the Owner and Architect with timely information as to the anticipated total Cost of the Work. The cost control system shall compare the Control Estimate with the actual cost for activities in progress and estimates for uncompleted tasks and proposed changes. This information shall be reported to the Owner, in writing, no later than the Contractor's first Application for Payment and shall be revised and submitted with each Application for Payment. § 13.2.5 The Owner shall authorize preparation of revisions to the Contract Documents that incorporate the agreed-upon assumptions contained in the Control Estimate. The Owner shall promptly furnish such revised Contract Documents to the Contractor. The Contractor shall notify the Owner and Architect of any inconsistencies between the Control Estimate and the revised Contract Documents.

Control Estimate. § 13.2.1 15.2.1 Where the Contract Sum is the Cost of the Work, plus the Contractor's ’s Fee without a' Guaranteed Maximum withou Price pursuant to the Work OrderSection 3.3, the Contractor shall prepare and submit to the Owner a Control Estimate within 14 days Contro of executing the Work Orderthis Agreement. The Control Estimate shall include the estimated Cost of the Work plus the Contractor's W Fee. § 13.2.2 15.2.2 The Control Estimate shall include: 1. .1 the Contract Documents documents enumerated in the Work orderArticle 6, including all Modifications thereto; 2. .2 a list of the assumptions made by the Contractor in the preparation of the Control Estimate to supplement the information provided by the Owner and contained in the Contract Documents; 3. .3 a statement of the estimated Cost of the Work organized by trade categories or systems and the Contractor's Fee; 4. .4 a project schedule upon which the Control Estimate is based, indicating proposed Subcontractors, activity sequences and durations, milestone dates for receipt and approval of pertinent information, schedule of shop drawings and samples, procurement and delivery of materials or equipment, equipment the Owner's occupancy requirements, and the date of Substantial Completion; and 5. .5 a list of any contingency amounts included in the Control Estimate for further development of design and construction. § 13.2.3 15.2.3 When the Control Estimate is acceptable to the Owner and Architect, the Owner shall acknowledge it in writing. The Owner's acceptance of the Control Estimate does not imply that the Control Estimate constitutes a Guaranteed Maximum Price. § 13.2.4 15.2.4 The Contractor shall develop and implement a detailed system of cost control that will provide the Owner and Architect with timely information as to the anticipated total Cost of the Work. The cost control system shall compare the Control Estimate with the actual cost for activities in progress and estimates for uncompleted tasks and proposed changes. This information shall be reported to the Owner, in writing, no later than the Contractor's first Application for Payment and shall be revised and submitted with each Application for Payment. § 13.2.5 15.2.5 The Owner shall authorize preparation of revisions to the Contract Documents that incorporate the agreed-upon assumptions contained in the Control Estimate. The Owner shall promptly furnish such revised Contract Documents to the Contractor. The Contractor shall notify the Owner and Architect of any inconsistencies between the Control Estimate and the revised Contract Documents.the

Control Estimate. § 13.2.1 Where 2.2.1 At a time to be mutually agreed upon by the Contract Sum is Owner and the Cost of Construction Manager and in consultation with the Work, plus the Contractor's Fee without a' Guaranteed Maximum Price pursuant to the Work OrderArchitect, the Contractor Construction Manager shall prepare and submit to the Owner a Control Estimate within 14 days of executing for the Work OrderOwner’s review and acceptance. The Control Estimate shall include be the estimated sum of the Construction Manager’s estimate of the Cost of the Work plus the Contractor's Fee. § 13.2.2 The Control Estimate shall include: 1. the Contract Documents enumerated in the Work order, including all Modifications thereto; 2. a list of the assumptions made by the Contractor in the preparation of the Control Estimate to supplement the information provided by the Owner and contained in the Contract Documents; 3. a statement of the estimated Cost of the Work organized by trade categories or systems and the Contractor's Fee; 4Construction Manager’s Fee and shall include those items set forth in Section 2.2.4 below. a project schedule upon which the Control Estimate is based, indicating proposed Subcontractors, activity sequences and durations, milestone dates for receipt and approval of pertinent information, schedule of shop drawings and samples, procurement and delivery of materials or equipment, the Owner's occupancy requirements, and the date of Substantial Completion; and 5. a list of any contingency amounts included in the Control Estimate for further development of design and construction. § 13.2.3 When the Control Estimate is acceptable to the Owner and ArchitectOwner, the Owner shall acknowledge it in writing. The Owner's acceptance of the Control Estimate does not imply that the Control Estimate constitutes a Guaranteed Maximum Price. § 13.2.4 2.2.2 The Contractor Construction Manager shall develop and implement a detailed system of cost control that will provide the Owner and Architect with timely information as to the anticipated total Cost of the Work. The cost control system shall compare the Control Estimate with the actual cost for activities in progress and estimates for uncompleted tasks and proposed changes. This information shall be reported to the Owner, in writing, no later than the Contractor's Construction Manager’s first Application for Payment and shall be revised and submitted with each Application for Payment. § 13.2.5 The Owner 2.2.3 To the extent that the Drawings and Specifications are anticipated to require further development by the Architect, the Construction Manager shall authorize preparation of revisions to provide in the Control Estimate for such further development consistent with the Contract Documents that incorporate and reasonably inferable therefrom. Such further development does not include changes in scope, systems, kinds and quality of materials, finishes or equipment, all of which, if required, shall be incorporated in a revised Control Estimate by mutual agreement of the agreed-upon parties. § 2.2.4 The Control Estimate shall include 1 a list of the Drawings and Specifications, including all Addenda thereto, and the Conditions of the Contract; .2 a list of the clarifications and assumptions made by the Construction Manager in the preparation of the Control Estimate, including assumptions under Section 2.2.3, to supplement the information provided by the Owner and contained in the Control Estimate. The Owner shall promptly furnish such revised Contract Documents to Drawings and Specifications; .3 a statement of the Contractor. The Contractor shall notify estimated Cost of the Owner and Architect of any inconsistencies between the Control Estimate Work organized by trade categories or systems, allowances, and the revised Contract Documents.Construction Manager’s Fee;

Control Estimate. § 13.2.1 15.2.1 Where the Contract Sum is the Cost of the Work, plus the Contractor's ’s Fee without a' a Guaranteed Maximum Price pursuant to the Work OrderSection 3.3, the Contractor shall prepare and submit to the Owner a Control Estimate within 14 days of executing the Work Orderthis Agreement. The Control Estimate shall include the estimated Cost of the Work plus the Contractor's Fee. § 13.2.2 15.2.2 The Control Estimate shall include: 1. : .1 the Contract Documents documents enumerated in the Work orderArticle 6, including all Modifications thereto; 2. .2 a list of the assumptions made by the Contractor in the preparation of the Control Estimate to supplement the information provided by the Owner and contained in the Contract Documents; 3. .3 a statement of the estimated Cost of the Work organized by trade categories or systems and the Contractor's Fee; 4. .4 a project schedule upon which the Control Estimate is based, indicating proposed Subcontractors, activity sequences and durations, milestone dates for receipt and approval of pertinent information, schedule of shop drawings and samples, procurement and delivery of materials or equipment, equipment the Owner's occupancy requirements, and the date of Substantial Completion; and 5. .5 a list of any contingency amounts included in the Control Estimate for further development of design and construction. § 13.2.3 15.2.3 When the Control Estimate is acceptable to the Owner and Architect, the Owner shall acknowledge it in writing. The Owner's acceptance of the Control Estimate does not imply that the Control Estimate constitutes a Guaranteed Maximum Price. § 13.2.4 15.2.4 The Contractor shall develop and implement a detailed system of cost control that will provide the Owner and Architect with timely information as to the anticipated total Cost of the Work. The cost control system shall compare the Control Estimate with the actual cost for activities in progress and estimates for uncompleted tasks and proposed changes. This information shall be reported to the Owner, in writing, no later than the Contractor's first Application for Payment and shall be revised and submitted with each Application for Payment. § 13.2.5 15.2.5 The Owner shall may authorize preparation of revisions to the Contract Documents that incorporate the agreed-agreed- upon assumptions contained in the Control Estimate. The Where assumptions in the Control Estimate are not agreed to by the Owner, Contractor shall modify its Control Estimate accordingly. If revisions to the Contract Documents are authorized by the Owner, the Owner shall promptly furnish such revised Contract Documents to the Contractor. The Contractor shall notify the Owner and Architect of any inconsistencies between the Control Estimate and the revised Contract Documents.

Control Estimate. § 13.2.1 15.2.1 Where the Contract Sum is the Cost of the Work, plus the Contractor's ’s Fee without a' a Guaranteed Maximum Price pursuant to the Work OrderSection 3.3, the Contractor shall prepare and submit to the Owner a Control Estimate within 14 days of executing the Work Orderthis Agreement. The Control Estimate shall include the estimated Cost of the Work plus the Contractor's Fee. § 13.2.2 15.2.2 The Control Estimate shall include: 1. : .1 the Contract Documents documents enumerated in the Work orderArticle 6, including all Modifications thereto; 2. .2 a list of the assumptions made by the Contractor in the preparation of the Control Estimate to supplement the information provided by the Owner and contained in the Contract Documents; 3. .3 a statement of the estimated Cost of the Work organized by trade categories or systems and the Contractor's Fee; 4. .4 a project schedule upon which the Control Estimate is based, indicating proposed Subcontractors, activity sequences and durations, milestone dates for receipt and approval of pertinent information, schedule of shop drawings and samples, procurement and delivery of materials or equipment, equipment the Owner's occupancy requirements, and the date of Substantial Completion; and 5. .5 a list of any contingency amounts included in the Control Estimate for further development of design and construction. § 13.2.3 15.2.3 When the Control Estimate is acceptable to the Owner and Architect, the Owner shall acknowledge it in writing. The Owner's acceptance of the Control Estimate does not imply that the Control Estimate constitutes a Guaranteed Maximum Price. § 13.2.4 15.2.4 The Contractor shall develop and implement a detailed system of cost control that will provide the Owner and Architect with timely information as to the anticipated total Cost of the Work. The cost control system shall compare the Control Estimate with the actual cost for activities in progress and estimates for uncompleted tasks and proposed changes. This information shall be reported to the Owner, in writing, no later than the Contractor's first Application for Payment and shall be revised and submitted with each Application for Payment.for § 13.2.5 15.2.5 The Owner shall authorize preparation of revisions to the Contract Documents that incorporate the agreed-upon assumptions contained in the Control Estimate. The Owner shall promptly furnish such revised Contract Documents to the Contractor. The Contractor shall notify the Owner and Architect of any inconsistencies between the Control Estimate and the revised Contract Documents.

Control Estimate. § 13.2.1 15.2.1 Where the Contract Sum is the Cost of the Work, plus the Contractor's ’s Fee without a' a Guaranteed Maximum Price pursuant to the Work OrderSection 3.3, the Contractor shall prepare and submit to the Owner a Control Estimate within 14 days of executing the Work Orderthis Agreement. The Control Estimate shall include the estimated Cost of the Work plus the Contractor's Fee. § 13.2.2 15.2.2 The Control Estimate shall include: 1. : .1 the Contract Documents documents enumerated in the Work orderArticle 6, including all Modifications thereto; 2. .2 a list of the assumptions made by the Contractor in the preparation of the Control Estimate to supplement the information provided by the Owner and contained in the Contract Documents; 3. .3 a statement of the estimated Cost of the Work organized by trade categories or systems and the Contractor's Fee; 4. .4 a project schedule upon which the Control Estimate is based, indicating proposed Subcontractors, activity sequences and durations, milestone dates for receipt and approval of pertinent information, schedule of shop drawings and samples, procurement and delivery of materials or equipment, equipment the Owner's occupancy requirements, and the date of Substantial Completion; and 5. .5 a list of any contingency amounts included in the Control Estimate for further development of design and construction. § 13.2.3 15.2.3 When the Control Estimate is acceptable to the Owner and Architect, the Owner shall acknowledge it in writing. The Owner's acceptance of the Control Estimate does not imply that the Control Estimate constitutes a Guaranteed Maximum Price. § 13.2.4 15.2.4 The Contractor shall develop and implement a detailed system of cost control that will provide the Owner and Architect with timely information as to the anticipated total Cost of the Work. The cost control system shall compare the Control Estimate with the actual cost for activities in progress and estimates for uncompleted tasks and proposed changes. This information shall be reported to the Owner, in writing, no later than the Contractor's first Application for Payment and shall be revised and submitted with each Application for Payment. § 13.2.5 15.2.5 The Owner shall authorize preparation of revisions to the Contract Documents that incorporate the agreed-upon assumptions contained in the Control Estimate. The Owner shall promptly furnish such revised Contract Documents to the Contractor. The Contractor shall notify the Owner and Architect of any inconsistencies between the Control Estimate and the revised Contract Documents.the

Control Estimate. § 13.2.1 Where the Contract Sum is the Cost of the Work, plus the Contractor's Fee without a' Guaranteed Maximum Price pursuant to the Work Order, the 5.2.1 The Contractor shall prepare and submit to the Owner Owner, in writing, a Control Estimate within 14 30 days of executing the Work Orderthis Agreement. The Control Estimate shall include the estimated Cost of the Work plus the Contractor's ’s Fee. § 13.2.2 . The Control Estimate shall include:be used to monitor actual costs and the timely performance of the Work. The Contractor shall update the Control Estimate with each Application for Payment as needed to reflect changes in the Work. 1. § 5.2.2 The Control Estimate shall include .1 the Contract Documents documents enumerated in the Work orderArticle 16, including all Modifications Addenda thereto, and the Conditions of the Contract; 2. .2 a list of the clarifications and assumptions made by the Contractor in the preparation of the Control Estimate Estimate, including assumptions under Section 5.2.4, to supplement the information provided by the Owner and contained in the Contract DocumentsDrawings and Specifications; 3. .3 a statement of the estimated Cost of the Work organized by trade categories or systems and the Contractor's ’s Fee; 4. .4 a project schedule upon which the Control Estimate is based, indicating proposed Subcontractors, activity sequences and durations, milestone dates for receipt and approval of pertinent information, schedule of shop drawings and samples, procurement and delivery of materials or equipment, the Owner's occupancy requirements, and the date of Substantial Completion; and 5. a list of any contingency amounts included in the Control Estimate .5 contingencies for further development of design and constructionconstruction as required by Section 5.2.4. § 13.2.3 5.2.3 The Contractor shall meet with the Owner and Architect to review the Control Estimate. In the event that the Owner or Architect discovers any inconsistencies or inaccuracies in the information presented, they shall promptly notify the Contractor, who shall make appropriate adjustments to the Control Estimate. When the Control Estimate is acceptable to the Owner and ArchitectOwner, the Owner shall acknowledge it in writing. The Owner's ’s acceptance of the Control Estimate does not imply that the Control Estimate constitutes a Guaranteed Maximum Price. § 13.2.4 5.2.4 To the extent that the Drawings and Specifications are anticipated to require further development by the Architect, the Contractor shall provide in the Control Estimate for such further development consistent with the Contract Documents and reasonably inferable therefrom. Such further development does not include changes in scope, systems, kinds and quality of materials, finishes or equipment, all of which, if required, shall be incorporated in a revised Control Estimate by mutual agreement of the parties. § 5.2.5 The Contractor shall develop and implement a detailed system of cost control that will provide the Owner and Architect with timely information as to the anticipated total Cost of the Work. The cost control system shall compare the Control Estimate with the actual cost for activities in progress and estimates for uncompleted tasks and proposed changes. This information shall be reported to the Owner, in writing, no later than the Contractor's ’s first Application for Payment and shall be revised and submitted with each Application for Payment. § 13.2.5 The Owner shall authorize preparation of revisions to the Contract Documents that incorporate the agreed-upon assumptions contained in the Control Estimate. The Owner shall promptly furnish such revised Contract Documents to the Contractor. The Contractor shall notify the Owner and Architect of any inconsistencies between the Control Estimate and the revised Contract Documents.

Control Estimate. § 13.2.1 Where 2.2.1 At a time to be mutually agreed upon by the Contract Sum is Owner and the Cost of Construction Manager and in consultation with the Work, plus the Contractor's Fee without a' Guaranteed Maximum Price pursuant to the Work OrderArchitect, the Contractor Construction Manager shall prepare and submit to the Owner a Control Estimate within 14 days of executing for the Work OrderOwner’s review and acceptance. The Control Estimate shall include be the estimated sum of the Construction Manager’s estimate of the Cost of the Work plus the Contractor's Fee. § 13.2.2 The Control Estimate shall include: 1. the Contract Documents enumerated in the Work order, including all Modifications thereto; 2. a list of the assumptions made by the Contractor in the preparation of the Control Estimate to supplement the information provided by the Owner and contained in the Contract Documents; 3. a statement of the estimated Cost of the Work organized by trade categories or systems and the Contractor's Fee; 4Construction Manager’s Fee and shall include those items set forth in Section 2.2.4 below. a project schedule upon which the Control Estimate is based, indicating proposed Subcontractors, activity sequences and durations, milestone dates for receipt and approval of pertinent information, schedule of shop drawings and samples, procurement and delivery of materials or equipment, the Owner's occupancy requirements, and the date of Substantial Completion; and 5. a list of any contingency amounts included in the Control Estimate for further development of design and construction. § 13.2.3 When the Control Estimate is acceptable to the Owner and ArchitectOwner, the Owner shall acknowledge it in writing. The Owner's acceptance of the Control Estimate does not imply that the Control Estimate constitutes a Guaranteed Maximum Price. § 13.2.4 2.2.2 The Contractor Construction Manager shall develop and implement a detailed system of cost control that will provide the Owner and Architect with timely information as to the anticipated total Cost of the Work. The cost control system shall compare the Control Estimate with the actual cost for activities in progress and estimates for uncompleted tasks and proposed changes. This information shall be reported to the Owner, in writing, no later than the Contractor's first Application for Payment and shall be revised and submitted with each Application for Paymentwriting as mutually agreed. § 13.2.5 2.2.3 To the extent that the Drawings and Specifications are anticipated to require further development by the Architect, the Construction Manager shall provide in the Control Estimate for such further development consistent with the Contract Documents and reasonably inferable therefrom. Such further development does not include changes in scope, systems, kinds and quality of materials, finishes or equipment, all of which, if required, shall be incorporated in a revised Control Estimate by mutual agreement of the parties. § 2.2.4 The Control Estimate shall include 1 a list of the Drawings and Specifications, including all Addenda thereto, and the Conditions of the Contract; .2 a list of the clarifications and assumptions made by the Construction Manager in the preparation of the Control Estimate, including assumptions under Section 2.2.3, to supplement the information provided by the Owner and contained in the Drawings and Specifications; .3 a statement of the estimated Cost of the Work organized by trade categories or systems, allowances, and the Construction Manager’s Fee; .4 the anticipated date of Substantial Completion upon which the Control Estimate is based, and a schedule for the issuance dates of the Construction Documents upon which the anticipated Substantial Completion date relies; and .5 a statement as to whether or not the duration from the stated date of commencement of the Construction Phase to the estimated date of Substantial Completion shall become the Contract Time and be subject to the provisions of Article 8 of A201–2017 as modified by the parties. § 2.2.5 The Owner shall authorize preparation of revisions the Architect to the Contract Documents that incorporate the agreed-upon assumptions and clarifications contained in the Control Estimate. The Owner shall promptly furnish such those revised Contract Documents Drawings and Specifications to the ContractorConstruction Manager as they are revised. The Contractor Construction Manager shall notify the Owner and Architect of any inconsistencies between the Control Estimate and the revised Contract DocumentsDrawings and Specifications.

Control Estimate. § 13.2.1 15.2.1 Where the Contract Sum is the Cost of the Work, plus the Contractor's ’s Fee without a' a Guaranteed Maximum Price pursuant to the Work OrderSection 3.3, the Contractor shall prepare and submit to the Owner a Control Estimate within 14 days of executing the Work Orderthis Agreement. The Control Estimate shall include the estimated Cost of the Work plus the Contractor's Fee. § 13.2.2 15.2.2 The Control Estimate shall include: 1. : .1 the Contract Documents documents enumerated in the Work orderArticle 6, including all Modifications thereto; 2. .2 a list of the assumptions made by the Contractor in the preparation of the Control Estimate to supplement the information provided by the Owner and contained in the Contract Documents; 3. .3 a statement of the estimated Cost of the Work organized by trade categories or systems and the Contractor's Fee; 4. .4 a project schedule upon which the Control Estimate is based, indicating proposed Subcontractors, activity sequences and durations, milestone dates for receipt and approval of pertinent information, schedule of shop drawings and samples, procurement and delivery of materials or equipment, equipment the Owner's occupancy requirements, and the date of Substantial Completion; and 5. .5 a list of any contingency amounts included in the Control Estimate for further development of design and construction. § 13.2.3 15.2.3 When the Control Estimate is acceptable to the Owner and Architect, the Owner shall acknowledge it in writing. The Owner's acceptance of the Control Estimate does not imply that the Control Estimate constitutes a Guaranteed Maximum Price. § 13.2.4 15.2.4 The Contractor shall develop and implement a detailed system of cost control that will provide the Owner and Architect with timely information as to the anticipated total Cost of the Work. The cost control system shall compare the Control Estimate with the actual cost for activities in progress and estimates for uncompleted tasks and proposed changes. This information shall be reported to the Owner, in writing, no later than the Contractor's first Application for Payment and shall be revised and submitted with each Application for Payment. § 13.2.5 15.2.5 The Owner shall authorize preparation of revisions to the Contract Documents that incorporate the agreed-agreed- upon assumptions contained in the Control Estimate. The Owner shall promptly furnish such revised Contract Documents to the Contractor. The Contractor shall notify the Owner and Architect of any inconsistencies between the Control Estimate and the revised Contract Documents.

Control Estimate. § 13.2.1 Where the Contract Sum is the Cost of the Work, plus the Contractor's Fee without a' Guaranteed Maximum Price pursuant to the Work Order, the 5.2.1 The Contractor shall prepare and submit to the Owner Owner, in writing, a Control Estimate within 14 days of executing the Work Orderthis Agreement. The Control Estimate shall include the estimated Cost of the Work plus the Contractor's Fee. § 13.2.2 . The Control Estimate shall include:be used to monitor actual costs and the timely performance of the Work. The Contractor shall update the Control Estimate with each Application for Payment as needed to reflect changes in the Work. 1. § 5.2.2 The Control Estimate shall include .1 the Contract Documents documents enumerated in the Work orderArticle 16, including all Modifications thereto; 2. .2 a list of the assumptions made by the Contractor in the preparation of the Control Estimate Estimate, including assumptions under Section 5.2.4, to supplement the information provided by the Owner and contained in the Contract Documents; 3. .3 a statement of the estimated Cost of the Work organized by trade categories or systems and the Contractor's Fee; 4. .4 a project schedule upon which the Control Estimate is based, indicating proposed Subcontractors, activity sequences and durations, milestone dates for receipt and approval of pertinent information, schedule of shop drawings and samples, procurement and delivery of materials or equipment, and the Owner's occupancy requirements, ; and the date of Substantial Completion; and 5. a list of any contingency amounts included in the Control Estimate .5contingencies for further development of design and construction, as required by Section 5.2 4. § 13.2.3 5.2.3 The Contractor shall meet with the Owner and Architect to review the Control Estimate. In the event that the Owner or Architect discovers any inconsistencies or inaccuracies in the information presented, they shall promptly notify the Contractor, who shall make appropriate adjustments to the Control Estimate. When the Control Estimate is acceptable to the Owner and ArchitectOwner, the Owner shall acknowledge it in writing. The Owner's acceptance of the Control Estimate does not imply that the Control Estimate constitutes a Guaranteed Maximum Price. § 13.2.4 5.2.4 To the extent that the Contract Documents are anticipated to require further development, the Contractor shall provide in the Control Estimate for such further development consistent with the Contract Documents and reasonably inferable therefrom. Such further development does not include changes in scope, systems, kinds and quality of materials, finishes or equipment, all of which, if required, shall be incorporated in a revised Control Estimate by mutual agreement of the parties. § 5.2.5 The Contractor shall develop and implement a detailed system of cost control that will provide the Owner and Architect with timely information as to the anticipated total Cost of the Work. The cost control system shall compare the Control Estimate with the actual cost for activities in progress and estimates for uncompleted tasks and proposed changes. This information shall be reported to the Owner, in writing, no later than the Contractor's first Application for Payment and shall be revised and submitted with each Application for Payment. § 13.2.5 5.2.6 The Owner shall authorize preparation of revisions to the Contract Documents that incorporate the agreed-upon assumptions contained in the Control Estimate. The Owner shall promptly furnish such revised Contract Documents to the Contractor. The Contractor shall notify the Owner and Architect of any inconsistencies between the Control Estimate and the revised Contract Documents.