Cost Control. The budget established by the OWNER for the construction of the Project and CONSULTANT fee shall be considered as absolute. The CONSULTANT shall advise OWNER in writing of the following:
Cost Control. The Construction Manager shall develop a system of cost control for the Work, including regular monitoring of actual costs for activities in progress and estimates for uncompleted tasks and proposed changes. The Construction Manager shall identify variances between actual and estimated costs and report the variances to the Owner and Architect, and shall provide this information in its monthly reports to the Owner and Architect, in accordance with Section 3.3.2.3 above.
Cost Control. Cost control and reporting;
Cost Control. Develop and monitor an effective system of Project cost control. Revise and refine the initially approved Project Construction Budget, incorporate approved changes as they occur, and develop cash flow reports and forecasts as needed. Identify variances between actual and budgeted or estimated costs and advise Owner and Architect whenever projected cost exceeds budgets or estimates. Identify scope changes and costs as requested by the Owner prior to performing the Work.
Cost Control. (1) Maintain cost accounting records in good form on expenditures and materials, or for any other expenditures requiring accounting records; and afford the Owner access to these records and preserve them for a period of four (4) years after final payment is made by the Owner to the Construction Manager.
Cost Control. Cost control and reporting; Lines of Authority. Lines of authority and personnel assignments of CM/GC's organization; Field Construction Procedures. Field construction procedures including, without limitation, safety, construction means and methods, logistics, and handling of material and equipment at the Site; Inventory Control. Inventory control and security;
Cost Control. The operation of this subsystem shall provide sufficient timely data and detail to permit the Construction Team to control and adjust the PROJECT requirements, needs, materials, equipment and systems by building and site elements so that construction will be completed at a cost which, together with all Project Costs, will not exceed the Project Budget. Based upon a quantitative material take off with current local costs for each bid group by subcontract package, within a reasonable time period as determined by the Owner in the Owner’s sole discretion, the CM shall provide its estimate of the total Project Costs for the PROJECT. These costs will be detailed by line item budget with a cost corresponding to each of the following stages or phases:
Cost Control. 37. Xxxx of Quantities
Cost Control. The Architect’s prepared plans and specifications shall not result in a construction estimate in excess of the established budget of ______________, without construction contingency. In the event it is discovered during any Phase that the estimated cost of the work is in excess of the established budget or the bids received are in excess of the established budget, the Architect shall revise, at its own cost and expense, all or any part of the plans and specifications necessary to bring the construction cost within the established budget. Modify Section 5.7 to read as follows:
Cost Control. CONTRACTOR shall not exceed by more than twenty (20%) percent any contract expense line item amount in the budget without the written approval of COUNTY, given by and through the Contract Administrator or Contract Administrator’s designee. CONTRACTOR shall submit an amended budget using Exhibit H, or on a format as required by the COUNTY, with its request for such approval. Such approval shall not permit CONTRACTOR to receive more than the maximum total amount payable under this Agreement. Therefore, an increase in one line item shall require corresponding decreases in other line items.
