Common use of Cost Control and Reporting Clause in Contracts

Cost Control and Reporting. Design Builder, with each submission of the Design and Construction Budget, shall: (i) show all estimated Project costs by individual line item; (ii) provide continual management of such control budget throughout the Project duration, identifying potential cost problems and potential solutions for Owner's approval; (iii) provide monthly reports (unless requested more frequently by Owner) with regard to the status of the total Construction Budget. Each of the budgets and schedules described above, together with any and all modifications and amendments thereto, shall be subject to the approval of Owner.

Cost Control and Reporting. Design Design-Builder, with each submission of the Design and Construction Budget, shall: (i) show all estimated Project costs by individual line item; (ii) provide continual management of such control budget throughout the Project duration, identifying potential cost problems and potential solutions for Owner's approval; (iii) provide monthly reports (unless requested more frequently by Owner) with regard to the status of the total Construction Budget. Each of the budgets and schedules described above, together with any and all modifications and amendments thereto, shall be subject to the approval of Owner.