Cost Control Management Sample Clauses

Cost Control Management. Lessee shall prepare, based upon design documents prepared by Architect or Engineer and identified by the District, its own cost estimate of the total construction cost of the Project at several intervals, as specified in this Scope of Work. Lessee shall compare its cost estimate with the cost estimate independently prepared by Architect or Engineer for these same design documents, and endeavor to resolve discrepancies in the estimates to the satisfaction of the District, with the goal that both cost estimates are less than or equal to the District's Construction Budget. Lessee shall recommend, if necessary, appropriate modifications of the design documents to lower both ▇▇▇▇▇▇’s and the Architect or Engineer’s independent estimates to amounts equal to or lower than the Construction Budget. Lessee’s cost estimates shall be provided according to Uniformat standards and as specified below, and arranged in Uniformat format (a building systems organization format). Construction cost estimates shall be developed/updated and submitted as part of each of the following submittals: (a) 100% Design Development; Uniformat II format elemental categories and detailed to Level 3. (b) Each cost estimate shall: (1) Reflect the best professional estimate of actual costs anticipated. (2) Establish internal estimating allowances, consistent with good professional practice and appropriate to the Phase of development. Larger allowances are assumed held at early Phases, gradually diminishing to zero at completion of the final cost estimate.

Cost Control Management. Contractor shall prepare, a written report based upon Design Documents prepared by the Architect or Engineer and identified by the AOC, its own cost estimate of the total construction cost of the Project at several times, as specified in this SOW. Contractor shall compare their cost estimate with the cost estimate independently prepared by the Architect or Engineer for these same design documents and endeavor to resolve discrepancies in the estimates to the satisfaction of the AOC, and with the goal that both cost estimates are less than or equal to the AOC’s Construction Budget. Contractor shall recommend, if necessary, appropriate modifications of the Design Documents to lower both the Contractor’s and the Architect or Engineer’s independent estimates to amounts equal to or lower than the Construction Budget. Contractor’s cost estimates shall be provided according to ASTM Uniformat II standards and as specified below, and arranged in Uniformat format (a building systems organization format). Construction cost estimates shall be developed/updated and submitted as a part of each of the following submittals: (a) Working Drawings; (1) 50% milestone; Uniformat format elemental categories and detailed to Level 4; (2) 90% milestone; Uniformat format elemental categories and detailed to Level 4 and additionally in CSI format. Each cost estimate shall: • Reflect the best professional estimate of actual costs anticipated. • Establish internal estimating allowances, consistent with good professional practice, appropriate to the phase of development. Larger allowances are assumed held at early phases gradually diminishing to zero at completion of final cost estimate. • Adjust reported cost values to contract ENR CCCI value. Do not advance costs to the estimated start of construction, mid-point of construction or to present day values unless otherwise directed by the AOC. Questions regarding the calculation of ENR CCCI values shall be reviewed with the AOC Project Manager.

Cost Control Management. As an initial task, the Service Provider shall review the Budgeted Direct Construction Cost and determine if it is sufficient to construct the Project. The Service Provider shall prepare a cost estimate and evaluate the estimate against the construction budget and recommend, if necessary, the appropriate action to avoid potential cost overruns. The Service Provider shall establish target values for the cost of each Project element to be used as a basis of design and cost monitoring. The Service Provider shall monitor the budget as compared to the Project scope through the preconstruction phase. If changes are suggested to the Project scope that may cause Project cost overruns Service Provider shall notify the Trustees in writing as part of the regular Project development meetings. If the estimate is above the Project budget, the Service Provider shall participate in value engineering to lower the Project cost to within the budget, and recommend the appropriate action to avoid potential cost overruns.

Cost Control Management. Contractor shall prepare, based upon Design Documents prepared by the Architect/Engineer and identified by the AOC, its own cost estimate of the total construction cost of the Project at several times, as specified in this SOW. Contractor shall compare their cost estimate with the cost estimate independently prepared by the Architect/Engineer for these same design documents and endeavor to resolve discrepancies in the estimates to the satisfaction of the AOC, and with the goal that both cost estimates are less than or equal to the AOC’s Construction Budget. Contractor shall recommend, if necessary, appropriate modifications of the Design Documents to lower both the Contractor’s and the Architect/Engineer’s independent estimates to amounts equal to or lower than the Construction Budget. Contractor’s cost estimates shall be provided according to Uniformat standards and as specifed below, and arranged in Uniformat format (a building systems organization format). Construction cost estimates shall be developed/updated and submitted as a part of each of the following submittals: (a) 100% Schematic Design; Uniformat elemental categories and detailed to Level 2; (b) 100% Design Development; Uniformat format elemental categories and detailed to Level 3; (c) Each cost estimate shall: (1) Reflect the best professional estimate of actual costs anticipated. (2) Establish internal estimating allowances, consistent with good professional practice, appropriate to the phase of development. Larger allowances are assumed held at early phases gradually diminishing to zero at completion of final cost estimate. (3) Adjust reported cost values to contract ENR CCCI value. Do not advance costs to the estimated start of construction, mid-point of construction or to present day values unless otherwise directed by the AOC. Questions regarding the calculation of ENR CCCI values shall be reviewed with the AOC Project Manager.

Cost Control Management. CMR shall prepare, based upon Design Documents prepared by the Architect or Engineer and identified by the Judicial Council, its own cost estimate of the total construction cost of the Project at several times, as required in the Contract Documents. CMR shall compare their cost estimate with the cost estimate independently prepared by the Architect or Engineer for these same design documents and endeavor to resolve discrepancies in the estimates to the satisfaction of the Judicial Council, and with the goal that both cost estimates are less than or equal to the budget amounts Judicial Council provides to the CMR. CMR shall recommend, if necessary, appropriate modifications of the Design Documents to lower both the CMR’s and the Architect or Engineer’s independent estimates to amounts equal to or lower than the budget amounts Judicial Council provides to the CMR. CMR’s cost estimates shall be provided according to Uniformat standards and as specified below, and arranged in Uniformat format (a building systems organization format). Construction cost estimates shall be developed/updated and submitted as a part of each of the following submittals: