Cost Estimate Preparation Clause Samples
The Cost Estimate Preparation clause outlines the process and requirements for creating a detailed projection of anticipated expenses for a project or service. Typically, this clause specifies who is responsible for preparing the estimate, the level of detail required, and the standards or methodologies to be used. For example, it may require the use of industry-standard cost databases or mandate that estimates include labor, materials, and overhead. Its core practical function is to ensure transparency and accuracy in budgeting, helping all parties understand financial expectations and reducing the risk of disputes over costs.
Cost Estimate Preparation. Upon determination that the Change Request impacts the pricing or scheduling of the Services under the SOW, a cost estimate applicable to the performance of the requested change will be prepared by LogRhythm and provided to the Customer. The cost estimate will fully document the scope of the change, and provide a basis of estimate for the proposed adjustments in price, schedule, and/or other factors as applicable. If applicable, a schedule (separate from but integrated with the implementation plan) will be developed and maintained for each such authorized change.
Cost Estimate Preparation. Upon determination that the Change Request impacts the pricing or scheduling of the Services under the SOW, a cost estimate applicable to the performance of the requested change shall be prepared by Swimlane and provided to the Customer. The cost estimate shall fully document the scope of the change, and provide a basis of estimate for the proposed adjustments in price, schedule, and/or other factors as applicable. If applicable, a schedule (separate from but integrated with the implementation plan) shall be developed and maintained for each such authorized change.
Cost Estimate Preparation. 1. Provide electronic files (pdfs of faxes) to the Agency cost estimator of updated drawings and specifications.