Cost Estimates and Constructability Reviews Sample Clauses
The "Cost Estimates and Constructability Reviews" clause establishes the requirement for evaluating project costs and assessing the feasibility of construction plans before work begins. Typically, this involves the contractor or design team preparing detailed cost projections and reviewing the proposed designs to identify potential construction challenges or inefficiencies. By mandating these reviews, the clause helps ensure that the project budget is realistic and that the construction process is practical and efficient, ultimately reducing the risk of cost overruns and unforeseen complications during execution.
Cost Estimates and Constructability Reviews. When the Owner has sufficiently identified the Project requirements and criteria, and the Program Manager has prepared other basic design criteria, Design-Builder shall prepare for the review by the Program Manager and approval of Owner preliminary construction cost estimates using area and volume or similar conceptual estimating techniques. During the preparation of the design, the Design-Builder shall update and refine this estimate at appropriate intervals agreed to by the Owner, Program Manager, and Design-Builder.
Cost Estimates and Constructability Reviews. When the Owner has sufficiently identified the Project requirements and criteria, and the Project Design Professional has prepared other basic design criteria, CM/GC shall prepare for the review by the Project Design Professional and approval of Owner preliminary construction cost estimates using area and volume or similar conceptual estimating techniques. During the preparation of the design, the CM/GC shall update and refine this estimate at appropriate intervals agreed to by the Owner, Design Professional, and CM/GC. Construction Cost Estimates. Prepare Construction Cost Estimates setting forth in detail CM/GC's estimate of construction costs, including all Actual Costs and CM/GC Contingency and Fees, at each stage of the design and for the construction of the Project and each Component thereof. Such estimates shall include the cost of safety factors. Such Construction Cost Estimates shall be prepared and updated continually as construction documents are developed and shall be formally submitted to Owner, to Using Agency, and to Design Professional when each Component Change Order is issued or at such more frequent intervals as Owner may reasonably request.
Cost Estimates and Constructability Reviews. When the Owner has sufficiently identified the Project requirements and criteria, and the Design Professional has prepared other basic design criteria, CM/GC shall prepare for the review by the Design Professional and approval of Owner preliminary construction cost estimates using area and volume or similar conceptual estimating techniques. During the preparation of the design, the CM/GC shall update and refine this estimate at appropriate intervals agreed to by the Owner, Design Professional, and CM/GC.
Cost Estimates and Constructability Reviews. When the Board has sufficiently identified the Project requirements and criteria, and the Project Design Professional has prepared other basic design criteria, CMR shall prepare for the review by the Project Design Professional and approval of Board preliminary construction cost estimates using area and volume or similar conceptual estimating techniques. During the preparation of the design, the CMR shall update and refine this estimate at appropriate intervals agreed to by the Board, Design Professional, and CMR.
Cost Estimates and Constructability Reviews. The Construction Manager shall also provide cost estimating, constructability evaluations and recommendations, and monitor and comment on the Project's scope and quality as both relate to the stated budget.