Cost Estimating Services. The CMR shall submit Preconstruction Phase Cost Estimates as described in the subsections below and at the Preconstruction Phase Milestones designated in Table 2.0. All Preconstruction Phase Cost Estimates prepared by the CMR shall be required to be reconciled with the Architect Cost Estimates. In conjunction with the DAS PM, A/E, and Construction Administrator, the CMR shall prepare the required Cost Estimates and evaluate the Cost Estimates against the “Cost of the Work” budget. The CMR shall recommend, if necessary, the appropriate action to correct and/or avoid potential cost overruns. The basis for the Cost Estimates shall be ASTM Uniformat II, classification system for building elements and related sitework (▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇).
Appears in 2 contracts
Sources: Standard Form of Agreement Between Owner and Construction Manager at Risk (Cmr) for Guaranteed Maximum Price (Gmp), Standard Form of Agreement Between Owner and Construction Manager at Risk (Cmr) for Guaranteed Maximum Price (Gmp)