Common use of Market Analysis and Stimulation of Bidder Interest Clause in Contracts

Market Analysis and Stimulation of Bidder Interest. 8.1. The purpose of this subsection is to insure that the Construction Manager makes a genuine effort to stimulate interest in the Project and maximize participation of potential qualified subcontractors in the bidding process. The Construction Manager shall monitor conditions in the construction market to identify factors that will or may affect costs and time for completing the Project; Construction Manager shall make analysis as necessary to (i) determine and report on availability of labor, materials, equipment, potential bidders, and possible impact of any shortages or surpluses of labor or material, and (ii) in light of such determination, make recommendations and take action as may be appropriate with respect to long lead procurement, separation of construction into bid packages, sequencing of Work, use of alternative materials, equipment or methods, other economics in design or construction, and other matters that will promote cost savings and completion within the Contract Time.

Market Analysis and Stimulation of Bidder Interest. 8.1. (a) The purpose of this subsection is to insure that the Construction Manager Contractor makes a genuine effort to stimulate interest in the Project and maximize participation of potential qualified subcontractors in the bidding process. The Construction Manager Contractor shall monitor conditions in the construction market to identify factors that will or may affect costs and time for completing the Project; Construction Manager it shall make analysis as necessary to (iI) determine and report on availability of labor, materials, equipment, potential bidders, and possible impact of any shortages or surpluses of labor or material, and (ii2) in light of such determination, make recommendations and take action as may be appropriate with respect to long lead procurement, separation of construction into bid packages, sequencing of Workwork, use of alternative materials, equipment or methods, other economics in design or construction, and other matters that will promote cost savings and completion within the Contract Timeschedule time.