PROPOSALS AND ESTIMATES Sample Clauses
The "Proposals and Estimates" clause defines the process by which one party submits a detailed plan or cost projection for work to be performed, and how the other party reviews and responds to these submissions. Typically, this clause outlines the requirements for what must be included in a proposal or estimate, such as scope, pricing, and timelines, and may specify the timeframe for acceptance or negotiation. Its core function is to ensure both parties have a clear, mutual understanding of the work to be done and the associated costs before any binding agreement is made, thereby reducing the risk of misunderstandings or disputes later in the project.
PROPOSALS AND ESTIMATES. § 3.5.2.1 Promptly after Owner approves the Schematic Design Documents, Architect shall assist Owner with obtaining competitive proposals and detailed estimates from potential contractors based on the Schematic Design Documents.
§ 3.5.2.2 The Architect shall assist the Owner with:
PROPOSALS AND ESTIMATES. 5.2.1 Engineer shall assist Owner with obtaining competitive proposals and detailed estimates from potential contractors based on the Schematic Design Documents.
PROPOSALS AND ESTIMATES i. ▇▇▇▇▇’s proposals and estimates (“Proposals”) are being offered for your convenience and benefit and, therefore, are not binding. The Proposals are subject to modification by you or ZICLA at any time prior to written confirmation of the same.
ii. A Proposal will only become binding once ▇▇▇▇▇ sends you written confirmation approving the same. At that time, ▇▇▇▇▇ will issue an Order with the final applicable specifications and terms.