Cost Estimate(s) definition
Examples of Cost Estimate(s) in a sentence
Cost Estimates prepared by the ARCHITECT/ENGINEER represent the A/E’s best judgment as a design professional familiar with the construction industry.
Reconciled Construction Cost Estimates shall be prepared at the conclusion of the Schematic Design Phase, at the conclusion of the Design Development Phase, when Construction Documents are approximately 50% complete and prior to the submission of the Guaranteed Maximum Price Proposal.
The Design Development Documents submission shall include all Drawings, Cost Estimates, Specifications, and Commissioning Checklists.
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.
Provide to the Owner and Using Agency reconciled Construction Cost Estimates, consisting of a composite of the separately derived Design Professional's current Statement of Probable Construction Cost and the CM/GC's Construction Cost Estimate, each based upon the Program and design documents prepared by the Design Professional.