Estimated Project Sum definition

Estimated Project Sum means Design-Builder’s preliminary estimate of the total amount Owner will pay for the Project, generated in accordance with Section 5.2.
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Estimated Project Sum means Design-Builder’s preliminary estimate of the total amount Owner will pay for the Project, generated in accordance with Section 5.2. [Note: this is the Design- Builder’s total Project cost estimate.]
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Examples of Estimated Project Sum in a sentence

  • Design-Builder shall use the final Estimated Project Sum to prepare for Owner Parties a detailed Project budget, including an Estimated Pricing Amendment Sum for each Deliverable Portion of Work, in accordance with this Agreement, and on the dates set forth in the Project Schedule.

  • Design-Builder shall estimate and inform Owner Parties of affects such alternative schedules may have on the Estimated Project Sum.

  • In the event the Project’s cost estimates, including the Estimated Pricing Amendment Sums, when taken together, exceed the Estimated Project Sum, Design- Builder shall meet with Owner Parties to discuss changes and review alternatives necessary to maintain a mutually acceptable Project budget.

  • Design-Builder shall assist Owner to refine its proposed budgets, including by generating and delivering to Owner Parties its Estimated Project Sum, utilizing the Project Criteria, and estimating techniques appropriate to the Project’s stage of development, and shall refine the Estimated Project Sum based on changes during the Project.

  • During the Design Phase, Design-Builder shall work with Owner Parties to regularly estimate costs and analyze constructability of all major components and systems of the Work such that the design and budget can timely develop together.‌ Upon the dates set forth in the Project Schedule and in accordance with the development of the Services, Design-Builder shall submit to Owner Parties its final updated Estimated Project Sum.

  • In the event the Project’s cost estimates, including the Estimated Pricing Amendment Sums, when taken together, exceed the Estimated Project Sum, Design-Builder shall meet with Owner Parties to discuss changes and review alternatives necessary to maintain a mutually acceptable Project budget.

  • During the Design Phase, Design-Builder shall work with Owner Parties to regularly estimate costs and analyze constructability of all major components and systems of the Work such that the design and budget can timely develop together.‌‌ Upon the dates set forth in the Project Schedule and in accordance with the development of the Services, Design-Builder shall submit to Owner Parties its final updated Estimated Project Sum.

  • Design-Builder shall assist Owner to refine its proposed budgets, including by generating and delivering to Owner Parties its Estimated Project Sum, utilizing the Project Criteria, and estimating techniques appropriate to each stage of development, and shall refine the Estimated Project Sum based on changes during the Work.

  • Upon the dates set forth in the Project Schedule and in accordance with the development of the Services, Design-Builder shall submit to Owner Parties its final updated Estimated Project Sum.

  • In the event the Work cost estimates, including the Estimated Pricing Amendment Sums, when taken together, exceed the Estimated Project Sum, Design- Builder shall meet with Owner Parties to discuss changes and review alternatives necessary to maintain a mutually acceptable budget for the Work.