Cost Estimation Sample Clauses

The Cost Estimation clause defines how the anticipated expenses for a project or service are calculated and presented before work begins. Typically, it outlines the methods or standards used to estimate costs, specifies what items or services are included in the estimate, and may set procedures for revising estimates if project requirements change. This clause ensures that both parties have a clear understanding of expected financial commitments, helping to prevent disputes over budget overruns and promoting transparency in project planning.
Cost Estimation. All training costs are estimated. FTP and prospective internship/employment providers may require Student to pay additional fees for accommodation, food and related expenses, or any other expenses that may be incurred by FTP and internship/employment providers for Student’s relocation and additional training. Company recommends that Student reserves 10 to 15 percent of funds in addition to the estimated training cost stipulated in 3.2 of this agreement.
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Cost Estimation. Conduct detailed ingredients-based costing of 128 prioritized services to estimate program costs per capita within the agreed fiscal space range.
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Cost Estimation. The Architect shall submit to the Owner an estimate of the Cost of the Work at the culmination of Task 4.
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Cost Estimation. A process in which a BIM is used to develop accurate quantity take-offs for the purpose of creating or validating cost estimates.
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Cost Estimation. The Boys and Girls Club shall provide a third party estimation of the anticipated construction costs (hard costs) of the design sumital. No later than September 1, 2010
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Cost Estimation. Estimate the costs associated with implementing both the core and complementary sub-packages by conducting a detailed ingredients-based costing of each of the 128 prioritized services . Ensure that the estimated cost per capita is well within the fiscal space range agreed upon for government financing of the package (in this case, US$12-14). This step is crucial to guarantee financial feasibility.
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Cost Estimation. The YMCA shall provide a third party estimation of the anticipated construction costs (hard costs) of the design sumital. No later than September 1, 2010
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Cost Estimation i. Consultant team to provide per-square-foot costs and allowances for design elements in 60% Design.
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Cost Estimation. The YMCA shall provide a third party estimation of the anticipated construction costs (hard costs) of the design submittal. No later than one (1) month after Design Submittal.
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Related to Cost Estimation

  • Cost Estimate The cost estimate shall set out the estimated costs for the proposed Change Order in such a way that a fair evaluation can be made. It shall include a breakdown for labor, materials, equipment and markups for overhead and profit, unless TxDOT agrees otherwise. If the work is to be performed by Subcontractors and if the work is sufficiently defined to obtain Subcontractor quotes, DB Contractor shall obtain quotes (with breakdowns showing cost of labor, materials, equipment and markups for overhead and profit) on the Subcontractor’s stationery and shall include such quotes as back-up for DB Contractor’s estimate. No markup shall be allowed in excess of the amounts allowed under Section 10.6. DB Contractor shall identify all conditions with respect to prices or other aspects of the cost estimate, such as pricing contingent on firm orders being made by a certain date or the occurrence or non-occurrence of an event.

  • Cost Estimates If this Agreement pertains to the design of a public works project, CONSULTANT shall submit estimates of probable construction costs at each phase of design submittal. If the total estimated construction cost at any submittal exceeds the CITY’s stated construction budget by ten percent (10%) or more, CONSULTANT shall make recommendations to CITY for aligning the Project design with the budget, incorporate CITY approved recommendations, and revise the design to meet the Project budget, at no additional cost to CITY.

  • Estimate The Engineer shall independently develop and report quantities necessary to construct the contract in standard State bid format at the specified milestones and Final PS&E submittals. The Engineer shall prepare each construction cost estimates using Estimator or any approved method. The estimate shall be provided at each milestone submittal or in DCIS format at the 95% and Final PS&E submittals per State’s District requirement.

  • Pre-Estimate The parties agree that if Market Quotation applies an amount recoverable under this Section 6(e) is a reasonable pre-estimate of loss and not a penalty. Such amount is payable for the loss of bargain and the loss of protection against future risks and except as otherwise provided in this Agreement neither party will be entitled to recover any additional damages as a consequence of such losses.

  • Estimating Marketing and sales: