Cost of Work Estimate Sample Clauses

The Cost of Work Estimate clause defines the process and requirements for estimating the total costs associated with a specific project or scope of work. Typically, this clause outlines who is responsible for preparing the estimate, what components must be included (such as labor, materials, and overhead), and when the estimate must be submitted for approval. For example, a contractor may be required to provide a detailed breakdown of anticipated expenses before commencing work. The core function of this clause is to ensure transparency and accuracy in budgeting, helping both parties anticipate financial commitments and avoid disputes over unexpected costs.
Cost of Work Estimate. The Local Agency has estimated the total cost the Work to be $388,000.00, which is to be funded as follows: 1. BUDGETED FUNDS TAP M086-091 (24079) a. Federal Funds (100% of Participating TAP Funds) MTF M086-088 (24024) b. State Funds (100% of MMOF Funds) $194,000.00 $194,000.00 TOTAL BUDGETED FUNDS $388,000.00 2. OMB UNIFORM GUIDANCE a. Federal Award Identification Number (▇▇▇▇): TBD b. Federal Award Date: TBD c. Amount of Federal Funds Obligated: d. Total Amount of Federal Award: $0.00 $194,000.00 e. Name of Federal Awarding Agency: FHWA f. CFDA Number CFDA 20.205 g. Is the Award for R&D? No h. Indirect Cost Rate (if applicable) N/A 3. ESTIMATED PAYMENT TO LOCAL AGENCY a. Federal Funds Budgeted $194,000.00 b. State Funds Budgeted $194,000.00 c. Less Estimated Federal Share of CDOT-Incurred Costs $0.00 TOTAL ESTIMATED PAYMENT TO LOCAL AGENCY $388,000.00 4. FOR CDOT ENCUMBRANCE PURPOSES TAP M086-091 (24079) a. Total Encumbrance Amount b. Less ROW Acquisition 3111 and/or ROW Relocation 3109 MTF M086-088 (24024) c. Total Encumbrance Amount (Only CDOT funds are encumbered) d. Less ROW Acquisition 3111 and/or ROW Relocation 3109 $194,000.00 $0.00 Net to be encumbered as follows: $388,000.00 WBS Element 24079.10.30 Performance Period Start*/End Date TBD / TBD Design 3020 $0.00 Exhibit C – Page 1 of 3 WBS Element 24079.20.10 Performance Period Start*/End Date TBD / TBD Const. 3301 $0.00 WBS Element 24024.10.30 Performance Period Start**/End Date N/A- N/A Design 3020 $0.00 WBS Element 24024.20.10 Performance Period Start**/End Date N/A- N/A Const. 3301 $0.00 **For MTF M086-088 (24024) the Local Agency should not begin work until both of the following are in place: 1) the execution of the document encumbering funds for the respective phase; and 2) Local Agency receipt of the official Notice to Proceed. Any work performed before these two (2) milestones are achieved will not be reimbursable.
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Cost of Work Estimate. The Local Agency has estimated the total cost of the Work to be $3,125,000.00, which is to be funded as follows: a. State Funds (@ 80%) $2,500,000.00 b. Local Agency Matching Funds (@ 20%) $625,000.00 TOTAL BUDGETED FUNDS $3,125,000.00 2 ESTIMATED CDOT-INCURRED COSTS a. State Share $0.00 b. Local Agency $0.00 TOTAL ESTIMATED CDOT-INCURRED COSTS $0.00 3 ESTIMATED PAYMENT TO LOCAL AGENCY a. State Funds Budgeted (1a) $2,500,000.00 TOTAL ESTIMATED PAYMENT TO LOCAL AGENCY $2,500,000.00 Note: Construction Funds are not yet available. Construction funds will be encumbered when they become available by either and option letter or formal amendment. FOR CDOT ENCUMBRANCE PURPOSES Total Encumbrance Amount $3,125,000.00 Less ROW Acquisition 3111 and/or ROW Relocation 3109 $0.00 Net to be encumbered as follows: $3,125,000.00 WBS Element 22164.20.10 Const 3301 $0.00
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Cost of Work Estimate. The Local Agency has estimated the total cost of the Work to be $218,605.00, which is to be funded as follows: a. Federal Funds (Bridge @ 80%) $174,884.00 b. Local Agency Matching Funds (Bridge @ 20%) $43,721.00 TOTAL BUDGETED FUNDS $218,605.00 2 ESTIMATED CDOT-INCURRED COSTS a. Federal Share $0.00 (0% of Participating Costs) b. Local Agency $0.00 TOTAL ESTIMATED CDOT-INCURRED COSTS $0.00 3 ESTIMATED PAYMENT TO LOCAL AGENCY a. Federal Funds Budgeted (1a) $174,884.00 b. Less Estimated Federal Share of CDOT-Incurred Costs (2a) $0.00 TOTAL ESTIMATED PAYMENT TO LOCAL AGENCY $174,884.00 FOR CDOT ENCUMBRANCE PURPOSES Total Encumbrance Amount $218,605.00 Less ROW Acquisition 3111 and/or ROW Relocation 3109 $0.00 Net to be encumbered as follows: $218,605.00 WBS Element <<<<<>>>> Design 3020 $0.00 WBS Element 21675.20.10 Const 3301 $0.00
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Cost of Work Estimate. The Local Agency has estimated the total cost the Work to be $77,549.00, which is to be funded as follows: Federal Funds Awarded and Budgeted: $64,203.00 (82.79% of Participating Costs) Local Agency Matching Funds $13,346.00 (17.21% of Participating Costs) WBS Element 24374.10.50 for $77,549.00 ▇▇▇ ▇▇▇: MEBPTEMPNLM4 FHWA Award Date: 2/22/2021 CFDA/Assistance Listing: 20.205
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Related to Cost of Work Estimate

  • Project Plan Development of Project Plan Upon the Authorized User’s request, the Contractor must develop a Project Plan. This Project Plan may include Implementation personnel, installation timeframes, escalation procedures and an acceptance plan as appropriate for the Services requested. Specific requirements of the plan will be defined in the RFQ. In response to the RFQ, the Contractor must agree to furnish all labor and supervision necessary to successfully perform Services procured from this Lot. Project Plan Document The Contractor will provide to the Authorized User, a Project Plan that may contain the following items: • Name of the Project Manager, Contact Phone Numbers and E-Mail Address; • Names of the Project Team Members, Contact Phone Numbers and E-Mail Address; • A list of Implementation milestones based on the Authorized User’s desired installation date; • A list of responsibilities of the Authorized User during system Implementation; • A list of designated Contractor Authorized Personnel; • Escalation procedures including management personnel contact numbers; • Full and complete documentation of all Implementation work; • Samples of knowledge transfer documentation; and • When applicable, a list of all materials and supplies required to complete the Implementation described in the RFQ. Materials and Supplies Required to Complete Implementation In the event that there are items required to complete an Implementation, the Contractor may request the items be added to its Contract if the items meet the scope of the Contract. Negotiation of Final Project Plan If the Authorized User chooses to require a full Project Plan, the State further reserves the right for Authorized Users to negotiate the final Project Plan with the apparent RFQ awardee. Such negotiation must not substantively change the scope of the RFQ plan, but can alter timeframes or other incidental factors of the final Project Plan. The Authorized User will provide the Contractor a minimum of five (5) business days’ notice of the final negotiation date. The Authorized User reserves the right to move to the next responsible and responsive bidder if Contractor negotiations are unsuccessful.

  • REVIEW OF WORK The Consultant shall permit the City, its agents and/or employees to review, at any time, all work performed pursuant to the terms of this Agreement at any stage of the work;

  • Work Order (s) means a detailed scope of work for a Service required by Transnet, including timeframes, Deliverable, Fees and costs for the supply of the Service to Transnet, which may be appended to this Agreement from time to time.

  • Statement of Work The Statement of Work to which Grantee is bound is incorporated into and made a part of this Grant Agreement for all purposes and included as Attachment A.

  • Project Schedule Construction must begin within 30 days of the date set forth in Appendix A, Page 2, for the start of construction, or this Agreement may become null and void, at the sole discretion of the Director. However, the Recipient may apply to the Director in writing for an extension of the date to initiate construction. The Recipient shall specify the reasons for the delay in the start of construction and provide the Director with a new start of construction date. The Director will review such requests for extensions and may extend the start date, providing that the Project can be completed within a reasonable time frame.