Estimating Requirements Sample Clauses
The Estimating Requirements clause defines the process and standards for determining the quantities, resources, or services needed for a project or contract. Typically, it outlines the methods for preparing estimates, the level of detail required, and the responsibilities of each party in providing or verifying these estimates. For example, it may require the contractor to submit detailed breakdowns of materials and labor or specify how changes in scope should be reflected in updated estimates. This clause ensures that all parties have a clear and agreed-upon understanding of project needs, reducing the risk of disputes over scope, cost, or resource allocation.
Estimating Requirements. Awarded contractor must use Cost Works, JOC Works, RS Means Online, 4 Clicks, or Other approved estimating software. “Other software” than one of the four software programs listed above must be approved by TIPS.
Estimating Requirements. Awarded contractor must use Cost Works, JOC Works, RS Means Online, 4 Clicks, or Other approved estimating software. “Other software” than one of the four software programs listed above must be approved by TIPS. The Interlocal Purchasing System (TIPS) Lead Agency – Region VIII Education Service Center Page 10 of 12 It is the intent of TIPS to contract with a reliable, high performance vendor to supply products and services to government and educational agencies. It is the experience of TIPS that the following procedures provide TIPS, the Vendor, and the participating agency the necessary support to facilitate a mutually beneficial relationship. The specific procedures will be negotiated with the successful vendor.
Estimating Requirements. 1. At each phase of design, the Professional shall provide a Construction Cost Estimate, using costs appropriate for the type of work and design stage, based upon experience, and including an appropriate design contingency, bidding contingency, contractor’s overhead and profit, escalation, trade contractor general conditions costs, current market conditions, and other contingencies as directed by the Owner.
2. The Construction Cost Estimate shall be detailed enough so that each component of the estimate clearly correlates with the Project description and the most recent drawings and specifications of this phase.
3. Unless otherwise directed by the Owner, the Construction Cost Estimates shall be based upon a detailed take-off of labor, materials and equipment, including wage rates (including base rate, taxes, insurance and fringe benefits) for the installation of the materials and equipment. Estimates shall be in the same format as the Owner’s Schedule of Values and shall be prepared using the Owner provided “Consultant Cost Estimating Workbook”, which can be found on DASNY’s website at ▇▇▇.▇▇▇▇▇.▇▇▇. Upon prior written approval of the Owner, the Professional may prepare the estimate in an alternative format provided the estimate includes, at a minimum, information contained in the Owner supplied format.
4. The Professional shall evaluate the impact of Project constraints and design choices on the Construction Cost Estimate, including but not limited to, conformance with industry standards, Site logistics, Project Schedule, environmental considerations and local market conditions. The Professional shall provide recommendations, and an assessment of possible alternative value engineering solutions, to address any issues with the Construction Cost Estimate.
5. The Professional shall hold an estimating conference at each design phase (pre-schematic, schematic, design development, construction documents, and bid documents). The Owner, Client, Professional and cost estimator shall participate in each conference. If the Owner directs, the cost estimator shall participate in person. If the Owner directs, the conference can be part of another meeting.
6. The Professional shall provide a reconciliation to the previous Construction Cost Estimate and the Approved Construction Budget at each phase of design. The reconciliation shall include an explanation of any variances or overall increases.
Estimating Requirements. At each phase of design, the CONTRACTOR shall provide a Construction Cost Estimate, using costs appropriate for the type of work and design stage, based upon experience, and including an appropriate design contingency, bidding contingency, contractor’s overhead and profit, escalation, trade contractor general conditions costs, current market conditions, and other contingencies as directed by the OWNER.
Estimating Requirements. 1. The CONTRACTOR shall provide a Construction Cost Estimate, using costs appropriate for the type of work and design stage, based upon experience, and including an appropriate design contingency, bidding contingency, contractor’s overhead and profit, escalation, trade contractor general conditions costs, current market conditions, and other contingencies as directed by the OWNER.
2. The Construction Cost Estimate shall be detailed enough so that each component of the estimate clearly correlates with the Project description and the most recent delineation of the scope of work, drawings and specifications.