Preliminary Cost and Schedule Estimates Clause Samples

The Preliminary Cost and Schedule Estimates clause establishes the requirement for the contractor or service provider to deliver initial projections of project expenses and timelines before work begins. Typically, this involves preparing and submitting a detailed breakdown of anticipated costs and a proposed schedule for completing key project milestones, which may be subject to later revision as more information becomes available. The core function of this clause is to provide both parties with a baseline understanding of expected project scope, budget, and timing, thereby facilitating informed decision-making and helping to manage expectations and risks early in the project lifecycle.
Preliminary Cost and Schedule Estimates. Upon completion of the Schematic Design Phase for each phase of the PROJECT or appropriate portion thereof, the CM shall, with the assistance of the A/E, prepare and submit a Statement of Probable Construction Cost based on current area volume and other unit costs and a Preliminary Project Schedule, which shall incorporate the Design Schedule, for approval of the COUNTY. The CM and the A/E shall review any difference between the Construction Budget and the Statement of Probable Construction Cost, identity reasons for any difference and recommend means to eliminate the difference, if necessary. The CM, the A/E and the COUNTY shall agree upon the means to eliminate any difference between the Construction Budget and the Statement of Probable Construction Cost, and the CM shall prepare a report describing the agreed upon means.
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Preliminary Cost and Schedule Estimates. Upon completion of the Schematic Design Phase for each phase of the Project or appropriate portion thereof, the Associate shall prepare and submit a Statement of Probable Construction Cost based on current area volume and other unit costs and a Preliminary Project Schedule, which shall incorporate the Design Schedule, for approval by the University. The Associate shall review any difference between the Construction Budget and the Statement of Probable Construction Cost, identify reasons for any difference and recommend means to eliminate the difference, if necessary. The Associate and the University shall agree upon the means to eliminate any difference between the Construction Budget and the Statement of Probable Construction Cost, and the Associate shall prepare a report describing the agreed upon means.
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Preliminary Cost and Schedule Estimates. Upon completion of the Schematic Design Phase, or appropriate portion thereof, the Architect/Engineer shall assist the Construction Manager to prepare and submit a Statement of Probable Construction Cost for the Project based on current area volume and other unit costs and a Preliminary Project Schedule, which shall incorporate the Design Schedule and the Construction Manager’s Management Schedule for approval of the City and the YMCA.
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Related to Preliminary Cost and Schedule Estimates

  • 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.

  • Wage Schedules The Parties shall, upon completing a wage adjustment calculation, forthwith prepare, publish, post and distribute a wage schedule resulting therefrom. The final determination of the wage schedules shall be issued no later than the 7th day of March or September, for the May and November adjustments, respectively.

  • Third Schedule Third Schedule

  • Updated Schedules Concurrently with the delivery of the Compliance Certificate referred to in Section 6.02(a), the following updated Schedules to this Agreement (which may be attached to the Compliance Certificate) to the extent required to make the representation related to such Schedule true and correct as of the date of such Compliance Certificate: Schedules 1.01(c), 5.10, 5.20(a), 5.20(b), 5.21(b), 5.21(c), 5.21(d)(i), 5.21(d)(ii), 5.21(e), 5.21(f), 5.21(g) and 5.21(h).

  • 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.