Preliminary Cost Estimate Sample Clauses
The Preliminary Cost Estimate clause defines the process and requirements for providing an initial projection of the total costs associated with a project or contract. Typically, this clause requires one party—often the contractor or service provider—to prepare and submit an estimate based on available information, which may include materials, labor, and other anticipated expenses. The estimate serves as a non-binding, early-stage budgetary guideline to help all parties understand the potential financial scope of the project. Its core function is to facilitate informed decision-making and planning by establishing a baseline expectation for costs before more detailed or binding figures are developed.
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Preliminary Cost Estimate. Consulting Engineer/Architect shall furnish City an estimate of probable Construction Cost based on the preliminary design. Consulting Engineer/Architect's estimate of probable Construction Cost is to be made on the basis of Consulting Engineer/Architect's experience and qualifications and represent Consulting Engineer/Architect's best judgment as an experienced and qualified design professional, familiar with the construction industry.
Preliminary Cost Estimate. The Engineer shall prepare a preliminary cost estimate for the project, including the costs of construction, required ROW and associated improvements, and eligible utility adjustments. Current State unit bid prices will be used in preparation of the estimate.
Preliminary Cost Estimate. NRCS has completed a technical evaluation of the proposed easement or 30-year contract enrollment area and developed cost estimates for all enrollment agreement related costs including the preliminary restoration plan as certified below. All costs below are estimates unless they are $0, in which case the funds have been or by the end of the current fiscal year will be procured through a federal contract or Agreement, or funds are not required. No practices will be authorized and no payments will be made from this supplement. Annual review of the obligation amount will be conducted via the Review of Open Obligations Tool (ROOT). For States Serviced by the Easement Acquisition Branch (EAB), the EAB will complete section (a) below and the State must complete section (b) below. Section (c) below will auto-populate based on the information entered in sections (a) and (b) below.
Preliminary Cost Estimate. Consultant will furnish City an estimate of probable Construction Cost based on the preliminary design and at subsequent design review submittals as specifically requested by City. Consultant's estimate of probable Construction Cost is to be made based on Consultant's experience and qualifications and represent Consultant's best judgment as an experienced and qualified design professional, familiar with the construction industry.
Preliminary Cost Estimate. The Engineer shall develop a preliminary cost estimate using the Average Low Bid Unit Price. The Engineer shall estimate the total project cost including preliminary engineering, final engineering, right-of-way (ROW) acquisition, environmental compliance and mitigation, construction, utility relocation, and construction engineering inspection (CEI).
Preliminary Cost Estimate. The Engineer shall prepare a preliminary cost estimate for the project, including the costs of construction, required ROW and associated improvements, and eligible utility adjustments. Current DocuSign Envelope ID: 81680129-218F-4A62-86EE-68C3C135A630 State unit bid prices will be used in preparation of the estimate.
Preliminary Cost Estimate. (a) The Generator has provided to the Counterparty, prior to the date hereof, a preliminary Basis of Estimate Report for the First Unit. Such preliminary Basis of Estimate Report consists of a detailed breakdown of the estimated costs for the Refurbishment Work and the applicable One-Time Costs for the First Unit and describes the basis for the costs for each work breakdown item and the risk associated with that cost. The preliminary Basis of Estimate Report also includes a detailed work plan to develop the Fully-Scoped Refurbishment Cost and the Fully-Scoped Refurbishment Duration by the scheduled Refurbishment Lock-in Date of the First Unit. The Counterparty acknowledges receipt of such preliminary Basis of Estimate Report in form and scope acceptable to it. On or prior to December 31 of each year after the Effective Time and prior to the Refurbishment Lock-in Date of the First Unit, the Generator will update such preliminary Basis of Estimate Report and work plan for such Unit and will deliver to the Counterparty an updated Base Estimate and Contingency determined in accordance with Section 2.6 for the Refurbishment Work for such Unit.
(b) Not later than thirty-six (36) months prior to the Scheduled Refurbishment Outage Date of each Unit to be Refurbished after the First Unit, the Generator will deliver to the Counterparty a Base Estimate and Contingency determined in accordance with Section 2.6, for the Refurbishment Work for such Unit. This estimate will consist of a detailed breakdown of the estimated costs for the Refurbishment Work and the applicable One-Time Costs for such Unit, including a preliminary Basis of Estimate Report that clearly describes the basis for the costs for each work breakdown item and the risk associated with that cost. Such estimate will also include a detailed work plan to develop the Fully-Scoped Refurbishment Cost and the Fully-Scoped Refurbishment Duration by the scheduled Refurbishment Lock-in Date of such Unit. On or prior to each anniversary of the date on which the preliminary Basis of Estimate Report is delivered in respect of each subsequent Unit to be Refurbished after the First Unit, until the Refurbishment Lock-in Date of such Unit, the Generator will deliver to the Counterparty an update of the preliminary Basis of Estimate Report and plan for developing the Fully-Scoped Refurbishment Cost and the Fully-Scoped Refurbishment Duration for such Unit.
(c) During the preparation of any Basis of Estimate Report or upd...
Preliminary Cost Estimate. The term "Preliminary Cost Estimate" ------------------------- shall mean an estimate of Improvement Costs for the Interior Improvements based upon initial or revised preliminary plans and specifications for the Interior Improvements.
Preliminary Cost Estimate. Prepare a preliminary cost estimate for the approved preliminary plan. The cost estimate shall include for on-site and off-site construction cost estimates Construction Contractor Overhead and Profit, and an Estimating Contingency but shall exclude the following: professional service fees; plan check fees; public works plan check and inspection fees; utility application fees; utility connection charges; engineering; testing, project contingencies, and FF&E (furniture, fixtures and equipment).
Preliminary Cost Estimate. Attached hereto as Exhibit C is a preliminary estimate of the Reimbursable Project Costs. Such preliminary estimate (1) is intended only to provide the Parties with a rough estimate of the Reimbursable Project Costs, (2) is not binding on either Party, and (3) has no effect on the determination of the Guaranteed Maximum Price. The actual Guaranteed Maximum Price for the Reimbursable Project Costs shall be established as provided herein.