Common use of Preliminary Cost Estimates Clause in Contracts

Preliminary Cost Estimates. 2.1.5.1 When the City has sufficiently identified the Project requirements and the Designer has prepared other basic design criteria, the Construction Manager shall prepare, for the review of the Designer and approval of the City, a preliminary c o s t estimate utilizing area, volume or similar conceptual estimating techniques. 2.1.5.2 When schematic design documents have been prepared by the Designer and approved by the City, the Construction Manager shall prepare, for the review of the Designer and approval of the City a more detailed estimate with supporting data. During the preparation of the design development documents, the Construction Manager shall update and refine this estimate at appropriate intervals agreed to by the City, Designer, and Construction Manager. 2.1.5.3 When design development documents have been prepared by the Designer and approved by the City, the Construction Manager shall prepare a detailed estimate with supporting data for review by the Designer and approval by the City. During the preparation of the Construction Documents the Construction Manager shall update and refine this estimate at appropriate intervals agreed to by the City, Designer, and Construction Manager. 2.1.5.4 If any estimate submitted to the City exceeds previously approved estimates or the City’s budget, the Construction Manager shall make appropriate recommendations to the City and Designer.

Preliminary Cost Estimates. 2.1.5.1 When the City has sufficiently identified the Project requirements and the Designer Architect has prepared other basic design criteria, the Construction Manager shall prepare, for the review of the Designer Architect and approval of the City, a preliminary c o s t cost estimate utilizing area, volume or similar conceptual estimating techniques. 2.1.5.2 When schematic design documents have been prepared by the Designer Architect and approved by the City, the Construction Manager shall prepare, for the review of the Designer Architect and approval of the City a more detailed estimate with supporting data. During the preparation of the design development documents, the Construction Manager shall update and refine this estimate at appropriate intervals agreed to by the City, DesignerArchitect, and Construction Manager. 2.1.5.3 When design development documents have been prepared by the Designer Architect and approved by the City, the Construction Manager shall prepare a detailed estimate with supporting data for review by the Designer Architect and approval by the City. During the preparation of the Construction Documents the Construction Manager shall update and refine this estimate at appropriate intervals agreed to by the City, DesignerArchitect, and Construction Manager. 2.1.5.4 If any estimate submitted to the City exceeds previously approved estimates or the City’s budget, the Construction Manager shall make appropriate recommendations to the City and DesignerArchitect.

Preliminary Cost Estimates. 2.1.5.1 2.2.5.1 When the City has sufficiently identified indentified the Project requirements and the Designer Design- Builder has prepared other basic design criteria, the Construction Manager Design-Builder shall prepare, for the review of the Designer and approval of the City, a preliminary c o s t cost estimate utilizing area, volume or similar conceptual estimating techniques. 2.1.5.2 2.2.5.2 When schematic design documents have been prepared by the Designer Design-Builder and approved by the City, the Construction Manager Design-Builder shall prepare, for the review of the Designer and approval of the City a more detailed estimate with supporting data. During the preparation of the design development documents, the Construction Manager Design-Builder shall update and refine this estimate at appropriate intervals agreed to by the City, Designer, City and Construction ManagerDesign-Builder. 2.1.5.3 2.2.5.3 When design development documents have been prepared by the Designer Design-Builder and approved by the City, the Construction Manager Design-Builder shall prepare a detailed estimate with supporting data for review by the Designer and approval by the City. During the preparation of the Construction Documents the Construction Manager Design-Builder shall update and refine this estimate at appropriate intervals agreed to by the City, Designer, City and Construction ManagerDesign-Builder. 2.1.5.4 2.2.5.4 If any estimate submitted to the City exceeds previously approved estimates or the City’s budget, the Construction Manager Design-Builder shall make appropriate recommendations to the City and DesignerCity.