Target Cost and Milestones for ICL Distribution. The PMT will establish the Target Cost based on Implementation Documents and incorporate the Target Cost breakdown into the Project Objective as Exhibit B-2 through Amendment to the Agreement. The Target Cost cannot exceed the Owner's Budget and must include any Added Value Incentive Items elected by Owner and incorporated by the PMT during the Design/Preconstruction Phase. All ICL Milestone distributions will be measured against the Target Cost.
Appears in 3 contracts
Sources: Integrated Project Delivery Agreement, Integrated Project Delivery Agreement, Integrated Project Delivery Agreement