O-2002-2602 - Laserfiche WebLink

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e e SECTION 6 - CONSTRUCTION COST AND OPINIONS OF COST 6.1 CONSTRUCTION COST The construction cost of the entire Project (herein referred to as "Construction Cost") means the total cost to Owner of those portions of the entire Project designed and specified by Engineer, but it will not include Engineer's compensation and expenses, the cost of land, rights-of-way, or compensation for or damages to properties, nor will it include Owner's legal, accounting, insurance counseling or auditing services, or interest and financing charges incurred in connection with the Project or the cost of other services to be provided by others to Owner pursuant to paragraphs 3.7 through 3.11, inclusive. (Construction Cost is one of the items comprising Total project Costs which is defined in paragraph 1.2.4.) 6.2 OPINIONS OF COST 6.2.1 Since the Engineer has no control over the cost of labor, materials, equipment or services furnished by others, or over the Contractor(s)' methods of determining prices, or over competitive bidding or market conditions, Engineer's best judgment as an experienced and qualified professional, familiar with the construction industry; but Engineer cannot and does not guarantee that proposals, bids or actual Total Project or Construction Costs will not vary from opinions of probable cost prepared by Engineer. If prior to the Bidding or Negotiating Phase Owner wishes greater assurance as to Total Project or Construction Costs, Owner shall employ an independent cost estimator as provided in paragraph 3.9. 6.2.2 If a Construction Cost limit is established by written agreement between Owner and Engineer and specifically set forth in this Agreement as a condition thereto, the following will apply: 6.2.2.1 The acceptance by Owner at any time during the Basic Services of a revised opinion of probable Total Project or Construction Costs in excess of the then established cost limit will constitute a corresponding revision in the Construction Cost limit to the extent indicated in such revised opinion. 6.2.2.2 Any Construction Cost limit so established will include a contingency of four percent (4%) unless another amount is agreed upon in writing. 6.2.2.3 Engineer will be permitted to determine what types of materials, equipment and component systems are to be included in the Drawings and Specifications and to make reasonable adjustments in the general scope, extent and character of the Project to