Res 2004-155 - Laserfiche WebLink

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I I I ARTICLE 3 CONSTRUCTION COST 3.1 DEFINITION 3.1.1 The construction cost will be the total cost or estimated cost to the CIty of all elements of the Project desIgned or specified by the Engineer. 3 1.2 The construction cost will include at current market rates, including a reasonable allowance for overhead and profit, the cost of any equipment which has been deSIgned, specified, selected or specIally provIded for by the Engineer, except that used materials and equipment will be Included as if purchased new for the ProJect. 3.1.3 Construction cost does not include the compensation of the Engmeer and the Engmeer's consultants, or other costs whIch are the responsibIlIty of the CIty as provided III AI11cle :2 3.2 RESPONSIBILITY FOR CONSTRUCTION COST 3.2.1 EvaluatIOns of the CIty'S Project budget and detaIled cost estimates, if any, prepared by the Engineer, will represent the Engineer's best Judgment as a design professional familiar WIth the constructIOn Industry. 3.2.2 A fixed limit of construction cost for this Project will be establIshed by the CIty'S representative after consulting with the Engineer. The Engineer will be permitted to mclude contingencies for design, bidding and price escalatIOn, to determine what materials, eqll1pment, and types of construction are to be included in the constructIOn contract documents, to make reasonable adjustments in the scope of the Project and to include In the constructIOn contract documents alternate bids to adjust the constructIOn cost to the fixed lImit. The fixed limIt of construction cost may be increased by the City 3.2.3 If the lowest bona fide bid exceeds the Engineer's most recent approved cost estImate established as a condItion of this Agreement, the CIty will (1) give WrItten approval of an increase m such fixed limit, (2) authonze re-bidding of the Project wlthm a reasonable tIme, or (3) cooperate In revising the Project scope and qualIty to reduce the constructlon cost Durlllg the development of the Project through the phases descnbed by Article I of thIS Agreement and pnor to the CIty'S final approval of constructIOn contract documents, the Engllleer \\J1lmonllm the established probable constructIOn cost In relation to the establIshed fixed lImIt. If necessary, the Engineer will implement constructIon cost saVIngs measures or otherwise endeavor to limit probable construction cost to the level of aVaIlable funds set by the City. ARTICLE 4 REIMBURSABLE EXPENSES. 4.1 Reimbursable expenses, including such things as expenses for mileage, printing and plan 10