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<br /> Z 8/Vt <br /> 3) Construction Con-tro! Schedule. A computerized, CPM <br /> construction control schedule will be developed. Each <br /> construction contractor will be required to develop the <br /> detailed construction schedule within the framework of <br /> the MCS. <br /> e. Cost Estimating, Cash Flows, and Budgets. Prepare th,e Project <br /> cost estimate. The Project cost estimate will be developed in the <br /> -- following steps, as the Project evolves: <br /> 1) A preliminary cost estimate of the total construction <br /> costs of the Project will be prepared to indicate costs <br /> by contract accounts. <br /> 2) A revised preliminary opinion of probable costs will be <br /> developed after design parameters have been <br /> sufficiently established to further define contract <br /> accounts. This estimate would follow completion of <br /> the preliminary design and will be performed by the <br /> Design Engineer. This opinion of cost will be used in <br /> the initial value engineering review. <br /> ~ <br /> 3) Preliminary opinions of probable costs will be revised <br /> as necessary to evaluate engineering alternatives, <br /> optimize designs, and to assist in equipment selection <br /> evaluation. <br /> 4) After construction contracts have been completed, a <br /> detailed opinion of probable construction costs will be <br /> developed prior to advertisement. This estimate will <br /> be periodically updated to include cost of contract <br /> change orders. <br /> 5) A cash flow forecast will be prepared for each update <br /> of the Project estimate. The cash flow will be <br /> coordinated with the MCS schedule. <br /> f. Project Information Management System. Establish a Project <br /> information system that will support the needs of engineering and <br /> will supply timely information for construction management. The <br /> system will be a computerized management tool. The typical <br /> scope of the system will include the following items: <br /> A-3 <br />