Laserfiche WebLink
<br />Page 1 <br />(Exhibit F – Construction Cost Limit) <br />EJCDC E-500 Agreement Between Owner and Engineer for Professional Services. <br />Copyright © 2008 National Society of Professional Engineers for EJCDC. All rights reserved. <br /> <br />This is EXHIBIT F, consisting of pages, referred to <br />in and part of the Agreement between Owner and <br />Engineer for Professional Services dated , . <br /> <br />Construction Cost Limit <br /> <br />Paragraph 5.02 of the Agreement is supplemented to include the following agreement of the parties: <br /> <br />F5.02 Designing to Construction Cost Limit <br /> <br />A. Owner and Engineer hereby agree to a Construction Cost limit in the amount of $ . <br />B. A bidding or negotiating contingency of percent will be added to any Construction Cost limit <br />established. <br />C. The acceptance by Owner at any time during Basic Services of a revised opinion of probable <br />Construction Cost in excess of the then established Construction Cost limit will constitute a <br />corresponding increase in the Construction Cost limit. <br />D. Engineer will be permitted to determine what types and quality of materials, equipment and <br />component systems are to be included in the Drawings and Specifications. Engineer may make <br />reasonable adjustments in the scope, extent, and character of the Project to the extent consistent with <br />the Project requirements and sound engineering practices, to bring the Project within the <br />Construction Cost limit. <br />E. If the Bidding or Negotiating Phase has not commenced within three months after completion of the <br />Final Design Phase, or if industry-wide prices are changed because of unusual or unanticipated <br />events affecting the general level of prices or times of delivery in the construction industry, the <br />established Construction Cost limit will not be binding on Engineer. In such cases, Owner shall <br />consent to an adjustment in the Construction Cost limit commensurate with any applicable change <br />in the general level of prices in the construction industry between the date of completion of the Final <br />Design Phase and the date on which proposals or Bids are sought. <br />F. If the lowest bona fide proposal or Bid exceeds the established Construction Cost limit, Owner shall <br />(1) give written approval to increase such Construction Cost limit, or (2) authorize negotiating or <br />rebidding the Project within a reasonable time, or (3) cooperate in revising the Project's scope, extent, <br />or character to the extent consistent with the Project’s requirements and with sound engineering <br />practices. In the case of (3), Engineer shall modify the Contract Documents as necessary to bring <br />the Construction Cost within the Construction Cost Limit. Owner shall pay Engineer’s cost to <br />provide such modification services, including the costs of the services of its Consultants, all overhead <br />expenses reasonably related thereto, and Reimbursable Expenses, but without profit to Engineer on <br />account of such services. The providing of such services will be the limit of Engineer’s responsibility <br />in this regard and, having done so, Engineer shall be entitled to payment for services and expenses <br />in accordance with this Agreement and will not otherwise be liable for damages attributable to the <br />lowest bona fide proposal or bid exceeding the established Construction Cost limit.