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PERKINS +WILL I I City of Sunny Isles Beach 18070 Collins Avenue,Sunny Isles Beach,Florida 33160 (305)947-0606 phone(305)949-3113 Fax CONSTRUCTION COST 7,1 DEFINITION (1) The Construction Cost shall be the total cost or estimated cost to the Owner of all elements of the Project designed or specified by the Architect. The construction cost shall not exceed the Owner's Construction Budget. The Owner's construction111 budget is set forth in Article 1 and Exhibit"B''. (2) The Construction Cost shall also,include the cost of labor and materials furnished by the Owner and any equipment which has been designed,specified, selected or specially provided for by the Architect. It shall also include the Contractor's compensation for services, Reimbursable Costs and the cost of work provided by the Contractor. (3) Construction Cost does not include the compensation of the Architect and the Architect's consultants, the cost of the land, rights-of-way, contingencies for changes in the Work,or other costs which are the responsibility of the Owner. 7.2 RESPONSIBILITY FOR CONSTRUCTION COST t, (1) The Architect,as a design professional familiar with the construction industry,shall assist the Contractor in evaluating the Owner's Construction Budget, and shall review the estimates of Construction Cost prepared by the Contractor. It is recognized,however,that neither the.Architect,nor the Owner has control over the cost of labor,materials or equipment,over the Contractors' method of determining Bid prices, or over competitive bidding, market or negotiating conditions. Accordingly, the Architect cannot and does not warrant or represent that Bids or negotiated prices will not vary from the construction budget proposed,established or approved by the Owner,or from the estimate of Construction Cost or other cost estimate or evaluation prepared by the Contractor. (2) No fixed limit of Construction Cost shall be established as a condition of this Agreement by the furnishing,proposal,or establishment of a Project budget,unless such fixed limit has been agreed upon. If such a fixed limit has been established, the Contractor will include contingencies for design, bidding and price escalation and the Contractor will consult with the Architect to determine what materials, equipment,component systems and types of construction are to be included in the Contract Documents,to make reasonable adjustments in the scope of the Project, and to include in the Contract Documents alternate Bids to adjust the Construction Cost to the fixed limit. C1415- PERKINS&WILL ARCHITECTS INC. 14 111 142 Sunny Isles Government Center Lobby+Gateway Park Build-Out