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City of Sunny Isles Beach 18070 Collins Avenue, Sunny Isles Beach, Florida 33160 <br /> (305) 947-0606 phone (305) 949-3113 Fax <br /> (3) Construction Cost does not include the compensation of the Architect and the <br /> Architect's consultants, the cost of the land, rights-of-way, contingencies for <br /> changes in the Work,or other costs which are the responsibility of the Owner. <br /> 7.2 RESPONSIBILITY FOR CONSTRUCTION COST <br /> (1) The Architect,as a design professional familiar with the construction industry,shall <br /> assist the Contractor in evaluating the Owner's Construction Budget, and shall <br /> review the estimates of Construction Cost prepared by the Contractor. It is <br /> recognized,however,that neither the Architect,nor the Owner has control over the <br /> cost of labor,materials or equipment, over the Contractors' method of determining <br /> Bid prices, or over competitive bidding, market or negotiating conditions. <br /> Accordingly, the Architect cannot and does not warrant or represent that Bids or <br /> negotiated prices will not vary from the construction budget proposed,established <br /> or approved by the Owner, or from the estimate of Construction Cost or other cost <br /> estimate or evaluation prepared.by the Contractor. <br /> (2) No fixed limit of Construction Cost shall be established as a condition of this <br /> Agreement by the furnishing,proposal,or establishment of a Project budget,unless <br /> such fixed limit has been agreed upon. If such a fixed limit has been established, <br /> the Contractor will include contingencies for design, bidding and price escalation <br /> and the Contractor will consult with the Architect to determine what materials, <br /> equipment,component systems and types of construction are,to be included in the <br /> Contract Documents, to make reasonable adjustments in the scope of the Project, <br /> and to include in the Contract Documents alternate Bids to adjust the Construction <br /> Cost to the fixed limit. <br /> (3) If Bids are not received within the time scheduled at the time the fixed limit of <br /> Construction Cost was established due to causes beyond the Architect's control, <br /> any fixed limit of Construction Cost established as a condition-of this Agreement <br /> shall be adjusted to reflect any change in the general level of prices in the <br /> construction industry between the originally scheduled date and the date on which <br /> Bids are received. <br /> (4) If a fixed limit of Construction Cost is exceeded by the sum of the lowest figures <br /> from bona fide Bids of negotiated proposals,plus the Contractor's estimate of other <br /> elements of Construction Cost for the Projects, the Owner shall (1) give written <br /> approval of an increase in such fixed limit, (2) authorize rebidding or renegotiation <br /> of the Project or portions of the.Project within a reasonable time, or (3) cooperate <br /> in revising the Project scope and quality as required to reduce the Construction <br /> Cost. In the case of Item (3) the Architect shall modify the Drawings and <br /> 6009-062 PERKINS&WILL ARCHITECTS INC. 15 <br /> 8118 $ • <br />