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Contractors incorporate the IDC Comments. The PM shall implement such measures as directed or authorized by the CITY. 1.1.3 Bid Alternates. The PM will assist in looking for opportunities for bid alternates and provide input in packaging bid alternates. Once approved by the CITY, PM will work with Architect ensure these are clearly identified in the bid documents. PM will ensure that the bid form includes the bid alternates. 1.2 Project Budget - General. The PM shall review the CITY's project budget, review estimates of construction costs prepared by others, review the Project program, design documents, CITY services relocation plan, FF&E items, permit fees, design services, inspection services, contingencies, and other identified Project related costs. PM shall develop a comprehensive project budget for CITY review and acceptance. The project budget shall be used by PM and CITY throughout the Project and shall be updated by PM as costs change or become actual costs, with the monthly progress report, and as directed by the CITY. 1.2.1 Project Budget - Review and Acceptance. The PM shall review the CITY established Project Budget and Architect's cost estimate for the Project. (i) If the PM does not believe it needs modification, the PM shall notify the CITY in writing of this. (ii) If the PM believes that the Project Budget is inaccurate, the PM shall notify the CITY in writing of such determination, along with recommendations for budget adjustment or modification of project requirements so that the costs to construct the Project conforms to the CITY's budgeted requirement. a. In such event, the PM shall work with the CITY to balance budget with requirements. b. The process to align the budget with requirements shall continue until it is mutually agreed that the Project Budget is acceptable. (iii) Upon the mutual agreement of the construction budget and the Project requirements, the basic services of the PM and the PM's obligations hereunder include without limitation, using the PM's best efforts to ensure that design, bidding and construction of the Project are completed in conformity to the construction budget and the Project requirements. 1.2.2 Project Budget - Verification of Others' Construction Cost Estimate. The PM shall review the Construction Cost Estimate for the Project prepared by others. Such review shall include, without limitation, confirmation by the PM that the Construction Cost Estimate: (i) accurately and completely reflect the scope of work depicted in the then existing design documents for the Project; (ii) reflect the then current local marketplace prices for labor, materials and other items or services necessary for completing construction of the Project in accordance with the then existing design documents for the Project; and, (iii) conformity within five percent (5%) of the construction budget for the Project. If the PM determines that it cannot confirm any of the foregoing, the PM shall notify the REV: 08-21-19 PR