In the context of a School Facilities Project, "CCE" refers to the estimated cost of construction at the time of the bid. It is a critical component of the overall project budget and is used to determine the cost of the project to be undertaken by the contractor.

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The CCE is a detailed estimate that includes all of the costs associated with the construction of the School Facilities Project, including materials, labor, and equipment costs. However, it does not include other types of costs such as permits, acquisition of land, furnishings, contingencies, professional fees, financing costs, and any other similar types of costs.

The responsibility of preparing the CCE lies with the Design Consultant who is engaged for the project. The Design Consultant is expected to prepare the CCE in accordance with the Agreement, and they are required to continually update the CCE throughout the design process of the School Facilities Project.

The CCE is an essential tool in determining the project budget, and it is typically used as a basis for bid proposals by contractors. The CCE helps the project team to determine if the project is financially viable and if it can be completed within the allocated budget.

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In addition to the CCE, the Design Consultant is responsible for preparing and updating the cost estimate for the School Facilities Project. The cost estimate provides a comprehensive estimate of the total cost of the project, including all costs associated with construction, permits, land acquisition, furnishings, contingencies, professional fees, financing costs, and other similar types of costs.

The cost estimate is typically used to track the actual costs of the project during the construction phase and to ensure that the project remains within the allocated budget. The cost estimate is also used to identify potential cost overruns and to develop strategies to address these issues.

In conclusion, the CCE is a critical component of the School Facilities Project and serves as a guide for determining the cost of the project to be undertaken by the contractor. The Design Consultant is responsible for preparing and updating the CCE throughout the design process, and it is continually used to determine the project budget and to ensure that the project remains within the allocated budget.

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