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VUI.UJIIY.II CI IVCIUpC IL).UUULJ I LJOr'I�LUC'•}L I U-MJLJU'LJD0r J IJUUUCMI, <br /> 3.4.2 The Cost Model shall be used by all entities to develop Independent Cost Estimates and OPCCs <br /> at each agreed upon Milestone and when each LLTP CAP and Construction CAP proposal is <br /> submitted. <br /> 3.4.3 Each LLTP CAP and Construction CAP proposal will be submitted in a form acceptable to the <br /> Principal Representative. <br /> 3.4.4 OPCC: When preparing any OPCC and in development of the Schedule of Bid Items, such <br /> documents shall include, without duplication: <br /> 1. The cost of all labor, materials, equipment, bond premiums, and actual costs of <br /> procurement or construction that the Contractor will use for the duration of such LLTP <br /> Phase or Construction Phase to complete the Work. <br /> 2. General Conditions and whether or not incorporated or to be incorporated in the Work. <br /> 3. The Contractor shall list indirect costs for each item or in a separate list. The Principal <br /> Representative will review and approve the list of costs at each OPCC. <br /> 4. Each OPCC shall be produced in an open book process through the Preconstruction <br /> Phase of the Project so that the Principal Representative, the Design Consultant, and <br /> the Independent Cost Estimator can make accurate assumptions, calculate prices, and <br /> determine the amount of risk in the Project. <br /> 5. The Contractor's compensation for CM/GC Services and any LLTP and the cost of Work <br /> provided by the Contractor pursuant to this Agreement. <br /> 6. For each OPCC required for the Work, the Contractor shall acquire multiple quotes from <br /> potential Subcontractors and Suppliers. This information shall be shared in the open Cost <br /> Model and the Contractor shall allow their potential Suppliers and Subcontractors to share <br /> their information, quotes, and product data with the ICE, the Principal Representative, and <br /> the Design Consultant. <br /> 3.4.5 No OPCC shall include the compensation of the Design Consultant, the Design Consultant's sub- <br /> consultants or any other sums due the Design Consultant, the costs of land, right of way,financing <br /> or any other costs which are the responsibility of the Principal Representative. <br /> 3.4.6 The Contractor, in preparing its OPCC and providing each LLTP CAP and Construction CAP <br /> proposal, shall consult with the Design Consultant to determine what materials, equipment, labor, <br /> and types of construction are to be included in the Contract Documents, to make reasonable <br /> adjustments in the scope of the Work, and to include in the Contract Documents alternate items, <br /> as approved by the Principal Representative in writing, for bid so as to permit the adjustment of <br /> the OPCC. <br /> The Contractor shall prepare an OPCC as soon as major Project requirements have been <br /> identified and update it periodically. For each FIR, the Contractor shall prepare an OPCC and <br /> update periodically. During each FOR, the Contractor shall prepare a final OPCC in preparation <br /> for each LLTP CAP and Construction CAP proposal and update periodically.All OPCC shall make <br /> allowance for price escalation. During the final Preconstruction Phase, the Contractor shall <br /> continually monitor the cost estimates and develop an OPCC to help assure that the cost of the <br /> Work remains within the applicable portion of the Fixed Limit of Construction Cost and LLTP CAP <br /> or Construction CAP, as applicable. <br /> 3.4.7 Each OPCC shall be independently prepared but in coordination with the Principal Representative <br /> and the ICE. Estimates shall be based on quantitative takeoffs whenever possible and shall be <br /> supported in sufficient depth and organization to be used in preparing budgets based on funding <br /> Page 14 of 75 <br />