Direct Construction Cost definition

Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.
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Direct Construction Cost shall have the meaning set forth in Article 11.
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Direct Construction Cost means the cost to the Owner of all divisions of construction, including portable equipment only if designed or specified by the Architect for inclusion in the construction specifications.
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Examples of Direct Construction Cost in a sentence

  • Direct Construction Cost includes only the cost categories set forth in this Article and does not include the Pre-Construction Phase Fees or the Construction Phase Fees unless specifically noted.

  • Direct Construction Cost means the sum of the amounts that the CM actually and necessarily incurs constructing the Work in compliance with the Contract Documents.

  • That portion of those costs of a subcontractor default insurance program (including premium costs) and cost associated with payment and performance bonds obtained from Subcontractors (including premium costs) that are not reimbursable as Direct Construction Cost under Article 13 above or the Special Conditions shall be included in the Construction Phase Fee.

  • Direct Construction Cost means the sum of the amounts that Contractor actually and necessarily incurs constructing the Project in strict compliance with the Construction Documents.

  • References in the UGC to adjustments in “cost” or “costs” mean the Direct Construction Cost.

  • References in the UGSC to adjustments in “cost” or “costs” mean the Direct Construction Cost.

  • Per SF $155.85 $149.98 $178.35 Direct Construction Cost SF $65.67 $64.00 $71.17 INCOME SUMMARY BY PRODUCT AVERAGE PER HOME UNIT COST OF SALES TRIPLEX DUEPLEX SINGLE FAMILY Pre Acq.

  • In order to be reimbursed as Direct Construction Cost, such bonds must name the Owner, the respective Component, and the CM as obligees, and comply with the applicable provisions of the Contract Documents, including but not limited to Article 5 of the TSUS UGC.

  • Any and all costs not specifically identified as an element of the Direct Construction Cost.

  • Notwithstanding the terms of Paragraph 13.1.7 of the Agreement, CM shall be entitled to reimbursement, as Direct Construction Cost (General Conditions Costs), the actual premium costs for performance and payment bonds furnished by Subcontractors whose subcontract amounts exceed Five Hundred Dollars ($500,000), or as otherwise approved in advance by the Owner in writing, in its sole discretion.


More Definitions of Direct Construction Cost

Direct Construction Cost means the sum of the amounts that Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work, and Construction Manager’s Contingency during the Construction Phase as allowed by this Contract. Direct Construction Costs does not include Pre-Construction Phase Fees or Construction Phase Fees.
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Direct Construction Cost means the sum of the amounts that Design-build Firm actually and necessarily incurs for General Requirements, General Conditions, and Cost of the Work during the Construction as allowed by this Agreement. Direct Construction Cost does not include Preconstruction phase fees or Construction Services fees.
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Direct Construction Cost means the cost to the Owner of all divisions of construction, including portable equipment only if designed or specified by the Design Professional for inclusion in the construction specifications.
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Direct Construction Cost is the sum of all applicable Construction General Conditions costs, Subcontractor costs, costs of self-performed work (if approved in writing in advance by Owner), Allowances and Contingencies.
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Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General
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Direct Construction Cost means the Cost of the Work plus the general conditions costs, but with no fee added.
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Related to Direct Construction Cost

  • Estimated Construction Cost or “ECC” means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • New construction means, for the purposes of determining insurance rates, structures for which the "start of construction" commenced on or after the effective date of an initial FIRM or after December 31, 1974, whichever is later, and includes any subsequent improvements to such structures. For floodplain management purposes, "new construction" means structures for which the "start of construction" commenced on or after the effective date of the floodplain management regulations adopted by a community and includes any subsequent improvements to such structures.

  • construction site means a workplace where construction work is being performed;

  • Construction and demolition debris means and includes:

  • Construction Work means any work in connection with⎯

  • The constructional plant means all appliances, tools, plants or machinery or whatsoever nature required in or about the execution, completion or maintenance of the works but does not include materials or other things intended to form part of the permanent work.

  • Construction Works means all works and things necessary to complete the Project in accordance with this Agreement;

  • Commence Construction means that an owner or operator has either undertaken a continuous program of construction or has entered into a contractual obligation to undertake and complete, within a reasonable time, a continuous program of construction.

  • Pipeline Construction means a substantial disturbance to agricultural land associated with installation, replacement, removal, operation or maintenance of a pipeline, but shall not include work performed during an emergency. Emergency means a condition where there is clear and immediate danger to life or health, or essential services, or a potentially significant loss of property. When the emergency condition ends, pipeline construction will be in accordance with these rules.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Pre-Construction Phase Services means the participation, documentation and execution of Contractor’s Pre-Construction Phase deliverables as required by this Agreement and further defined in Article 5.

  • Existing construction means any structure for which the "start of construction" commenced before the effective date of the initial floodplain management code or ordinance adopted by the community as a basis for that community's participation in the NFIP.