Hard Costs definition

Hard Costs means all costs and expenses payable for supplies, materials, labor and profit with respect to the Improvements under any Construction Contract.

Hard Costs means and includes building Acquisition costs, Site Work costs and Construction and Rehab costs, as shown in the Applicant’s properly completed UniApp, Section C, Uses of Funds.

Hard Costs means, with respect to the purchase by Borrower of an item of Eligible New Equipment, the net cash amount actually paid to acquire title to such item, net of all incentives, trade-in allowances, discounts and rebates, and exclusive of freight, delivery charges, installation costs and charges, software costs, charges and fees, warranty costs, taxes, insurance and other incidental costs or expenses and all indirect costs or expenses of any kind.

Examples of Hard Costs in a sentence

• Eligible Building Costs will exclude structured parking or commercial space that is not included in Eligible Basis, and voluntary Eligible Hard Costs will include general contractor overhead, profit, and general requirements.

• The sum of Direct Hard Costs, Soft Costs, and (if the Agreement provides for one) the General Conditions Fee, unless a different definition is provided in the Agreement.

• When both additions and credits are involved in any one change, the change in the Contractor Fee (if the same is a percentage of the Direct Hard Costs) shall be figured on the basis of the net increase or decrease, if any.

• Hard Costs do not include Acquisition Costs, Builder Profit, Builder Overhead, Developer Fees or Soft Costs (such as architectural, engineering, consultant, legal fees, etc).

• Additional fees for ineligible costs will be limited to the same percentage of ineligible Hard Costs but will not be included in Eligible Basis.

More Definitions of Hard Costs

Hard Costs means the aggregate costs of all labor, materials, equipment and fixtures necessary for completion of construction of the Improvements, as more particularly set forth in the Project Budget.

Hard Costs means the cost of the work specified in a construction contract, including site work, excluding contractor profit, general requirements and contractor overhead.

Hard Costs means all items under the category heading “Hard Cost” in the Total Project Budget. Notwithstanding the foregoing, in no event shall taxes, insurance premiums, Debt Service Shortfalls or any operating deficits of the Company or Owner constitute Hard Costs.

Hard Costs means, collectively, the costs and expenses and items thereof set forth in the Budget as Hard Costs with respect to the acquisition of the Project and with respect to supplying goods, services, materials and labor for the Construction of the Project.

Hard Costs means those Building Loan Costs which are for labor, materials, equipment and fixtures.

Hard Costs means the aggregate costs of all construction materials, direct labor charges, general contractor fees (without overhead and profit) relating to all site work, grading and utility connections.

Hard Costs means the Project Costs set forth in the Project Budget under (a) the "Hard Cost Construction Contingency" Line Item under the "Construction Contingency" Line Item Category, together with (b) the following other Line Item Categories: