Construction Allowance Clause Samples
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Construction Allowance. (a) Landlord shall provide to Tenant a construction allowance not to exceed $135.00 per rentable square foot in the Relocation Premises (the “Construction Allowance”) to be applied toward the Total Construction Costs, as adjusted for any changes to the Tenant Work. If the Total Construction Costs are estimated to exceed the Construction Allowance by more than $5.00 per rentable square foot of the Relocation Premises, then no advance of the Construction Allowance shall be made by Landlord until Tenant has first paid to the contractor from its own funds (and provided reasonable evidence thereof to Landlord) the anticipated amount by which the projected Total Construction Costs exceed the amount of the Construction Allowance. Thereafter, Landlord shall pay to Tenant (or at Tenant’s request directly to Tenant’s general contractor) the Construction Allowance in multiple disbursements (but not more than once in any calendar month) following the receipt by Landlord of the following items: (i) a request for payment and sworn statements of Tenant and contractor, (ii) final or partial lien waivers, as the case may be, from all persons performing work or supplying or fabricating materials for the Tenant Work, fully executed, acknowledged and in recordable form, which waivers may be conditioned upon receipt of payment, (iii) the Architect’s certification that the Tenant Work for which reimbursement has been requested has been finally completed, including (with respect to the last application for payment only) any punch-list items, on the appropriate AIA form or another form approved by Landlord, and, (iv) with respect to the disbursement of the last 10% of the Construction Allowance, (1) the permanent certificate of occupancy issued for the Relocation Premises, if required by applicable law, (2) the record drawing in CAD format, PDF format and hard copy required by Section 5 above, and (3) an estoppel certificate confirming such factual matters as Landlord or Landlord’s Mortgagee may reasonably request (collectively, a “Completed Application for Payment”). Landlord shall pay the amount requested in the applicable Completed Application for Payment to Tenant within 30 days following Tenant’s submission of the Completed Application for Payment. If, however, the Completed Application for Payment is incomplete or incorrect, Landlord shall promptly notify Tenant of the same and Landlord’s payment of such request shall be deferred until 30 days following Landlord’s receipt o...
Construction Allowance. The costs and expenses for Landlord's Work based on the Approved Plans are subject to either a Fixed Price Construction Allowance or a Cost Plus Construction Allowance as set forth in the SLP. In either event, Landlord shall be responsible for all cost overruns in excess of the applicable Construction Allowance, and the same shall not be billed to School or increase the Base Rent to be paid by School. If the Cost Plus Construction Allowance applies, Landlord shall provide School monthly during the construction of Landlord's Work with all invoices and bills for materials and labor related to Landlord's Work. The following costs and expenses shall be included in the cost of Landlord's Work (collectively "Cost of Work"):
a. Salaries or wages of all labor including foremen, mechanics, drivers, sub- contractors, laborers, and all others necessary for the proper conduct of the work and for the time employed on the work, together with any Social Security and taxes in connection with such labor.
b. Disbursements made and obligations incurred for or in connection with the furnishing, delivery and installation of all materials, structural accessories, machinery, equipment and other items required to be furnished and done hereunder; also for and in connection with the construction equipment and maintenance at the site of the work, and elsewhere as required; and for or in connection with all insurance, bonds, fees, royalties and permits.
c. Disbursements made and obligations incurred pursuant to subcontracts made hereunder, less all counter charges collected from subcontractors.
d. All utilities utilized during the Landlord's Work.
e. All loading and unloading, express and freight delivery charges.
f. Disbursements for materials or supplies furnished from Landlord's stock which shall be charged to the work at a fair market price.
g. All costs of capital employed and money borrowed.
h. All surveys, inspections and tests of the site.
i. All necessary approvals, easements, assessments and charges required for the construction, use or occupancy of permanent structures or permanent changes in existing facilities. The term Cost of Work shall not include salaries of Landlord's officers or salaries of any Person employed in the office of Landlord. Landlord's overhead or general expenses of any kind related to Landlord's Work and Landlord's profit shall not be deemed a Cost of Work, but rather are incorporated within the Cost Plus Percentage as set forth in the SLP.
Construction Allowance. Sublessor shall provide to Sublessee a construction allowance not to exceed $20.00 per square foot of the Building (as determined in accordance with the Measurement Method) (the “Construction Allowance”) to be applied toward the cost of the Sublessee’s Improvements. The Construction Allowance shall not be disbursed to Sublessee in cash, but shall be applied by Sublessor to the payment of the costs of Sublessee’s Improvements. In no event shall any portion of the Construction Allowance be used by Sublessor for design, engineering, construction or other costs associated with the base building, landscaping, utilities, Common Facilities or any other site improvements, or any other costs not directly associated with the Sublessee’s Improvements.
Construction Allowance. Construction Allowance" means the allowance, consisting of all Construction Advances and Carrying Costs, which is to be provided by Landlord for the construction of the Designated Improvements as more particularly described in Paragraph 6 below. (ab)
Construction Allowance. (i) In addition to the appropriate rate of pay prescribed in Schedule A - Salaries of this Agreement, an employee shall be paid -
(1) $43.10 per week if engaged on the construction of a large industrial undertaking or any large civil engineering project;
(2) $38.80 per week if engaged on a multi-storey building but only until the exterior walls have been erected, the windows completed and a lift made available to carry the employee between the ground floor and the floor upon which the employee is required to work. A “multi- storey building” is a building which, when completed, shall consist of at least five stories.
(3) $22.90 per week if engaged otherwise on Construction Work.
(ii) The rates specified in subclause 24.1(e)(i) shall be discounted by $17.80 per week, the amount of the commuted allowance granted under subclause 24.1(a).
Construction Allowance. Landlord will contribute a sum not to exceed $2.67 per RSF in the Expansion Space (the "CONSTRUCTION ALLOWANCE"), towards the cost of constructing the Work (as defined below) in accordance with this Construction Agreement. Payments shall be made directly to Landlord's contractor performing the Work. The cost of all space planning, design, consulting or review services and construction drawings shall be included in the cost of the Work and may be paid out of the Construction Allowance, to the extent sufficient funds are available for such purpose.
Construction Allowance. (a) In addition to the rates and allowances otherwise prescribed by this Agreement (except as provided) an employee working on;
(i) Building construction work (as defined); or
(ii) Reconstruction, alteration, repair and/or maintenance work (as defined) shall be paid an allowance at the rate of $21.30 per week to compensate for the following disabilities; - climatic conditions when working in the open on all types of work; - the physical disadvantages of having to climb stairs or ladders; - dust blowing in the wind on building sites; - sloppy and muddy conditions associated with the initial stages of the erection of the building; - dirty conditions caused by the use of foam oil or from green timber; - the disability of working on all types of scaffolds other than a single plank swing scaffold or a bosun's chair; - the lack of the usual amenities associated with factory work (e.g. recreational facilities, sanitary convenience etc.); - drippings from newly poured concrete; - all other present disabilities not specifically compensated or allowed for by any other provisions of this Agreement: Where a separate "on site" or construction allowance applies on a particular project, this allowance of $21.30 per week shall be in substitution except where such allowance exceeds $21.30 when the higher amount shall be paid. Such allowance shall form part of the weekly wage in the calculation of overtime payments, annual leave pay, public holiday pay, sick pay and long service leave pay.
(b) Building construction work - For the purposes of this Agreement "building construction work" shall mean the construction of new buildings, the construction of additions to existing buildings and necessary alteration of existing buildings to make them conform to any new additions, and the demolition of buildings and shall be deemed to include all electrical work carried out during such work.
Construction Allowance. Landlord shall provide As built plans submitted by Tenant. In addition Landlord shall provide an allowance of Twenty Thousand ($20,000.00) Dollars towards Tenant’s Signage and Three Thousand ($3,000.00 ) Dollars towards Tenants data cabling/IT installationImprovements. THIS AGREEMENT, made this 1st day of August, 2019, between A▇▇ ▇▇▇▇▇▇▇▇ (herein "Landlord") and Boomer Natural Wellness, Inc a Nevada Corporation (herein "Tenant").
Construction Allowance. Landlord shall, at its cost and expense: (i) paint the interior walls of the Premises, using building standard paint in a color to be designated by Tenant from the color(s) currently in use by Landlord (and if no such color is designated by Tenant within three (3) business days of the execution and delivery of this Lease, then as designated by Landlord) and (ii) professionally clean the carpets and VCT floors within the Premises (collectively, the “Tenant Improvements”).
Construction Allowance. Landlord will contribute to the costs of performing the Tenant Improvement Work, as depicted on the Approved Working Drawings, to the extent of the lesser of (a) One Hundred Thousand Dollars ($100,000.00) or (b) the actual cost for such work (the “Construction Allowance”). Tenant shall pay all costs in excess of the Construction Allowance for the design and construction of the Tenant Improvements. Except as otherwise specified in this Work Letter, the Construction Allowance may be applied only to the payment or reimbursement of: (i) architectural fees and costs, (ii) the cost of obtaining Permits and other similar approvals; (iii) the cost of demolishing, relocating, or constructing Tenant’s clean rooms located on the Project as of the date of the Lease or included in the Space Plan, and (iv) documented costs of labor and materials incorporated into the Tenant Improvements (excluding all costs of furnishings, fixtures, equipment, signage and other personal property, including switches, servers, routers and similar data and telecommunications cabling and equipment).