Construction Costs. Under no circumstances shall the Consultant be liable for extra costs or other consequences due to unknown conditions or related to the failure of contractors to perform work in accordance with the plans and specifications. Consultant shall have no liability whatsoever for any costs arising out of the Client’s decision to obtain bids or proceed with construction before the Consultant has issued final, fully-approved plans and specifications. The Client acknowledges that all preliminary plans are subject to substantial revision until plans are fully approved and all permits obtained.
Construction Costs. All costs, expenses, fees, taxes and charges to construct the Tenant Improvements, including, without limitation, the following:
Construction Costs. Tenant shall pay for all construction costs, including, but not limited to permits, costs of materials and labor, sales tax, construction management fees and the like except to the extent of the Tenant Improvement Allowance which shall be paid by Landlord. The term “Tenant Improvement Allowance” shall mean the sum of $316,020.00 (or $15.00 per square foot of rentable area times 21,068 square feet of rentable area) which Landlord agrees to pay towards the construction costs. Landlord agrees to pay architectural fees and design services up to $1.25 per rentable square foot. Any services performed by the architect above the $1.25 per rentable square foot shall be the responsibility of the Tenant and may be paid out of the Tenant Improvement Allowance to the extent funds are available. Notwithstanding anything to the contrary, provided there is any unused portion of the Tenant Improvement Allowance, up to 20% of the allowance can be used by the Tenant as a moving allowance or for communications costs for cabling and data. Tenant must submit invoices for such allowances for Landlord to pay. Xxxxxx Development will act as General Contractor for the construction of tenant improvements, competitively bidding each trade to at least three subcontractors, the typical five percent (5%) construction management fee will not be charged to Tenant or deducted from the Tenant Improvement Allowance. Landlord shall obtain bids based on the Approved Pricing Plans and construct the Work as described in the Approved Pricing Plans. If after finalizing the Approved Working Drawings, it is determined that the construction costs will exceed the amount of the Tenant Improvement Allowance (an “Excess”), then Tenant shall pay to Landlord the amount of such Excess within ten (10) days of written request from Landlord. Notwithstanding anything to the contrary, if Tenant fails to pay any Excess timely, Landlord shall not be obligated to commence construction of the Work and such delay shall constitute a Tenant Delay for each day beyond the ten (10) day period until the Excess is paid to Landlord. If Tenant elects not to use Xxxxxx Development as the General Contractor, Tenant understands that Landlord, or its designated agent, shall serve as construction manager for all of Tenant’s refurbishment and renovations in the refurbishment and renovations in the Premises and the fee for such service is 5% of the total cost of all work performed in connection with such refurbishment and renovation...
Construction Costs. All units of construction necessary for the completion of the project shall be performed at no additional costs for the City unless specifically listed as a pay item.
Construction Costs. Prior to commencing the Tenant Improvement Work, General Contractor shall submit to Landlord and Tenant a written statement of the total cost of the Tenant Improvement Work as then known by General Contractor (the “Estimated Costs”). Within five (5) business days thereafter, Tenant shall deposit with Landlord’s lender, Comerica Bank, or other financial institution reasonably acceptable to Landlord and its lender, as a deposit towards Tenant’s obligations hereunder a sum equal to the amount by which the Estimated Costs exceeds the Tenant Improvement Allowance, which is anticipated to be Eight Hundred Ninety Thousand Eight Hundred Seventy Five and 00/100 Dollars ($890,875.00) (the “Initial Tenant Construction Deposit”). The Initial Tenant Construction Deposit shall be held by lender or such approved financial institution in a separate account (the “Construction Cost Escrow Account”) and disbursed in accordance with this Work Letter, such account to be interest-bearing to the extent permitted by Landlord’s lender. All costs attributable to Change Orders (as hereinafter defined) requested or approved by Tenant shall be payable by Tenant (provided that to the extent funds are available, such costs may be reimbursed from the Tenant Improvement Allowance). If at any time the total cost of the Tenant Improvement Work, as reasonably estimated by Landlord and the General Contractor, will exceed the Tenant Improvement Allowance and the Initial Tenant Construction Deposit, Tenant shall deposit such difference in the Construction Cost Escrow Account to Landlord, within ten (10) days following presentation to Tenant of an invoice for such amount that exceeds the Tenant Improvement Allowance and Initial Tenant Construction Deposit. Tenant acknowledges and agrees that any such invoice shall be based solely on an estimate of the total cost of the Tenant Improvement Work, and shall not be binding on Landlord. Landlord shall have no obligation to commence or to continue construction of the Tenant Improvement Work unless Tenant pays the Initial Tenant Construction Deposit in full and any additional required amounts under this Section 5.3 within the applicable time periods. Upon request, Landlord shall supply reasonable supporting documentation for any such invoice, in each instance within a reasonable time following such request, but Tenant shall not be entitled to delay or withhold payment of any sums invoiced by Landlord, and payment of such sums shall not be deemed a waive...
Construction Costs. After giving effect to the applicable Advance, the estimated as yet unpaid cost to the Construction Agent of completing the Construction pursuant to the Construction Documents shall not exceed the Available Commitments, net of any portion of the Available Commitments that shall be allocated for Advances deemed to have been requested pursuant to Section 4.1(c).
Construction Costs. All costs of design and construction of the Tenant Improvements, including without limitation the costs of all space planning, architectural and engineering work related thereto, all governmental and quasi-governmental approvals and permits required therefor, all demolition costs, all direct and indirect construction costs, insurance, bonds, any costs incurred by Landlord because of changes to the base Building or the base Building systems, the Construction Supervision Fee (hereinafter defined), and all other costs and expenses incurred in connection with the Tenant Improvements (collectively, “Construction Costs”), shall be paid by Tenant, subject, however, to the application of the Tenant Improvement Allowance described in Paragraph C.2 below, not previously disbursed pursuant to this Work Agreement (the “Available Allowance”).
Construction Costs. The QESP is responsible for determining construction costs and defining a budget for cost-effective ESMs, which may change during project development. Clarify design standards and the design approval process (including changes) and how costs will be reviewed.
Construction Costs. Professional has no control over the cost of labor, materials, equipment or services furnished by others, or over the contractor’s methods of determining prices, or over competitive bidding or market conditions. Professional’s opinions of probable total Project costs and construction costs are made on the basis of Professional’s experience and qualifications and represent Professional’s best judgment as an experienced and qualified Professional, familiar with the construction industry. Professional cannot and does not guarantee that proposals, bids or actual costs will not vary from opinions of probable costs prepared by Professional.
Construction Costs. The costs of labor, materials, equipment (inclusive of the Contractor’s general administrative and overhead costs/profit) necessary to complete construction of an Assigned Project.
