Project Allowances Sample Clauses
The Project Allowances clause defines specific sums of money set aside within a project budget to cover anticipated but not yet fully specified costs. These allowances are typically used for items or services where the exact details or quantities are unknown at the time of contract signing, such as fixtures, materials, or specialized labor. By including project allowances, the clause provides flexibility for both parties to address uncertainties in project scope, ensuring that the budget can accommodate necessary adjustments without requiring a full contract renegotiation.
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Project Allowances. This First Amendment increases the Project Allowances to account for:
a. An increase in reproduction costs associated with addition of a multiple-phased Project;
b. An anticipated increase in costs associated with anticipated Non-Destructive and Destructive Testing and repairs;
c. An anticipated increase in costs for the required Site Survey;
d. An increase for costs associated with Structural Rational Analysis and X-Ray Surveying; and
e. An increase in Geotechnical Services costs. Basic Services $910,000 $686,000 $1,596,000 Allowances $55,000 $55,000 $110,000 Supplemental Services $0 $28,950 $28,950 5. Fixed Limit of Construction Cost (“FLCC”). This First Amendment increases the estimated FLCC of the Project, which includes the classroom addition and renovation to the existing facility to $19,200,000. The Agreement initially established a FLCC of $9,320,892, which is insufficient to accomplish the required scope of work on the Project. The actual FLCC will be determined by local market conditions when all GMP Amendments have been received, evaluated and approved by the School Board.
Project Allowances. The parties acknowledge that the Fixed Design-Build Price contains an allowance in the aggregate amount of $410,000 (the “Project Allowance”) for certain portions of the Design-Build Work identified in Appendix 12 (Allowances) (the “Project Allowance Items”). To the extent practicable, prior to the Construction Date the parties shall agree to guaranteed fixed prices for each Project Allowance Item. The individual allowances related to each Project Allowance Item represent the maximum amount which the Owner anticipates will be paid for such Project Allowance Item; provided, however, the Owner may agree to a price for an individual item in excess of the corresponding allowance without a Change Order as long as the aggregate payments for the Project Allowance Items do not exceed the Project Allowance. On the Construction Date, the Fixed Design-Build Price will be adjusted accordingly as set forth in Section 5.2 (Payment Procedure and Amount). In the event that a guaranteed fixed price for any Project Allowance Item has not been set prior to the Construction Date, the balance of the Project Allowance shall be deducted from the Fixed Design-Build Price and the Owner shall have the option of either (i) agreeing with the Design-Builder to another methodology for fixing the payment for such Project Allowance Item (e.g. cost-plus guaranteed maximum price, or future guaranteed fixed price) or (ii) bidding such work out to a third party in which even such work will no longer constitute Design-Build Work for which the Design- Builder is responsible. In either event, the parties shall memorialize their agreement on how to proceed through the execution of a Contract Administration Memorandum as set forth in subsection 11.4(B) (Contract Administration Memorandum).
Project Allowances. Employees required to travel away from their usual place of residence will be paid a fortnightly allowance equivalent to the time spent travelling from home base to the temporary accommodation (to a maximum of 12 hrs) at the Employee’s ordinary time all purpose hourly rate. For the avoidance of doubt, there will be no industrial action taken by Employees in relation to the quantum of the project allowances during the life of this Agreement.
Project Allowances. Landlord shall provide Tenant following the satisfaction of all conditions precedent to this Lease (including, without limitation, the matters described in Sections 30 and 31 of the Lease) the following allowances as specified in Request for Proposal #2015-08 for the Purchase Design/Build/Lease Back Project for Site Improvements and New Office Building(s) for the Madera County Health & Social Services Office Facility; and Landlord’s Proposal Response dated December 22, 2015:
(a) An amount equal to $332,262.50 for Project Management by Tenant. This amount shall be included in the Construction Cost Estimate.
(b) An amount equal to $66,452.50 for Tenant’s oversight and administration.
(c) An amount equal to $199,357.50 for Inspector of Record (3rd Party Inspector to be contracted by Tenant).
(d) An amount equal to $199,357.50 for Materials Testing and Special Inspection (Independent Testing Lab to be contracted by Tenant) as services are rendered and billed.
(e) An amount equal to $250,000.00 for Tenant’s network and telephone system. The allowances described in paragraphs 3(a)−3(e) above shall be paid by Landlord to Tenant on recordation of Landlord’s Financing. The allowance described in 3(a) above shall be paid by Landlord to Tenant in two installments: $25,000.00 to be paid within 30 days after lease execution, with the balance of $307,562.50 due on recordation of Landlord’s Financing. The allowances described in Section 3(a)−3(e) above will be offset by a one-time credit of $600,000, which the parties have agreed is a fair and final amount due to Landlord for the cost of certain offsite improvements arising from the annexation of the Premises into the City of Madera, including but not limited to, ▇▇▇▇▇ Street (north of the intersection with “A” Street) and Sunrise Avenue improvements, PG&E improvements, undergrounding work, sewer main upsizing in Pecan Lane, ▇▇▇▇▇ and Sunrise intersection signalizations, water well improvements and other improvements. Landlord and Tenant acknowledge and agree that Landlord is not responsible for costs associated with any improvements, payments or obligations related to or associated with any of the following: (i) the amended Memorandum of Understanding dated January 24, 2012, between Tenant and the City of Madera, except to the extent Landlord has assumed any such obligation in the “Agreement for Outside City Limits Water & Sewer Connections for County Office Complex”; or (ii) the “Agreement for Outside City Limits Sewer...
Project Allowances. (a) The Employer and an individual Employee may reach agreement on a project allowance when an Employee is nominated in writing by the Employer to carry out work on a specified project.
(b) Any such agreement will be made with the Employee prior to commencement and will in addition to the entitlements under this Agreement.