Project Development Budget Sample Clauses
The Project Development Budget clause defines the financial plan and allocation of resources for the development phase of a project. It typically outlines the estimated costs, identifies specific budget categories such as labor, materials, and permits, and may set procedures for budget approval or modification. By establishing clear financial parameters and expectations, this clause helps prevent misunderstandings over funding, ensures accountability, and supports effective project management.
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Project Development Budget. Included in the Project Proposal shall be a Project Development Budget, which shall be incorporated into this Agreement as Exhibit B after the City’s Finance Director and ▇▇ ▇▇▇▇▇ Program Manager determine it is acceptable to the City and provide written notice to the Developer of approval.
a. Within the Project Development Budget, the Developer shall specifically delineate Project Costs attributable to the commercial space and Project Costs attributable to the affordable housing. Project Costs will be used as the basis to allocate eligible costs for the residential portion of the Project or to the commercial portion of the Project, and to
b. The Project Development Budget shall specifically identify allowable Developer Fees to be paid from the NDR Loan. Allowable Developer Fees may not exceed the fees allowable under the Minot Affordable Housing Underwriting Guidelines (same as North Dakota Housing Finance Agency (“NDHFA”) limits). The Project Development Budget shall acknowledge that twenty (20) percent of the allowable Developer Fees shall be paid only upon the successful completion of the Construction Phase of the Project, issuance of the certificate of occupancy by the City and Developer providing proof of land ownership and liens on property. The balance of the allowable Developer Fees shall be in increments of no more than 5% per Draw Request for NDR loan proceeds capped at eighty (80) per cent.
c. The Project Development Budget shall specifically identify allowable architectural fees, construction management fees, contractor profit and overhead and contractor general requirements which should be part of the required soft costs disclosure of the Project Development Budget described paragraph IV(E)(1)(a) above. Allowable fees referenced in the preceding sentence shall not exceed the fees allowable under the Minot Affordable Housing Underwriting Guidelines (same as NDHFA limits). A copy of the Minot Affordable Housing Underwriting Guidelines shall be attached as Exhibit G.
Project Development Budget. Openly Connected’s standard development practice is to develop proposal of work for a project with an estimate based on the hours & rates by skill of the developers and any additional costs. As the project progresses hours worked are subtracted from the budget. The client is in regular contact with the project manager and kept abreast of the progress and health of the project based on the proposal. A client is only charged for work performed, if any work is projected to exceed the budgetary amount the client and the project manager discuss options to keep the project on track and if there are extra hours due to a lower than expected burn rate, the client is either able to add “nice to have features” or a refund. In our experience this method of project pricing is the most cost effective and creates a atmosphere of cooperation rather than competition between the project team and the client. The client only pays for work done and the developers are paid for all of their work. This project is scheduled to begin on: Run for approximately 3 Weeks Have approximately 3 People involved. Consume approximately 29 Billable Hours. Estimated half way day . The estimated Code finish date . Testing for approximately 3 days. Estimated Go Live date. TBD Task Hours Dollars Programming Hours: 11 000.00 Creative Hours: 12 000.00 Project Management Hours: 6 000.00 Total Development Hours: 29 2900.00 OC SEO: 00 000.00 Total WebCare (1st year including the first 5 hrs) 610.00 Hosting 110.00 Pro-Active Maintenance & Active Support 200.00 Support Hours (prepaid 5 @60/hr ) Estimated Project Total: 300.00 3510.00 Strategic consulting: 135.00 Development of Internet, e-commerce, advertising and /or general business strategies, branding, etc… Senior Level Development & Project Management: 108.00 Creation of original1 or modification of existing programming code or graphic assets Standard code and creative development: 81.00 Our standard developers are high quality developers who know the ins and outs of a long list of programming languages and have demonstrated successes with the Drupal platform. Blended Rate : 100.00 This rate is used in estimation and for short projects where break down of hours is not practical.
Project Development Budget. The Parties shall develop a budget for Huron Potawatomi Development Opportunity (the “Project Development Budget”) for the period commencing immediately and ending
Project Development Budget. The Developer will submit a Project Development Budget, which shall be incorporated into this Agreement as Exhibit B after the City’s Finance Director and NDR Program Manager or designees determines it is acceptable to the City and provide written notice to the Developer of approval. The Project Development Budget shall identify allowable architectural fees, construction
Project Development Budget. The Parties shall develop a budget for Huron Potawatomi Development Opportunity (the “Project Development Budget”) for the period commencing immediately and ending upon the date that the facility is budgeted to be generating cash flow sufficient to cover its expenses. The Project Development Budget must be approved by both Parties. The Parties and/or their Affiliates shall be entitled to reimbursement for all costs incurred which are in accordance with the Project Development Budget. Any reimbursements made pursuant to this Article III shall be made within 30 days after each Party (or each Member) has reviewed and approved supporting documentation submitted by the Party or Member seeking reimbursement. Notwithstanding anything contained herein to the contrary, reimbursement to a Party for the out-of-pocket expenses and costs of In-House and outside Project Personnel must be approved by both Parties.