TEA for Construction Costs Sample Clauses

TEA for Construction Costs. “TEA” means a Tenant expenditure authorization, which shall be in the form of a written document to Tenant’s Representative (as defined in Section 1(g)). After Landlord’s approval (or deemed approval) of the CD’s, Landlord shall submit the CD’s to at least three (3) general contractors selected solely by Tenant from the following list within two (2) days after approval of the CDs: (i) Sabre; (ii) Rand; (iii) ▇▇▇▇▇▇ ▇▇▇▇▇▇; (iv) Balfour ▇▇▇▇▇▇; and (v) if not listed in the foregoing, Landlord’s general contractor for Landlord’s Work, for competitive, sealed bids; provided, however, Tenant may, subject to Landlord’s approval which approval shall not be unreasonably withheld, prior to the time the CD’s are submitted for bids substitute another general contractor(s) for one or more of the three general contractors specified in (i) through (iv) in this sentence. Tenant shall have the right, in its sole discretion, to select the general contractor from the three (3) (or more) who submitted bids to provide the construction and installation of the Leasehold Improvements set forth in the CDs after the competitive bids have been submitted simultaneously to Tenant and Landlord and any subsequent actions-e.g. reductions in the scope of work have been submitted to the three contractors for revised pricing, which selection will be made within twenty (20) business days after the bids being submitted and any subsequent actions taken (the bid of the selected contractor shall be referred to herein as the “Approved Construction Bid”). Once the Tenant has selected the general contractor (the “Selected Contractor”), Landlord shall promptly enter into a contract with the Selected Contractor to provide the materials and perform the work to complete Leasehold Improvements. Based on the contract sum in the Approved Construction Bid, Landlord shall prepare a TEA for the Construction Costs, and deliver such TEA to Tenant for approval in accordance with Section 1(e) below. “Construction Costs” means all costs in the permitting, demolition, construction, acquisition, and installation of the Leasehold Improvements, including, without limitation, contractor fees, overhead, and profit, and the cost of all labor and materials supplied by the Selected Contractor engaged by Landlord through the contract specified above (“Contractor”), suppliers, independent contractors, and subcontractors arising in connection with the Leasehold Improvements, but excluding the Planning Costs. “Planning Cost...

TEA for Construction Costs. As soon as reasonably practical after ▇▇▇▇▇▇’s approval (or deemed approval) of the CD’s, Landlord shall submit the CD’s to no less than two (2) of Landlord’s selected general contractors for bidding. Landlord shall then prepare a TEA for the Construction Costs, and deliver such TEA to Tenant for approval in accordance with Section 1(e) below. “Construction Costs” means all actual and reasonable costs in the permitting, demolition, construction, acquisition, and installation of the Leasehold Improvements, including, without limitation, contractor fees, overhead, and profit, and the cost of all labor and materials supplied by the general contractor engaged by ▇▇▇▇▇▇▇▇ (“Contractor”), suppliers, independent contractors, and subcontractors arising in connection with the Leasehold Improvements.