Actual Construction Cost definition

Actual Construction Cost means the actual cost to construct the Shell Building (excluding Tenant Finish) and Land Sitework, pursuant to the Construction Plans and any changes thereto, including but not limited to (a) site preparation, (b) storm drainage, (c) site lighting, (d) landscaping and irrigation, (e) paving and striping, (f) utility connections, (g) construction testing services (h) costs of labor and materials, (i) fees and other charges payable to the Contractor, (j) fees to governmental authorities for permits, inspections, and certificates of occupancy, (k) utilities during construction, (l) performance bonds, and (m) architectural fees. Actual Construction Cost shall specifically exclude (1) leasing commissions, (2) construction interest and loan fees, (3) development fees, and (4) construction management other than the Contractor, all of which shall be borne entirely by Landlord. Landlord agrees and represents that the Actual Construction Cost shall be equal to the Stipulated Sum, unless such costs are increased or decreased as a result of Change Orders to the Construction Plans pursuant to Section 11 hereof.
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Actual Construction Cost means the aggregate amounts required to be paid to Original Contractor, Contractor, Subcontractors and other Persons (i) to complete the work required by Original Contractor under the Original Construction Contract and Contractor under the Construction Contract, (ii) to provide oversight and auditing of Original Contractor and Contractor in addition to that contemplated in the original Project Budget or (iii) in connection with the preparation and execution of the First Amendment to Credit Agreement and Second Amendment to Credit Agreement. The amounts paid as Actual Construction Cost shall include, and be limited to: (i) any amounts which have been paid or which may be owed to Original Contractor, Contractor or any Subcontractor for completion of the work required by Original Contractor under the Original Construction Contract and the Contractor under the Construction Contract; (ii) reasonable costs paid to the Independent Engineer to monitor the work performed under the Original Construction Contract and under the Construction Contract; (iii) reasonable costs of personnel to provide management and engineering oversight of the work performed under the Original Construction Contract and under the Construction Contract; (iv) reasonable legal and accounting work required to monitor and audit work performed under the Original Construction Contract and under the Construction Contract and payments made to Original Contractor, Contractor and Subcontractors; and (v) costs to prepare and execute the First Amendment to Credit Agreement and Second Amendment to Credit Agreement.
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Actual Construction Cost means the cost of all portions of a project to construct the work as shown on the approved construction documents and as necessary to comply with the California Building Standards Code, generally based upon the sum of the construction contract(s), when applicable, and other direct construction costs; including but not limited to mobilization, general and special conditions, supervision and management, overhead, markups and profit, demolition, building pad construction (including but not limited to grading, soil remediation, excavation, trenching, retaining, shoring, etc.), temporary construction and barriers, materials, supplies, machinery, equipment, labor cost or the wages paid to the workers doing the work, etc., as certified by the hospital governing board or authority. Construction cost does not include the compensation paid to the designer(s), inspector(s), plan review and building permit, the cost of the land, rights-of-way, work outside the scope of OSHPD’s jurisdiction, mobile equipment and furnishings, or other costs which are defined in the contract documents as not a part of the work. Work requiring a plan approval and/or building permit issued by the Office which is identified as not in the scope of the work and/or not in contract (NIC) shall be performed under a separate building permit. INTERPRETATION
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Examples of Actual Construction Cost in a sentence

  • Applications with a Development Category of Rehabilitation, with or without Acquisition, that reflect an amount of at least $32,500 per unit when the amount listed in the Total column of the Development Cost Pro Forma for the Development Cost line item A1.1 (Actual Construction Cost) is divided by the number of total units in the Development.

  • The following Applications will not qualify for this funding preference: Applications with a Development Category of Rehabilitation, with or without Acquisition, that reflect an amount less than $32,500 per unit, when the amount listed in the Total column of the Development Cost Pro Forma for the Development Cost line item A1.1 (Actual Construction Cost) is divided by the number of total units in the Development.

  • Applications with a Development Category of Rehabilitation, with Acquisition, that reflect an amount of at least $32,500 per unit when the amount listed in the Total column of the Development Cost Pro Forma for the Development Cost line item A1.1 (Actual Construction Cost) is divided by the number of total units in the Development.

  • Actual Construction Cost Contingency (explain in detail) A1.1 Sub-Total A1.2 General Contractor Fee cannot exceed 14% A1.3 Total Actual Construction Cost Financial Cost Construction Loan Credit Enhancement Construction Loan Interest Construction Loan Origination Fee Bridge Loan Interest Bridge Loan Origination Fee Permanent Loan Credit Enhancement Permanent Loan Origination Fee Reserves Required By Lender A2.

  • The following Applications will not qualify for this funding preference: Applications with a Development Category of Rehabilitation, with Acquisition, that reflect an amount less than $32,500 per unit, when the amount listed in the Total column of the Development Cost Pro Forma for the Development Cost line item A1.1 (Actual Construction Cost) is divided by the number of total units in the Development.

  • Applications that reflect an amount of at least $32,500 per unit when the amount listed in the Total column of the Development Cost Pro Forma for the Development Cost line item A1.1 Actual Construction Cost is divided by the number of total units in the Development will qualify for this funding preference.

  • Applications with a Development Category of Rehabilitation or Acquisition and Rehabilitation (at question 5.c.(1) of Exhibit A) that reflect an amount of at least $32,500 per unit when the amount listed in the Total column of the Development Cost Pro Forma for the Development Cost line item A1.1 Actual Construction Cost is divided by the number of total units in the Development.

  • Actual Construction Cost Contingency (explain in detail) A1.1 Sub-Total A1.2 General Contractor Fee cannot exceed 14% A1.3 Total Actual Construction Cost Financial Cost Construction Loan Credit Enhancement Construction Loan Interest Construction Loan Origination Fee Bridge Loan Interest Bridge Loan Origination Fee Permanent Loan Credit Enhancement Permanent Loan Origination Fee Reserves Required by Lender A2.

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  • The following Applications will not qualify for this funding preference: Applications with a Development Category of Preservation or Rehabilitation, with or without Acquisition, that reflect an amount less than $32,500 per unit, when the amount listed in the Total column of the Development Cost Pro Forma for the Development Cost line item A1.1 (Actual Construction Cost) is divided by the number of total units in the Development.


More Definitions of Actual Construction Cost

Actual Construction Cost means the aggregate amounts required to be ------------------------ paid to Contractor, Subcontractors and other Persons (i) to complete the work required by the Contractor under the Construction Contract, (ii) to provide oversight and auditing of the Contractor in addition to that contemplated in the original Project Budget or (iii) in connection with the preparation and execution of the First Amendment to Credit Agreement. The amounts paid as Actual Construction Cost shall include, and be limited to: (i) the Separated Contract Price; (ii) any other amounts which may be owed to the Contractor and any Subcontractor for completion of the work required by the Contractor under the Construction Contract; (iii) reasonable costs paid to the Independent Engineer to monitor the work performed under the Construction Contract; (iv) reasonable costs of personnel to provide management and engineering oversight of the work performed under the Construction Contract; (v) reasonable legal and accounting work required to monitor and audit work performed under the Construction Contract and payments made to the Contractor and Subcontractors; and (vi) costs to prepare and execute the First Amendment to Credit Agreement.
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Actual Construction Cost shall meax xxx cost to construct the Joint Facilities including, but not limited to, labor, materials, contract services, engineering services, environmental studies, right-of-way acquisition, legal expenses, right-of-way clearing and restoration, and reasonable overheads. Overheads shall include, but not be limited to, interest during construction, engineering, superintendence, drafting, stores handling, transportation, testing and miscellaneous. Actual Construction Cost shall be calculated pursuant to the Electric Plant Instructions section of REA Bulletin 181-1 (latest revision) entitled "Uniform System of Accounts Prescribed for Electric Borrowers of the Rural Electrification Administration" at such time as the costs are incurred by the Party responsible for constructing the applicable portion of the Joint Facilities.
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Actual Construction Cost means the actual total cost of constructing the building in which the Premises are to be located, and the attendant parking facilities, but specifically excluding individual tenant improvements. Such costs shall include all of the costs and charges, whether direct or indirect, so incurred by Lessor and shall include, without limitation: (1) Materials; (2) Labor; (3) Four percent (4%) profit for construction company; (4) Five percent (5%) overhead for construction company; (5) Extras; (6) Insurance; (7) Equipment rental; (8) Attorneys' fees; (9) Utilities; (10)
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Related to Actual Construction Cost

  • Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.

  • Estimated Construction Cost or “ECC” means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.

  • Begin actual construction means, in general, initiation of physical on-site construction activities on an emissions unit which are of a permanent nature. Such activities include, but are not limited to, installation of building supports and foundations, laying of underground pipework, and construction of permanent storage structures. With respect to a change in method of operation, this term refers to those on-site activities, other than preparatory activities, which mark the initiation of the change.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Original construction ’ shall mean the first or initial construction

  • Building construction means any physical activity on the site involved in the erection of a structure, cladding, external finish, formwork, fixture, fitting of service installation and the unloading of plant, machinery, materials or the like.

  • Residential construction means construction on single-family or two-family dwellings occupied or used, or intended to be occupied or used, primarily for residential purposes, and includes real property pursuant to chapter 499B.

  • Commence Construction means that an owner or operator has either undertaken a continuous program of construction or has entered into a contractual obligation to undertake and complete, within a reasonable time, a continuous program of construction.

  • Cost of Construction means the total cost to Owner of those portions of the entire Project designed or specified by the Design Professional. Cost of Construction does not include the Design Professional's compensation and expenses and Owner's expenses associated with the Project or the cost of other services to be provided by others to the Owner.

  • New construction means, for the purposes of determining insurance rates, structures for which the "start of construction" commenced on or after the effective date of an initial FIRM or after December 31, 1974, whichever is later, and includes any subsequent improvements to such structures. For floodplain management purposes, "new construction" means structures for which the "start of construction" commenced on or after the effective date of the floodplain management regulations adopted by a community and includes any subsequent improvements to such structures.

  • Actual Cost means the cost of depleted supplies, records storage media costs, actual mailing and alternative delivery costs, or other transmitting costs, and any direct equipment operating and maintenance costs, including actual costs paid to private contractors for copying services.

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Actual consumption means the measured consumption by a customer of a municipal service;

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Land disturbing construction activity means any man-made alteration of the land surface resulting in a change in the topography or existing vegetative or non-vegetative soil cover, that may result in runoff and lead to an increase in soil erosion and movement of sediment into waters of the state. Land disturbing construction activity includes clearing and grubbing, demolition, excavating, pit trench dewatering, filling and grading activities.

  • Pre-Construction Phase Services means the participation, documentation and execution of Contractor’s Pre-Construction Phase deliverables as required by this Agreement and further defined in Article 5.

  • Actual Costs means any costs, direct losses and expenses (including any loss of revenue) reasonably incurred or reasonably expected to be incurred by the Train Operator including those attributable to limb (f) of a Category 3 Disruption and any increase in Variable Costs but net of:

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Pipeline Construction means a substantial disturbance to agricultural land associated with installation, replacement, removal, operation or maintenance of a pipeline, but shall not include work performed during an emergency. Emergency means a condition where there is clear and immediate danger to life or health, or essential services, or a potentially significant loss of property. When the emergency condition ends, pipeline construction will be in accordance with these rules.

  • construction site means a workplace where construction work is being performed;

  • Construction Fee means a fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or provide major repairs or rehabilitations on a Property.

  • Construction Work means any work in connection with

  • Completion of Construction means all the construction is complete except for minor weather-related components and conforms to the approved plans and specifications and change orders.