Budgeted Cost definition
Budgeted Cost. All Stadium Project and Stadium Project Site Preparation costs will be the sole responsibility of, and be paid for by, StadiumCo as set forth herein (other than as expressly set forth herein to the contrary). • StadiumCo shall determine a project budget for the design, development, and construction of the Stadium and a reasonable contingency amount, such total cost currently estimated not to exceed $200 million (the “Budgeted Cost”). • The Budgeted Cost is inclusive of Stadium Project Site Preparation and exclusive of remediation costs for the Stadium’s specified location at ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇. • StadiumCo shall enter into a Guaranteed Maximum Price (“GMP”) contract for the Stadium Project. • Any surplus (i.e. the difference between Budgeted Cost and actual cost) from the construction of the Stadium shall be utilized to construct additional Stadium-controlled parking, deposited into the Capital Repairs Reserve Fund (as defined herein), or deposited into the debt service fund associated with PSV’s Stadium financing upon completion of the Stadium Project, or as otherwise mutually agreed to by the parties if the actual cost of Stadium construction is less than $190 million (and if such cost exceeds $190 million, then PSV may determine how to otherwise apply such surplus). • StadiumCo shall be responsible for any cost overruns above the Budgeted Cost. Any cost associated with specifically requested changes in the scope of the Base Stadium Plan shall be the responsibility of the party making the request except for changes which are consistent with the Base Stadium Plan (i.e., are not a change in scope) and solely attributable to ensuring public access and safety or otherwise required for any other regulatory purpose (e.g., required for any person or entity to achieve zoning, land use or permit approval, etc.); further provided, that the City shall bear the cost of any increases in the Budgeted Cost as and to the extent such additional costs are the result of public access, safety, zoning, land use or permit approval processes or requirements which are solely applicable to or otherwise targeted to the Stadium Project (e.g., “discriminatory regulations”). • During construction of the Stadium Project, the City and StadiumCo shall cooperate in seeking a determination from the Comptroller of Public Accounts of the State of Texas confirming that items of tangible personal property (including, without limitation, materials, equipment and supplies) acquired by Stadium...
Budgeted Cost means (i) with respect to any given Major Improvement the estimated cost of such Major Improvement as set forth in Section III herein and (ii) with respect to any Improvement Area Improvement the estimated cost of such Improvement Area Improvement as set forth in the applicable amended Service and Assessment Plan and/or Annual Service and Assessment Plan Update.
Budgeted Cost means the estimated cost of a Facility or Discrete Component as shown on Exhibit B hereto.
Examples of Budgeted Cost in a sentence
The Consultant shall prepare Design Development Instruments of Service based upon approved Schematic Design Phase Instruments of Service and any changes in Project Schedule, Project Program, and Budgeted Cost of Construction to which the State and the Consultant agree.
For any phase underway at the time the State adjusts the Budgeted Cost of Construction, the State shall prorate the adjustment of the Consultant’s fee for the phase based upon the Project Schedule.
The State’s Budgeted Cost of Construction is based on the State’s program and/or legislative project funding authorizations.
For each phase of the Consultant’s work commenced after an increase or decrease by the State in the Budgeted Cost of Construction, the Consultant’s compensation for all remaining phases of the work shall be adjusted to the new Budgeted Cost of Construction, based on the percentage fee shown in Exhibit B, if the change in the Budgeted Cost of Construction is greater than fifteen percent (15%).
The Consultant’s fee shall not be decreased or increased should the contract award amount be more or less than the Budgeted Cost of Construction unless such increase or decrease is due to a change in the scope of the Project or the change results in a greater than fifteen percent (15%) difference between the Budgeted Cost of Construction and the award amount.
More Definitions of Budgeted Cost
Budgeted Cost means, with respect to any given Authorized Improvement, the estimated cost of the improvement as set forth by phase in Exhibit D.
Budgeted Cost for the Development of a DC Project shall equal the sum of (i) the Approved Cost of the Work for such DC Project, plus (ii) the Contingency Amount (defined in Section 2.5.1.2 below) based on such Approved Cost of the Work. Bechtel shall specify Bech▇▇▇'▇ ▇▇▇posed Budgeted Cost, estimated Cost of the Work (defined in Section 2.5.5 below), Base Contingency (defined in Section 2.5.1.2) and any requested Excess Contingency (also defined in Section 2.5.1.2) for the Development of a particular DC Project in Bech▇▇▇'▇ ▇▇▇ice to Proceed for such DC Project. The estimated Cost of the Work for a DC Project shall be determined by adding (a) the sum of all accepted Subcontractor bids for the Cost of the Work and (b) the General Work Requirements Amount (defined in Section 2.5.3 below). The estimated Cost of the Work for a DC Project specified in the Notice to Proceed approved and executed by Webvan for such DC Project is referred to herein as the "APPROVED COST OF THE WORK".
Budgeted Cost means the estimated cost for an Authorized Improvement as provided for in the Service and Assessment Plan.
Budgeted Cost means with respect to any given Authorized Improvement, the estimated cost of such improvement as set forth in Exhibit B; and as further described in the SAP.
Budgeted Cost means the estimated cost for an Authorized Improvement as provided for in the SAP.
Budgeted Cost means for (a) A&D Lots and Finished Lots, (i) the total budgeted costs for Lot Improvements and Acquisition Costs for the applicable Subdivision as provided in the applicable A&D Lot Development Budget attached to the Eligibility Certificate for the applicable Subdivision, divided by (ii) the total number of Lots in the Subdivision provided in the Eligibility Certificate for the Subdivision, and (b) for Units, the construction costs to construct such Unit as provided in the applicable Unit Budget plus, without duplication, the Unit Lot Cost.
Budgeted Cost shall refer to any or all the Budgeted Cost for the Base Project, the Budgeted Cost for the Tenant's Specialized Improvements/Base Building Upgrades, the Budgeted Cost for Installation of Tenant's Fixtures and Equipment and/or the Budgeted Cost for the Phase II/III Preliminary Work, as the context requires.