Construction Budget definition

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.

Construction Budget means the cost of acquisition, installation, testing, constructing and developing any Property as determined by the Construction Agent in its reasonable, good faith judgment.

Construction Budget means University's written statement of funds available to pay for the cost of construction.

Examples of Construction Budget in a sentence

• In the event the Project Construction Budget and Project Time Frames are not adjusted, all firms arguing for a higher Project Construction Budget and/or adjusted Project Time Frames will be asked to indicate whether they wish to withdraw.

• Firms will neither be rewarded nor penalized in any way for initially arguing with or accepting the Project Construction Budget and Project Time Frames noted in this RFP.By submitting a Price proposal, the proposer agrees that the construction of the project (i) shall not exceed the amount of the Project Construction Budget and (ii) can be designed and constructed within the Project Time Frames.

• The CM@Risk shall analyze the Project Designer’s originally submitted and redrafted Construction Documents, and make recommendations to the CITY as to ways and methods to reduce the costs of constructing the Project to a sum which does not exceed the Project Construction Budget.

• Lender has established a construction reserve account (the “Construction Reserve Account”), into which funds shall be deposited for the payment of costs incurred by Borrower in connection with the Construction Work pursuant to the Approved Construction Budget.

• If the Contract Price is based on a percentage of the Construction Contract Amount, until such time as that amount is established by bid and award of the construction contract, A/E’s xxxxxxxx for Basic Services shall be based upon the amount of the District’s Project Construction Budget, and thereafter adjusted and updated to reflect so that the A/E’s xxxxxxxx for the Assigned project reflect the construction contract’s value.

More Definitions of Construction Budget

Construction Budget means the budget available for total Construction Cost, determined or approved in writing by the City; provided that, as at the time of signing this Agreement, the Construction Budget (the “preliminary Construction Budget”) is as set out in Schedule C.

Construction Budget means the fully-budgeted costs for the acquisition and construction of a given piece of real property (including without limitation, the cost of acquiring such piece of real property (except to the extent any portion thereof is Unimproved Land included in the immediately following clause (iv)), reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs), as reasonably determined by the Borrower in good faith and (y) real property under construction to be (but not yet) acquired by the Borrower or a Subsidiary upon completion of construction pursuant to a contract in which the seller of such real property is required to complete construction prior to, and as a condition precedent to, such acquisition, shall be subject to this subsection;

Construction Budget is defined in Section 2.4 of the Construction Agency Agreement.

Construction Budget means that portion of the 'Project Budget' applicable to a Construction Contract;

Construction Budget means that amount which is announced after the deadline for the receipt of bids, but prior to the opening of bids.

Construction Budget means the budget amount established by the District, representing the maximum authorized cost for construction of the Project. The Construction Budget does not include fees for professional architectural and engineering services, District inspection, or testing and inspection services.

Construction Budget means the fully-budgeted costs for the acquisition and construction of a given piece of real property (including without limitation, the cost of acquiring such piece of real property (except to the extent any portion thereof is Unimproved Land), reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs), as reasonably determined by the Borrower in good faith. Real property under construction to be (but not yet) acquired by the Borrower or a Subsidiary upon completion of construction pursuant to a contract in which the seller of such real property is required to complete construction prior to, and as a condition precedent to, such acquisition, shall be subject to this definition.