Construction Cost definition
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 Cost means the contract price (expected to be specified in a Construction Contract), net of applicable taxes, to complete the Construction Work, as estimated by the Cost Consultant and agreed to by the City and the Architect, acting reasonably, based on the market rates expected to prevail at the time scheduled for the Construction Work, plus, if the City is to provide any labour or material for the Construction Work, the market value of that work or material; for the avoidance of doubt, “Construction Cost” shall not include the compensation to be paid to the Architect, the Architect’s Consultants or the City’s Consultants in connection with the Project or the cost of land, City of Vancouver development cost charges or development cost levies or other costs which are the responsibility of the City (except for labour and materials for the Construction Work).
Construction Cost of a capital improvement means the total of the incurred eligible direct and indirect costs necessary for constructing or installing the capital improvement that are capitalized by the concessioner in accordance with Generally Accepted Accounting Principles (GAAP).
Examples of Construction Cost in a sentence
The Construction Cost Budget does not include the compensation of the Project Design Team, the PM and any subconsultants, the cost of the land, rights-of-way, or financing which are the responsibility of District.
Design Professional shall submit a written Estimated Phase Construction Cost for each separate portion of the Project for which Design Professional submits a Schematic Design Study.
The term “Estimated Project Construction Cost” shall mean Design Professional's written estimate in the form specified by University (Exhibit C), of the total Construction Cost of the Project at the various stages of the design process.
Construction Cost: $4.07m 07/16 – 06/19 ▇▇▇ ▇▇▇▇▇ Park and Audubon Nature Center Paving Repairs, Orleans Parish, LA Project engineer responsible for the review of damages to the roadways located inside of the ▇▇▇ ▇.
PM shall notify District if it believes the Project’s construction cost of the work by the Project Design Team will exceed the Construction Cost Budget, and/or if it believes the construction cost as designed will exceed the Construction Cost Budget.
More Definitions of Construction Cost
Construction Cost means the cost to perform all Work pursuant to the Construction Documents.
Construction Cost means the total cost of the work to the owner of all elements of the project designed or specified by the design professional including the cost at current market rates of labor and materials furnished by the owner and equipment designed, specified or specifically provided by the design professional. Construction costs shall include the costs of management or supervision of construction or installation provided by a separate construction manager or contractor, plus a reasonable allowance for each construction manager’s or contractor’s overhead and profit.
Construction Cost means the total estimated construction contract award amount, including the costs of all built-in fixtures, unless otherwise agreed to by the Civic Arts Commission. "Construction cost" shall not include movable or personal property or construction cost contingency.
Construction Cost means any capital investment, except for the purchase of land, by a qualified
Construction Cost shall be the total cost or estimated cost to Owner of all elements of the Project designed or specified by Professional. Construction Cost shall include the cost at current market rates of labor and materials furnished by Owner and Construction Manager and equipment designed, specified, selected or specially provided for, by Professional, including connections to utilities, plus a reasonable allowance for Construction Manager's overhead and profit. Construction Cost does not include the compensation of Professional, Owner’s consultants, the costs of the land, rights-of-way, fixtures, moveable furnishings and equipment and contingencies or other costs which are the responsibility of Owner, as provided in Article 4. For this Project, Construction Cost shall not exceed $ .
Construction Cost means the direct actual cost to the RIAC of all construction contract items for the Project, including labor, materials and equipment required for the Project and reflected by the actual construction contract(s) or, if no contract(s) are awarded, the lowest bona fide bid received plus the total value of all labor, material and equipment purchased or furnished directly by the RIAC for the Project, but excluding: (1) fees or other costs of Consulting, legal and related services; (2) cost of land and rights-of- way; (3) the RIAC's administrative expenses; and (4) any additional exclusions that may be listed in Exhibit B, Scope of Services.
Construction Cost is defined to include actual costs of constructing Project facilities, including construction management. Land acquisition, engineering design, permitting, and solicitation costs are excluded. Construction cost does not include any costs incurred prior to the Effective Date, unless expressly authorized by the Statement of Work. Costs that are excluded will not be credited toward Recipient’s cost-share.