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 means the cost to perform all Work pursuant to the Construction Documents.
Examples of Construction Cost in a sentence
Direct Construction Cost includes only the cost categories set forth in this Article and does not include the Pre-Construction Phase Fees or the Construction Phase Fees unless specifically noted.
Direct Construction Cost means the sum of the amounts that Contractor actually and necessarily incurs constructing the Project in strict compliance with the Construction Documents.
Construction Cost is one of the items comprising Total Project Costs.
References in the UGSC to adjustments in “cost” or “costs” mean the Direct Construction Cost.
BT5.27 Temporary Credit for Unamortized Specified Road Construction Cost.
More Definitions of Construction Cost
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 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).
Construction Cost means the total cost to the Owner of those portions of the entire Project designed or specified by the Designer. Construction Cost does not include the Designer’s compensation and expenses, the cost of land, rights-of-way, or for damages to properties, or the Owner’s legal, accounting, insurance counseling or auditing services, or interest and financing charges incurred in connection with the Project or the cost of other services to be provided by others to the Owner.
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 means, with respect to rehabilitations, renovations or construction of Properties in which work has begun but has not yet been substantially completed (substantial completion shall be deemed to mean not less than 90% completion, as such completion shall be evidenced by a certificate of occupancy or its equivalent or, in the case of condominium conversions the sale to buyers of portions of such Property), the aggregate, good faith estimated cost of construction of such improvements (including, where applicable, land acquisition costs).