Construction Cost Limit definition

Construction Cost Limit means that portion of the total amount of Project funds which shall not be exceeded on construction of the Project;
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Construction Cost Limit means AACE Level 2 construction cost estimate developed as part of the MCM’s PIP plus the construction contingency, as agreed upon by Canada.
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Construction Cost Limit. (CCL) means the maximum monetary amount payable to the Construction Manager for all Construction Phase services, materials, labor and other work required for completion of the Work in accordance with the Contract Documents. The CCL includes, without limitation, the General Conditions Costs, the Cost of the Work, the Construction Phase Fee and the Construction Manager’s Contingency. The CCL may be adjusted by the parties for changes in the scope of the Project before or after acceptance of the Guaranteed Maximum Price Proposal. The CCL does not include the Construction Manager’s Pre-Construction Phase Fee, Owner’s Construction Contingency or other Owner funded costs.
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Examples of Construction Cost Limit in a sentence

  • Should an opinion of Probable Construction Cost or a revised Opinion of Probable Construction Cost be provided by the Engineer during the execution of the Services that is in excess of the then established Construction Cost Limit, PCCA shall have the option of increasing the Construction Cost Limit, modifying the design criteria and Engineer’s Scope of Services, or suspending or terminating the Service Order in accordance with terms herein.

  • If a Construction Cost Limit is set forth in a Service Order, then the Service Order will also specify a percentage bidding or negotiating contingency to be added to such Construction Cost Limit.

  • Engineer will be permitted to determine what types of materials, equipment and component systems, and the types and quality thereof, are to be included in the Drawings and Specifications and to make reasonable adjustments in the scope, extent, and character of the Project to the extent consistent with the Project requirements and sound engineering practices to bring the Project within the Construction Cost Limit, subject to final approval and acceptance of PCCA.

  • If a Construction Cost Limit for a Specific Project is established between PCCA and Engineer in a Service Order, then such Construction Cost Limit and a statement of Engineer’s rights and responsibilities with respect thereto will be specifically set forth in the applicable Service Order.

  • In the case of (2), above, Engineer will modify the Drawings and Specifications as necessary to bring the Construction Cost within the Construction Cost Limit at no cost to PCCA, and the providing of such Services will be the limit of Engineer’s responsibility in this regard; and, having done so, Engineer will not otherwise be liable for damages attributable to the lowest bona fide Bid exceeding the established Construction Cost Limit.

  • Review Owner’s Project Budget and the Construction Cost Limit (CCL).

  • Owner shall pay Design-Builder the Guaranteed Maximum Price (GMP) in accordance with Article 7, Article 10 and Article 13 hereof, subject to adjustment in accordance with the General Conditions, the total amount not to exceed the Construction Cost Limit of SEVENTY-FIVE MILLION FIVE HUNDRED EIGHTY THOUSAND DOLLARS ($75,580,000).

  • For the purpose of controlling the construction cost of the Project, a Construction Cost Limit (CCL) is to be considered the total dollar amount allocated for the cost of construction of the Project upon which Design Professional shall base all design considerations and recommendations to the Owner.

  • In the case of (3), Engineer shall modify the Construction Contract Documents as necessary to bring the Construction Cost within the Construction Cost Limit.

  • For the purpose of controlling the Base Bid Design of the Project, the Construction Cost Limit (CCL) is to be considered the total dollar amount allocated for the cost of construction of the Project upon which Design Professional shall base all design considerations and recommendations to the Owner as illustrated by the Statements of Probable Construction Cost.