Cost of Construction definition

Cost of Construction means the total cost to Owner of those portions of the entire Project designed or specified by the Design Professional. Cost of Construction does not include the Design Professional's compensation and expenses and Owner's expenses associated with the Project or the cost of other services to be provided by others to the Owner.
Cost of Construction means all costs of designing, acquiring, constructing, equipping and furnishing the Project, including, but not limited to, the cost of land or any interest in land, obligations incurred for labor and materials and to architects, project managers, contractors, builders and materialmen; the restoration or relocation of property damaged or destroyed in connection with the construction; and the cost of machinery, equipment or supplies purchased by the Contracting Party for inclusion as part of the Project.
Cost of Construction means those costs incurred for design, acquisition for right-of-way and/or easements, construction, materials, and installation required in order to create an Improvement which complies with City standards. Until such time as RCW 35.91 is amended to expressly authorize inclusion of interest charges or other financing costs, such expenses shall not be included in the calculation of construction costs. In the event of a disagreement between the City and the Applicant concerning the cost of the Improvement, the Director’s determination shall be final.

Examples of Cost of Construction in a sentence

  • When Design Development is included in the Agreement under Article 11, the Design Professional shall prepare, for the Owner's review and approval, Construction Documents based on the approved Design Development Documents, the Design Development Cost of Construction and Design Development Project Schedule.

  • When the Design Professional submits the Construction Documents, the Design Professional shall identify in writing for the Owner's approval all material changes and deviations that have taken place from the Design Development Documents and the previously approved estimate of the Cost of Construction and Project Schedule.


More Definitions of Cost of Construction

Cost of Construction means the cost of construction approved by the Director of Public Works and may include engineering fees ancillary thereto.
Cost of Construction means the cost of construction approved by the Director and may include engineering fees ancillary thereto.
Cost of Construction. ’ means all ex- penses found by the Director to be necessary for the construction of the project, including architect and engineering fees, but excluding land acquisition costs;
Cost of Construction means the sum, so far as it relates to the reconstructing, renewing, restoring or replacing of the Improvements, of (i) obligations incurred or assumed by Mortgagor or undertaken by tenants pursuant to the terms of the Leases for labor, materials and other expenses and to contractors, builders and materialmen; (ii) the cost of contract bonds and of insurance of all kinds that may reasonably be deemed by Mortgagor to be necessary during the course of construction; (iii) the expenses incurred or assumed by Mortgagor (or tenant under the Lease performing such Restoration) for test borings, surveys, estimates, permits, any Plans and Specifications and preliminary investigations therefor, and for supervising construction, as well as for the performance of all other duties required by or reasonably necessary for proper construction; (iv) ad valorem property taxes levied upon the Premises during performance of any Restoration; (v) any costs or other charges in connection with obtaining title insurance and counsel opinions that may be required or necessary in connection with a Restoration; and (vi) any costs or other charges in connection with obtaining services (including legal counsel) that may reasonably be deemed by Mortgagor to be necessary in connection with the construction.
Cost of Construction means the total cost of plan- ning and building a major public energy project and placing it into operation, including, but not limited to, planning cost, direct construction cost, licensing cost, cost of fuel inventory for the first year's operation, interest, and all other costs incurred prior to the first day of full operation, whether or not incurred prior to July 1, 1982.
Cost of Construction with respect to the Project means the following:
Cost of Construction. ’ means all expenses found by the Director to be necessary for the construction of the project, in- cluding architect and engineering fees, but excluding land ac- quisition costs;