Cost of Construction definition

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 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.

Examples of Cost of Construction in a sentence

  • 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.

  • 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.


More Definitions of Cost of Construction

Cost of Construction means the cost of construction approved by the Director and may include engineering fees ancillary thereto.
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.
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 shall embrace all costs paid or incurred by the Company with respect to the Facilities and the financing thereof for the payment of which the Authority is authorized to issue bonds under the Act, and shall include without limitation (a) obligations paid or incurred by the Company for labor, materials and other expenses and to contractors, builders and materialmen in connection with the construction of the Facilities; (b) the costs paid or incurred by the Company for contract bonds and for insurance of all kinds that may be deemed by the Company to be desirable or necessary during the course of construction of the Facilities; (c) the expenses paid or incurred by the Company for test borings, surveys, estimates, plans and specifications, and preliminary investigations therefor, with respect to the Facilities and for supervising construction, as well as for the performance of all other duties required by or reasonably necessary for the proper construction, of the Facilities; (d) Administration Expenses paid or incurred prior to the Completion Date and legal, accounting, financial, underwriting, advertising, recording and printing expenses and all other fees and expenses paid or incurred by the Company in connection with the issuance and sale of the Bonds; (e) amounts in respect of interest (exclusive of accrued interest paid by the initial purchasers upon delivery thereof) accruing upon the Bonds until the Completion Date; (f) all other costs that the Company shall be required to pay under the terms of any contract or contracts for the construction of the Facilities; (g) any other costs or expenses paid or incurred by the Company, and any sums required to reimburse the Company for work done by it, with respect to the Facilities which are properly chargeable to the capital account of the Company with respect to the Facilities or would be so chargeable for federal income tax purposes either with a proper election or but for a proper election to deduct the same; and (h) amounts required to be paid to the United States by the Company (on behalf of the Authority) in respect of the Bonds pursuant to Section 148 of the Code. For purposes of the application of the proceeds of the Bonds, the Cost of Construction shall be deemed to include the payment or redemption, or provision therefor, of any obligations, other than the Bonds, issued to finance or refinance any of the costs listed above. The Cost of Construction shall also be deemed to include all costs paid or incu...
Cost of Construction with respect to the Project means the following: