Cost to Complete means the sum of all qualifying costs necessary to complete a construction project and documented in an approved construction budget. Qualifying costs generally include on- or off-site improvements; building construction; other reasonable and customary costs paid to construct or improve a project, including a general contractor’s fees; other expenses normally included in a construction contract such as bonding and contractor insurance; the value of the land, determined as the sum of the cost of any improvements to the land and the lesser of appraised market value or purchase price; interest as provided by this subparagraph; project costs as provided by this subparagraph; a contingency account to fund unanticipated overruns; and other development costs such as fees and related pre-development expenses. Interest expense is a qualifying cost only to the extent it is included in the construction budget and is calculated based on the projected changes in the loan balance up to the expected “as-complete” date for owner-occupied non-income-producing commercial real property or the “as stabilized” date for income-producing real estate. Project costs for related parties, such as developer fees, leasing expenses, brokerage commissions and management fees, are included in qualifying costs only if reasonable in comparison to the cost of similar services from a third party. Qualifying costs exclude interest or preferred returns payable to equity partners or subordinated debt holders, the developer’s general corporate overhead, and selling costs to be funded out of sales proceeds such as brokerage commissions and other closing costs.
Cost to Complete means at any time the amount required to complete the development in accordance with the building contract, the plans and specifications and the development consents as estimated by our consultant;
Cost to Complete means the sum of all qualifying costs necessary to complete a construction project and documented in an approved construction budget.
Examples of Cost to Complete in a sentence
Hospital shall pay the Certified Cost to Complete to the Contractor or as otherwise directed by Contractor and shall not accept any re-direction without the consent of the Person to whom payment is directed.
SCDOT reserves the right to delete any or all conditions placed on the Total Cost to Complete, and/or reserves the right to reject any Bid that is conditional or contains additions not called for in the plans and specifications.
The contractor shall provide a monthly cost analysis report of each Work Area (WA) and totals to the CLIN level to the CSCS Comptroller and COR that includes as a minimum: WA title, actual cost incurred to date, fee, Estimate Cost to Completion and Total Cost to Complete for each WA.
Each Total Cost to Complete will be analyzed relative to the other weighted criteria factors and compared against the confidential SCDOT Engineer’s Estimate.
The Total Cost to Complete and all other weighted criteria factors for each respective Proposer will be entered into the weighted criteria formula to determine a total weighed criteria score.
More Definitions of Cost to Complete
Cost to Complete means at any time, all then-unpaid Construction Costs expected to be incurred through the Final Completion Date, assuming that construction of the Project is completed in accordance with the Approved Plans and Specifications, which amount shall be determined by the Administrative Agent after consultation with the Construction Consultant.
Cost to Complete means the cost to complete the Entrustment Activities,including the Project Management Cost;
Cost to Complete means that the Scheme Manager only invests against the actual construction costs and retains sufficient funds such that it is able to complete the project;
Cost to Complete means, as at any relevant date of calculation, the amount of the remaining Project Costs with respect to the Project to be incurred or incurred but not yet paid for the Project to reach Final Completion in accordance with the then applicable Construction Budget and Schedule for the Project, which shall include (i) a reasonable contingency amount,(ii) the maximum amount of any known variations or other change orders under any Material Project Document, and (iii) projected project costs in accordance with the then applicable Construction Budget and Schedule required to be incurred to achieve Final Completion on or before the Longstop Date.
Cost to Complete means, as applicable, the total of all hard costs and soft costs as reasonably determined by Lender to complete an Eligible Lot or a Unit as provided in the Unit Budgets and Eligible Lot Budgets provided to Lender.
Cost to Complete means the actual and anticipated cost of materials, labor, and other items, including, but not limited to, back charges, allocated Overhead, and assessments or penalties for termination or late completion (including, but not limited to, liquidated damages) (but only to the extent such assessments or penalties are actually imposed) required to complete the Work required by any Bonded Contract, including, without limitation, anything for which Surety is or may become liable under the Bonds.
Cost to Complete means, in respect of any Depot, the amount (if any) it would cost the Secretary of State to complete construction, refurbishment and/or renovation of such Depot in accordance with the relevant Depot Specification, as determined by the Secretary of State taking account of: