Developer Hard Cost Contingency definition

Developer Hard Cost Contingency means those certain funds set aside in the “Soft Costs” category of the Budget and labeled “Developer Hard Cost Contingency”.
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Examples of Developer Hard Cost Contingency in a sentence

  • Borrower shall be responsible for paying all cost overruns on the Project as they occur, which may be paid from documented line item cost savings in the Budget or from the Contractor Hard Cost Contingency, the Developer Hard Cost Contingency, or the Developer Soft Cost Contingency, but in each instance, only in accordance with the terms and provisions set forth in the subsection below captioned “Line Item Savings” and “Contingency”.

Related to Developer Hard Cost Contingency

  • Hard Costs means and includes building Acquisition costs, Site Work costs and Construction and Rehab costs, as shown in the Applicant’s properly completed UniApp, Section C, Uses of Funds.

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Construction management at-risk means a project delivery method in which the District awards separate contracts, one for architectural and engineering services to design an infrastructure facility and the second to a construction manager at-risk for both construction of the infrastructure facility according to the design and construction management services.

  • Standard Cost means any cost computed with the use of preestablished measures.

  • Construction Services means either of the following for construction-manager-at-risk, design-build and job-order-contracting project delivery methods: