Direct Construction Cost definition

Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.
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Direct Construction Cost shall have the meaning set forth in Article 11.
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Direct Construction Cost means the cost to the Owner of all divisions of construction, including portable equipment only if designed or specified by the Architect for inclusion in the construction specifications.
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Examples of Direct Construction Cost in a sentence

  • Direct Construction Cost includes only the cost categories set forth in this Article and does not include the Pre-Construction Phase Fees or the Construction Phase Fees unless specifically noted.

  • Direct Construction Cost means the sum of the amounts that the CM actually and necessarily incurs constructing the Work in compliance with the Contract Documents.

  • That portion of those costs of a subcontractor default insurance program (including premium costs) and cost associated with payment and performance bonds obtained from Subcontractors (including premium costs) that are not reimbursable as Direct Construction Cost under Article 13 above or the Special Conditions shall be included in the Construction Phase Fee.

  • Direct Construction Cost means the sum of the amounts that Contractor actually and necessarily incurs constructing the Project in strict compliance with the Construction Documents.

  • References in the UGC to adjustments in “cost” or “costs” mean the Direct Construction Cost.

  • References in the UGSC to adjustments in “cost” or “costs” mean the Direct Construction Cost.

  • Per SF $155.85 $149.98 $178.35 Direct Construction Cost SF $65.67 $64.00 $71.17 INCOME SUMMARY BY PRODUCT AVERAGE PER HOME UNIT COST OF SALES TRIPLEX DUEPLEX SINGLE FAMILY Pre Acq.

  • In order to be reimbursed as Direct Construction Cost, such bonds must name the Owner, the respective Component, and the CM as obligees, and comply with the applicable provisions of the Contract Documents, including but not limited to Article 5 of the TSUS UGC.

  • Any and all costs not specifically identified as an element of the Direct Construction Cost.

  • Notwithstanding the terms of Paragraph 13.1.7 of the Agreement, CM shall be entitled to reimbursement, as Direct Construction Cost (General Conditions Costs), the actual premium costs for performance and payment bonds furnished by Subcontractors whose subcontract amounts exceed Five Hundred Dollars ($500,000), or as otherwise approved in advance by the Owner in writing, in its sole discretion.


More Definitions of Direct Construction Cost

Direct Construction Cost means the sum of the amounts that Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work, and Construction Manager’s Contingency during the Construction Phase as allowed by this Contract. Direct Construction Costs does not include Pre-Construction Phase Fees or Construction Phase Fees.
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Direct Construction Cost means the sum of the amounts that Construction Manager actually and necessarily incurs for General Requirements, General Conditions, and Cost of Work during the construction as allowed by this Agreement. Direct Construction Cost does not include Preconstruction Services fees or Construction Services fees.
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Direct Construction Cost means the cost to the Owner of all divisions of construction, including portable equipment only if designed or specified by the Design Professional for inclusion in the construction specifications.
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Direct Construction Cost is the sum of all applicable Construction General Conditions costs, Subcontractor costs, costs of self-performed work (if approved in writing in advance by Owner), Allowances and Contingencies.
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Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General
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Direct Construction Cost means the Cost of the Work plus the general conditions costs, but with no fee added.
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Related to Direct Construction Cost

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • Construction Work means any work in connection with⎯

  • Original construction ’ shall mean the first or initial construction

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.