Draft Construction AFE definition

Draft Construction AFE means the draft form of Construction AFE setting out Operator's most recently prepared estimate of the scope and costs to be included therein and distributed to the Owners when initiating the formal process of considering whether to make the Decision to Construct;
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Examples of Draft Construction AFE in a sentence

  • In addition, when the Owners have initiated the formal process of considering whether to make the Decision to Construct, the Operator will also provide to Producer copies of the Draft Construction AFE and the related draft Work Program and Budget that are distributed to the Owners for such purpose at the same time such documents are distributed to the Owners.

Related to Draft Construction AFE

  • Original construction means the first or initial construction

  • New construction means, for the purposes of determining insurance rates, structures for which the "start of construction" commenced on or after the effective date of an initial FIRM or after December 31, 1974, whichever is later, and includes any subsequent improvements to such structures. For floodplain management purposes, "new construction" means structures for which the "start of construction" commenced on or after the effective date of the floodplain management regulations adopted by a community and includes any subsequent improvements to such structures.

  • Vertical construction means the construction or remodeling of any building, structure or other improvement that is predominantly vertical, including, without limitation, a building, structure or improvement for the support, shelter and enclosure of persons, animals, chattels or movable property of any kind, and any improvement appurtenant thereto.

  • Residential construction means construction on single-family or two-family dwellings occupied or used, or intended to be occupied or used, primarily for residential purposes, and includes real property pursuant to chapter 499B.

  • Horizontal construction means the construction of any fixed work, including any irrigation, drainage, water supply, flood control, harbor, railroad, highway, tunnel, airport or airway, sewer, sewage disposal plant or water treatment facility and any ancillary vertical components thereof, bridge, inland waterway, pipeline for the transmission of petroleum or any other liquid or gaseous substance, pier, and work incidental thereto. The term does not include vertical construction, the construction of any terminal or other building of an airport or airway, or the construction of any other building.