Estimated Construction Cost definition
Estimated Construction Cost or “ECC” means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.
Estimated Construction Cost. (ECC) means the amount calculated by the Construction Manager for the total cost of all elements of the Work based on the Contract Documents available at the time(s) that the EEC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates, allowances and contingencies, designed and specified by the Project Architect and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall not include Construction Manager’s Pre-Construction Phase Fee, Project Architect Fees, cost of the land, rights-of-way, or any other costs that are the direct responsibility of the Owner.
Estimated Construction Cost. (“ECC”) means the amount calculated by Construction Manager for the total cost of all elements of the Work based on the Contract Documents available at the time(s) that the ECC is prepared. The ECC will be based on current market rates with reasonable allowance for overhead, profit and price escalation and will include and consider, without limitation, all alternates, allowances, and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC will not include Construction Manager’s Pre-Construction Phase Fee, A/E Fees, cost of the land, rights-of-way, or any other costs that are the direct responsibility of Owner.
Examples of Estimated Construction Cost in a sentence
The Design Professional’s estimate of Construction Cost, which will be submitted during each of the three phases described in §3.2 through §3.4. Estimated Construction Cost will be audit- trackable to the previous estimate and contain a level of detail satisfactory to the Owner.
Unless an alternate amount is otherwise specified in the documents incorporated by reference into Sections 4.3 (Study/Schematic Design Phase Governing Documents) or 6.2 (Design Phase Governing Documents) of this Contract, the minimum amount of such insurance shall equal the lesser of $5,000,000 or 10% of the Project’s Fixed Limit Construction Cost / Estimated Construction Cost but in no event less than $250,000 per claim.
If this Contract is for an amount exceeding $10,000 or is for the design of a Project with an Estimated Construction Cost exceeding $100,000, the Designer warrants and represents that Designer has filed a statement of management on internal accounting controls as set forth in Section 7.10.4 (Filing of Statement of Management on Internal Accounting Controls) below prior to the execution hereof.
If this is a contract for an amount exceeding $10,000 or is for the design of a Project having an Estimated Construction Cost exceeding $100,000, the Designer represents that it has filed prior to the execution hereof and will continue to file annually, an audited financial statement for the most recent completed fiscal year as set forth in Section 7.10.6 (Filing of Annual Statement Required) below.
All Estimated Construction Cost will have a reasonable basis and will be developed using the Design Professional’s best professional judgment.
More Definitions of Estimated Construction Cost
Estimated Construction Cost. (ECC) means the amount calculated by Construction Manager for the total cost of all elements of the project including, without limitation, all alternates, allowances and contingencies, designed and specified by Project A/E or reasonably inferable as a usual and customary component of the project or otherwise necessary for complete installation and operation of the project. The Estimated Construction Cost shall include, at current market rates with a reasonable allowance for overhead, profit and price escalation, the cost of labor and materials furnished by Construction Manager and any equipment which has been shown in the plans, specified, and specially provided for by Project A/E. The ECC shall include and consider the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC does not include Construction Manager’s Pre-Construction Phase Fee, Owner’s Construction Contingency, Owner’s Special Cash Allowance, Project A/E Fees, cost of the land, rights-of-way, or any other costs that are the direct responsibility of Owner.
Estimated Construction Cost means the total cost of all elements of the project, including, without limitation, all alternates, allowances and contingencies, designed and specified by the Design/Build Contractor. The Estimated Construction Cost shall include, at current market rates with a reasonable allowance for overhead, profit and price escalation, the cost of labor and materials furnished by the Owner and any equipment which has been shown in the plans, specified, and specially provided for by the Design/Build Contractor. Estimated Construction Cost does not include Design Phase Fees. Estimated Construction Cost does not include the cost of the land, rights-of-way, or any costs that are the responsibility of the Owner.
Estimated Construction Cost means an estimated calculation of construction costs using average costs in accordance with good engineering practices and based upon the following factors: amount of service required or desired by the customer requesting the extension; size, location and characteristics of the extension, including all appurtenances; and whether or not the ground is frozen or whether other adverse conditions exist. The average cost per foot shall be calculated utilizing the prior calendar year costs, to the extent such cost basis does not exceed the current costs using current construction cost methodologies, resources and material, and working conditions, divided by the total feet of extensions by size of pipe for the prior calendar year. In no event shall estimated construction costs include costs associated with facilities built for the convenience of the utility.
Estimated Construction Cost means an estimated calculation of construction costs using average costs in accordance with good engineering practices and based upon the following factors:
Estimated Construction Cost means the estimated sum of moneys, excluding sales tax, to be paid to construction contractors and suppliers for all labor, materials, equipment, and other related work necessary to construct the proposed project.
Estimated Construction Cost. The Construction Cost as estimated in the Construction Cost Estimate prepared collectively by the Designer, (if applicable) Designer’s professional cost estimator, and (if applicable) the independent cost estimator appointed by the Awarding Authority, at various points in the Study/Schematic Design Phase and Design Phase of the Project to the level of detail and in the format specified in this Contract.
Estimated Construction Cost or “ECC” means the amount calculated by the Design/Build Contractor for the total cost of all elements of the project, including, without limitation, all alternates, allowances and contingencies, designed and specified by the Design/Build Contractor or reasonably inferable as a usual and customary component of the project or otherwise necessary for complete installation and operation of the project. The Estimated Construction Cost shall include, at current market rates with a reasonable allowance for overhead, profit and price escalation, the cost of labor and materials furnished by the Design/Build Contractor and any equipment which has been shown in the plans, specified, and specially provided for by the Design/Build Contractor. The Estimated Construction Cost shall include and consider the cost of labor and materials necessary for installation of Owner furnished equipment. The Estimated Construction Cost does not include Pre-Construction Phase Fees, the Owner’s Construction Contingency, or the Owner’s Special Cash Allowance. The Estimated Construction Cost does not include the cost of the land, rights-of-way, or any costs that are the responsibility of the Owner.