Estimated Project Sum definition

Estimated Project Sum means Design-Builder’s preliminary estimate of the total amount Owner will pay for the Project, generated in accordance with Section 5.2.
Sample 1Sample 2Sample 3

Examples of Estimated Project Sum in a sentence

  • Design-Builder shall use the final Estimated Project Sum to prepare for Owner Parties a detailed Project budget, including an Estimated Pricing Amendment Sum for each Deliverable Portion of Work, in accordance with this Agreement, and on the dates set forth in the Project Schedule.

  • In the event the Project’s cost estimates, including the Estimated Pricing Amendment Sums, when taken together, exceed the Estimated Project Sum, Design-Builder shall meet with Owner Parties to discuss changes and review alternatives necessary to maintain a mutually acceptable Project budget.

  • During the Design Phase, Design-Builder shall work with Owner Parties to regularly estimate costs and analyze constructability of all major components and systems of the Work such that the design and budget can timely develop together.‌‌ Upon the dates set forth in the Project Schedule and in accordance with the development of the Services, Design-Builder shall submit to Owner Parties its final updated Estimated Project Sum.

  • Design-Builder shall assist Owner to refine its proposed budgets, including by generating and delivering to Owner Parties its Estimated Project Sum, utilizing the Project Criteria, and estimating techniques appropriate to the Project’s stage of development, and shall refine the Estimated Project Sum based on changes during the Project.

  • In the event the Project’s cost estimates, including the Estimated Pricing Amendment Sums, when taken together, exceed the Estimated Project Sum, Design- Builder shall meet with Owner Parties to discuss changes and review alternatives necessary to maintain a mutually acceptable Project budget.

  • During the Design Phase, Design-Builder shall work with Owner Parties to regularly estimate costs and analyze constructability of all major components and systems of the Work such that the design and budget can timely develop together.‌ Upon the dates set forth in the Project Schedule and in accordance with the development of the Services, Design-Builder shall submit to Owner Parties its final updated Estimated Project Sum.

  • In the event the Work cost estimates, including the Estimated Pricing Amendment Sums, when taken together, exceed the Estimated Project Sum, Design- Builder shall meet with Owner Parties to discuss changes and review alternatives necessary to maintain a mutually acceptable budget for the Work.

  • Upon the dates set forth in the Schedule and in accordance with the development of the Services, Design- Builder shall submit to Owner Parties its final updated Estimated Project Sum.

  • Design-Builder shall estimate and inform Owner Parties of affects such alternative schedules may have on the Estimated Project Sum.

  • Design-Builder shall assist Owner to refine its proposed budgets, including by generating and delivering to Owner Parties its Estimated Project Sum, utilizing the Project Criteria, and estimating techniques appropriate to each stage of development, and shall refine the Estimated Project Sum based on changes during the Work.

Related to Estimated Project Sum

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Project area budget means a multiyear projection of annual or cumulative

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Qualified Project Costs shall have the meaning given to it in the Regulatory Agreement.

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Cost Estimate means the detailed projected expenditure, including material costs and overhead, equipment costs and overhead, labor costs and overhead, and all taxes associated with each major material and service component, required for a line extension. It shall also separately identify any incremental costs associated with providing premium services. The Company may, for the purpose of standardization, establish standard construction cost estimates, for basic or premium service plans, which shall not exceed, in any event, the average cost of constructing such line extensions in the area involved, in which case the term “cost estimate” as used in this section will be understood to mean the standard estimate thus established.

  • 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.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Approved Project means the Scheme application of the Applicant approved by the CIC.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Total Project Costs means the total amount of money required to complete the Project.

  • Property Expenses means the costs (including, but not limited to, payroll, taxes, assessments, insurance, utilities, landscaping and other similar charges) of operating and maintaining any Eligible Property or Property which secures Other Recourse Debt that are the responsibility of the Borrower or the applicable Material Subsidiary that are not paid directly by any Tenant, but excluding depreciation, amortization, interest costs and maintenance capital expenditures.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Building Operating Expenses means the portion of "Operating Expenses," as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Project Schedule means a document that, with respect to each Phase of the Project, identifies, coordinates and integrates the anticipated design and construction schedules, the Contracting Authority’s and Owner's responsibilities, government authority reviews and other activities as are necessary for the timely completion of the Work.

  • Total Project Cost means the lowest of the following:

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • 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.