Final Construction Cost definition

Final Construction Cost has the meaning set forth in Exhibit I.
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Final Construction Cost means the firm and best estimate of the total project construction cost to the Owner, and the town that the Owner represents in this Agreement, in conformance with MassDOT cost estimating standards for all elements of the Project designed or specified by the Consultant and its sub-consultants.
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Final Construction Cost means the final aggregate construction cost of a New Tank, as contemplated by Exhibit H, Exhibit I and Exhibit J.
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Examples of Final Construction Cost in a sentence

  • The Owner reserves the right to accept a proposal and award a construction contract that exceeds the Final Construction Cost Limitation, if such award is determined by Owner to be in the Owner’s best interest.

  • The Owner reserves the right to accept a proposal and award a construction contract that exceeds the Final Construction Cost Limitation, if such award is determined by ODR to be in the Owner’s best interest.

  • Promptly following the New Tank Commencement Date, HEP Operating will deliver a written certification to HFRM certifying the Final Construction Cost for the New Tank.

  • In the event the best value proposal received for the Project exceeds the Final Construction Cost Limitation established at the completion of the Construction Document Phase, the Project Architect, without charge to the Owner, and if so directed by Owner, shall revise the drawings and specifications as necessary to bring the cost of the Project within the Final Construction Cost Limitation.

  • The Consultant’s estimates of Final Construction Cost represent the Consultant’s judgment as a design professional familiar with the construction industry.

  • Accordingly, the Consultant cannot and does not warrant or represent that bids or negotiated prices will not vary from the Final Construction Cost.

  • Likewise, if the Final Construction Cost is less than the “Target Construction Cost”, the Contractor's ****** will be increased according to a preset percentage of every dollar below the Deadband lower limit ("Contractor Fee Increase Percentage") as shown in Exhibit 5.1-3, “****** Table”.

  • The proceeds of such Construction Project Advance that are to defray Construction Costs or are in respect of the Final Construction Cost Advance shall be disbursed by the Administrative Agent, acting as the Disbursement Agent, directly to the General Contractor or as the General Contractor may direct in writing.

  • If the Final Construction Cost exceeds the “Target Construction Cost”, but the Final Construction Cost is within the upper limit of the Deadband (within [*****%] of the Target Construction Cost, or less than [*****%] of the Target Construction Cost), then the Fee will not be adjusted based upon this adjustment mechanism.

  • The proceeds of such Subsequent Project Advance that are to defray Construction Costs or are in respect of the Final Construction Cost Advance shall be disbursed by the Disbursement Agent directly to the General Contractor or as the General Contractor may direct in writing.


More Definitions of Final Construction Cost

Final Construction Cost means the firm and best estimate of the total project construction cost to the Owner, and the town that the Owner represents in this Agreement, in conformance with MassDOT cost estimating standards for all elements of the Project designed or specified by the Consultant and its sub-consultants. The Final Construction Cost shall include the cost of labor and materials at market rates current at the time of completion of all work under this Agreement, plus a reasonable allowance for a contractor’s overhead and profit. The Final Construction Cost shall include a schedule for estimated cost escalation for each year that construction start is delayed, up to 5 years. The Final Construction Cost does not include the compensation of the Consultant and the Consultant’s subconsultants under this Agreement, the costs of the land, rights-of-way, financing or other costs. The Final Construction Cost does not include the compensation of a Consultant to perform Project construction engineering, change order, and oversight services on behalf of the Owner.
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Final Construction Cost as used herein means the total of all expenditures relating to the Construction Component, including, but not limited to, construction contract administration, notifications, advertising, copying, construction engineering support, construction staking, demolition, clearing, grubbing, grading, construction of pedestrian walkway, driveway approaches, drainage facilities, pedestrian crossings, and other structures as needed, testing, inspections, preparation of as-built plans, approved project changes, and the personnel costs of Monte Sereno and Saratoga based upon actual time expended in connection with the Construction Component plus all applicable overhead expenses and any reasonable unanticipated costs of administration incurred by Saratoga provided that such unanticipated costs do not exceed 10% of Construction Cost Local Share. The Final Construction Cost shall be determined upon completion of the Construction Component but in no event shall exceed $1,000,000 without the prior written consent of the parties.
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Final Construction Cost means the final cost to Owner of all Work performed by the Constructor. The Final Construction Cost for purposes of this Agreement will be adjusted for all actual costs which result from force majeure events, Owner delays, and any changes to the Project made at Owner’s direction or request (but not changes required to address acts or omissions of the Architect, Construction Manager, or Constructor).
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Final Construction Cost means the firm and best estimate of the total project construction cost to the Owner, and the town that the Owner represents in this aAgreement, in conformance with MassDOT cost estimating standards for all elements of the Project designed or specified by the Consultant and its subCconsultants. The Final Construction Cost shall include the cost of labor and materials at market rates current at the time of completion of all work under this aAgreement, plus a reasonable allowance for a contractor’s overhead and profit. The Final Construction Cost shall include a schedule for estimated cost escalation for each year that construction start is delayed, up to 5 years. The Final Construction Cost does not include the compensation of the Consultant and the Consultant’s subCconsultants under this aAgreement, the costs of the land, rights-of-way, financing or other costs. The Final Construction Cost does not include the compensation of a Consultant to perform Project construction engineering, change order, and oversight services on behalf of the Owner.
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Related to Final Construction Cost

  • Direct Construction Cost shall have the meaning set forth in Article 11.

  • 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.

  • 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.

  • Original construction means the first or initial construction

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of