Maximum allowable construction cost definition

Maximum allowable construction cost means the maximum cost of the work to construct the project including a percentage for risk contingency, negotiated support services, and approved change orders.
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Maximum allowable construction cost means the
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Maximum allowable construction cost means the maximum cost of
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More Definitions of Maximum allowable construction cost

Maximum allowable construction cost. (MACC) means the maximum cost of the work to construct the project including a percentage for risk contingency, negotiated support services, and approved change orders.
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Maximum allowable construction cost means the maximum cost of the work to construct the project including
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Maximum allowable construction cost or “MACC” means the amount that is set by the District and represents the total sum available for the cost of the work, the CMAR Fee, and General Conditions, excluding gross receipts tax, but may include furnishings, fixtures and equipment. MACC shall not include professional fees, testing fees, District’s project contingency funds, acquisition costs or other soft costs.
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Related to Maximum allowable construction cost

  • Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.

  • Maximum allowable cost list means a list of drugs for

  • 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.

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

  • Allowable cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.