Maximum Approved Cost definition

Maximum Approved Cost means the maximum amount that the Judicial Council will pay to Contractor for the Work performed pursuant to a TO.
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Maximum Approved Cost. The amount established in accordance with paragraph 6(c) that Tenant has agreed to pay for the Improvements to the Premises.
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Maximum Approved Cost means the sum of the Construction as outline above and any additional amount that Tenant has agreed to pay for the Improvements to the Premises.
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Examples of Maximum Approved Cost in a sentence

  • Any TO with a Maximum Approved Cost in excess of $100,000 without the written approval of the Facility Services Manager shall be considered void and will not be paid by the Judicial Council.

  • In no event will the Judicial Council pay the Contractor more than the Maximum Approved Cost specified in a TO for Work performed pursuant to that TO.

  • Any TO with a proposed Maximum Approved Cost in excess of $100,000 must have the approval of the Facility Services Manager.

  • The Contractor shall not exceed the Maximum Approved Cost without the express written consent of the Judicial Council.

  • Any changes to the Maximum Approved Cost must be fully justified and approved by the Judicial Council.

  • Maximum Approved Cost (MAC).‌ If the Contractor has commenced a Cost Plus TO and becomes aware that completion of the TO may exceed the original applicable Maximum Approved Cost, Contractor shall immediately notify the Judicial Council and provide the Judicial Council with justification for the additionalcost.


More Definitions of Maximum Approved Cost

Maximum Approved Cost. The sum of the Tenant Construction Allowance and any additional amount that Tenant has agreed to pay for the Improvements pursuant to Paragraph 5.(h).
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Maximum Approved Cost means the maximum amount that the AOC will pay to Contractor for the Work performed pursuant to an SWO.
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Related to Maximum Approved Cost