Project Construction Cost means the total cost of all construction contracts involving work that has been designed or specified by the Designer in furtherance of the Project, but does not include any payments made to the Designer or consultants.
Project Construction Cost means the estimate of total construction costs to the District for the projects described in Article 3, as initially submitted by the Architect pursuant to this Agreement and accepted by the District, as subsequently revised by changes to the Project Construction Cost under Article 5 of this Agreement, and as subsequently revised at the time the District enters a construction contract to equal the construction contract amount.
Examples of Project Construction Cost in a sentence
The Professional will review and approve, reject or take other appropriate action on submittals (e.g., shop drawings, product data, samples, proposed equal materials or equipment and requested substitutions) within not more than fourteen (14) calendar days, and will not approve any submittals unless such submittals conform with (i) the Project design concept; (ii) this Contract For Construction; and, (iii) the City's budgeted Total Project Construction Cost.
The revised Project Construction Cost shall be based on current area, volume and other unit costs.
The design development documents shall include a revised Project Construction Cost, and a revised construction schedule.
The revised Project Construction Cost shall be based on current area, volume and other unit costs, and on a mutually acceptable recognized building cost index, and shall include a reasonable contingency.
Architect shall also update the construction schedule and the Project Construction Cost for written approval of District’s governing board.
More Definitions of Project Construction Cost
Project Construction Cost means the estimate of construction costs to DISTRICT as designed or specified by ARCHITECT and accepted by DISTRICT until such time as responses have been received, whereupon it shall be the accepted construction agreement amount, including alternates designed when accepted, increased by the dollar amounts of all approved additive change order items. ARCHITECT shall perform design development services to keep the PROJECT within all budget and scope constraints set by DISTRICT, unless otherwise modified by written authorization by DISTRICT.
Project Construction Cost means the Architect's dated estimate, including the major categories of work, of the entire Project's current cost of construction with respect to each phase of development. Architect's estimate will include all items that would be included by the Construction Contractor in its bid to the Owner. These items may include, but not be limited to, allowances of the Construction Contractor for field and home office overhead, labor, payment and performance bonds, insurance and profit. The Architect's estimate represents the Architect's best judgment as a design professional familiar with the construction industry. It is recognized, however, that neither the Architect nor the Owner has control over the cost of labor, materials, or equipment, over the Contractor's methods of determining bid prices or over competitive bidding, market or negotiating conditions. However, it is understood that the Architect cannot and does not warrant or represent that bid or negotiated prices will not vary, but that the overall Project cost may not exceed Owner’s Project Budget approved by the Owner.
Project Construction Cost means the total estimated cost of construction contained in the engineer's report submitted as part of the application for a permit to construct a public community water system under N.J.A.C. 7:10-11, excluding engineering, legal fees, financial fees and land acquisi- tion costs.
Project Construction Cost means the estimated cost to the City of actually constructing an assigned project, but such cost shall not include any Design Consultant's or special consultant's fees or reimbursements or the cost of equipment installed by the City under separate contract, unless the Design Consultant is required by the City to prepare drawings and specifications for such equipment. The initial Project Construction Cost for the project to which the Design Consultant is assigned shall be provided to the Design Consultant at the time the Design Consultant prepares its proposal for that project. Such cost shall be subject to increase or decrease at the sole option of the Executive Director.
Project Construction Cost means the estimate of total construction costs to the District as initially submitted by the Architect under this Agreement and accepted by the District, and as subsequently revised in these ways: (a) Revised by changes to the Project Construction Cost under Article 5 of this Agreement; (b) revised at the time the District enters a construction contract, to equal the construction contract amount, (c) increased by the dollar amounts of all approved additive contract change order items, with the exception of (i) items resulting from Wrongful Acts or Omissions on the part of the Architect, including but not limited to those items covered by Section 5.7.19.2, below, (ii) payments to Architect or consultants for costs of inspections, surveys, tests and sites and landscaping not included in the Project, and (iii) items where Architect and District agreed to compensate the Architect for its services on an hourly basis, pursuant to Section 5.7.19.1, below; and (d) decreased by the dollar amounts of all approved deductive contract change order items.
Project Construction Cost means the estimate of construction costs to DISTRICT as designed or specified by ARCHITECT and accepted by DISTRICT until such time as responses have been received, whereupon it shall be the accepted construction agreement amount, including alternates designed when accepted, increased by the dollar amounts of all approved additive change order items.
Project Construction Cost means the amount in Dollars, exclusive of VAT, which according to the Budget (excluding the value of the costs inherent to the land, among which is the value of the land of the Properties considering a value of USD$60,000,000.00 (sixty million and 00/100 Dollars) and to each determination of the progress of the work as updated by the Technical Consultant from time to time, constitutes the total amount of the funds necessary for the completion of the Construction Period of the Project on each date of determination. This cost will include, among others, interest derived from Debt, fees, financial services expenses, licenses, permits, and the purchasing of Insurance and surety bonds until the completion of the Construction Period of the Project.