Soft Cost Contingency definition

Soft Cost Contingency. As defined in Section 4.3(a).
Soft Cost Contingency means Borrower’s contingency line item for Soft Costs as shown in the Development Budget.
Soft Cost Contingency means the amount identified in the Development Budget under the line item classification for “Soft Cost Contingency,” as it may be adjusted pursuant to Line Item Savings Change.

Examples of Soft Cost Contingency in a sentence

  • First Housing recommends a Soft Cost Contingency in the amount of 5% of the General Development Costs less contingency.

  • Soft Cost Contingency Budget Line: The soft cost contingency budget line shall be for funds set aside for unforeseen increases in project soft costs after the construction loan closing.

  • An unpublished M.A. thesis submitted to the Central Department of Population Studies (CDPS), TU.

  • A Hard Cost Contingency of 5% and a Soft Cost Contingency of 5% of General Development Costs were utilized and meets the requirements of the RFA.

  • SUBTOTAL$0.00 SOFT COSTSProperty Appraisal Market Study Environmental Reports Tax Credit Fees Rent-Up (Marketing) Compliance Fees Soft Cost Contingency Other (specify) 8.

  • The Soft Cost Contingency has been adjusted to be within the maximum of 5% of Total General Development Costs and is within Rule Chapter 67-21.

  • SMG limits Soft Cost Contingency such that it does not exceed 5% of General Development Costs.

  • Upon a motion duly made by Dr. Kinney, seconded by Ms. Butler, the School Committee voted unanimously (5-0) to approve HMFH Amendment #7 in the amount of $7,700 for additional geotechnical on-site monitoring services related to the excavation of the existing leaching field and funded from the Owner’s Soft Cost Contingency and to authorize Chair Barbara Fletcher to sign the contract on behalf of the Wayland School Committee.

  • Notwithstanding the foregoing, any reallocation of the Reserves, including the Contingency Reserves, Interest Reserve, Soft Cost Contingency and Hard Cost Contingency shall be subject to the prior written approval of Lender.

  • First Housing adjusted the Soft Cost Contingency to be 5% of the General Development Costs less the soft cost contingency, as allowed by Rule Chapters 67-48 and 67-21 for new construction developments.


More Definitions of Soft Cost Contingency

Soft Cost Contingency means the line item established in the Budget to pay soft construction costs of the Project that are in excess of specific line items in the Budget, whether as a result of price increases, changes in the Plans or otherwise.
Soft Cost Contingency. As such term is defined in Section 10.3.

Related to Soft Cost Contingency

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Project Cost means the costs incurred in connection with the

  • 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.

  • 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.

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

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • 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.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Hard Costs means all costs and expenses payable for supplies, materials, labor and profit with respect to the Improvements under any Construction Contract.

  • Planned special exposure means an infrequent exposure to radiation, separate from and in addition to the annual occupational dose limits.

  • Emergency Expenditure means with respect to Part 3.2 of the Project, any of the Eligible Expenditures set forth in the CERC Operations Manual in accordance with the provisions of Section I.A.3 of Schedule 2 to this Agreement and required for the activities included in the CERC Part of the Project.

  • 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.

  • 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.

  • 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.

  • Direct Costs means the sum of the following:

  • Approved Budget means an annual budget-

  • Subprojects means more than one such Subproject.

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

  • Total Project Cost means all the funds to complete the effort proposed by the Applicant, including DOE funds (including direct funding of any FFRDC) plus all other funds that will be committed by the Applicant as Cost Sharing.

  • 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.

  • 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.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Construction Fee means a fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or provide major repairs or rehabilitations on a Property.

  • Standard Cost means any cost computed with the use of preestablished measures.

  • Approved Operating Expenses operating expenses incurred by Borrower which (i) are included in the Approved Operating Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Property or (iii) have been approved by Lender, such approval not to be unreasonably withheld, conditioned or delayed.