Unit Construction Cost definition

Unit Construction Cost as set forth in the Unit Budget approved by Lender in its sole discretion, means, with respect to each Unit, the sum of (i) the “hard costs” associated with the construction of the Unit, (ii) the “soft costs” associated with the construction of the Unit, including property taxes, appraisal costs, architects and engineers fees, entitlement costs, project supervision costs and review and inspection fees, (iii) Up Front Costs, specifically approved by Lender, in it’s sole discretion and (iv) an amount approved by Lender representing the allocated financing costs with respect to such Unit.
Sample 1Sample 2
Unit Construction Cost as set forth in the Unit Budget approved by Bank in its sole discretion, means, with respect to each Unit, the sum of (i) the “hard costs” associated with the construction of the Unit, (ii) the “soft costs” associated with the construction of the Unit, including property taxes, appraisal costs, architects and engineers fees, entitlement costs, project supervision costs and review and inspection fees, (iii) Up Front Costs, specifically approved by Bank, in its sole discretion, and (iv) an amount approved by Bank representing the allocated financing costs with respect to such Unit. In the case of Model Units, the Unit Construction Cost shall also include upgrades associated with the use of such Unit as a Model Unit.
Sample 1
Unit Construction Cost means, with respect to each Unit, the sum of (a) the “hard costs” associated with the construction of the Unit, (b) the “soft costs” associated with the construction of the Unit, including property taxes, appraisal costs, architects and engineers fees, entitlement costs, project supervision costs and review and inspection fees, (c) “up-front fees” with respect to such Unit, including building permit fees, tap fees and fees of Governmental Authorities which are required to be paid prior to the start of the construction of the Unit, and (d) an amount approved by Administrative Agent representing the allocated financing costs with respect to such Unit.
Sample 1

Examples of Unit Construction Cost in a sentence

  • The respective Estimated Unit Construction Cost of types of real estate for each region may be obtained from the Bureau of Maintenance of the DPWH.

  • Acknowledgements Grateful thanks are extended to the library staff of the National Museum of Natural History, Leiden and of the Natural History Museum, Tring and South Kensington for much help with the more obscure literature.

  • National Construction Cost Index) surveyed and published by Fundação Getúlio Vargas; CUB, Custo Unitário Básico (Basic Unit Construction Cost), supplied by the State Sinduscon (Sindicato da Indústria da Construção (Construction Industry Syndicate), equal to construction cost per square meter of a 8-storey apartment building of two bedrooms apartments, surveyed in all Brazilian states.

  • The main factors affecting the EIRR are: traffic level, Unit Construction Cost, unit maintenance cost, road roughness, VOC and travel time.

  • The appraisal of buildings and other structures shall be in accordance with the approved Schedule of Base Unit Construction Cost (SBUCC) for buildings, which is an integral part of the Schedule of Fair Market Values including the additional items as may be determined by the assessor.

  • These unit costs included installation and were based on actual cost data provided by SCDOT for 2011.Table 18 Unit Construction Cost Data for Flexible Pavement Layers (2011 $) Pavement Layer Based on the pavement design for each traffic scenario for different highway functional classes (Table 17) and the unit costs provided in Table 18, construction cost per lane-mile was estimated for each design scenario as summarized in Table 19.

  • Date of Construction COMPUTATION BASED ON OBSERVED DEPRECIATION Reproduction Cost=Estimated Unit Construction Cost × (1 – Depreciation Rate) =P25,000/sq.m. (1 – 0.20) =P20,000/sq.m.Formula Rate=Reproduction Cost × Monthly Capitalization Rate =20,000 (0.20/12) = 20,000 (0.0167) =P334/sq.m./mo.Rental Rate=Formula Rate × Factor Value P334 (0.90) 300.60/sq.m./mo.

  • The respective Estimated Unit Construction Cost of types of real property for each region may be obtained from the Bureau of Maintenance of the DPWH.

  • Upon receipt of the above Statement of Delinquency, on October 22, 1991, Petitioner-Appellee, sought an administrative relief from Respondent- Appellant, on the ground that the assessment under Tax Declaration No. C- 126-02102-C, is excessive and without legal basis and further requested that aforesaid tax declaration be cancelled and a new tax declaration be issued adopting the old Schedule of Base Unit Construction Cost for Buildings for 1981-84 general revision.

  • Suggestions for the Future Research60References 62Appendix 66Appendix A: Model of Unit Construction Cost and Unit Rental Rate 66 List of Figures Figure 1.1 Research Outline 4Figure 2.1 Real Estate System (Geltner et al., 2006, p.


More Definitions of Unit Construction Cost

Unit Construction Cost means, with respect to each Unit, the sum of (i) the “hard costs” associated with the construction of the Unit; (ii) the “soft costs” associated with the construction of the Unit, including property taxes, appraisal costs, architects, and engineers fees, entitlement costs, project supervision costs and review and inspection fees; (iii) “up-front fees” with respect to such Unit including building permit fees, tap fees and fees of Governmental Authorities which are required to be paid prior to the start of the construction of the Unit; and (iv) any amount representing the allocated financing costs and other costs with respect to such Unit (determined in accordance with GAAP). With respect to Model Homes, the Unit Construction Cost shall also include upgrades associated with the use of such Unit as a Model Home.
Sample 1

Related to Unit Construction Cost

  • 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.

  • Building construction means any physical activity on the site involved in the erection of a structure, cladding, external finish, formwork, fixture, fitting of service installation and the unloading of plant, machinery, materials or the like.

  • New construction means, for the purposes of determining insurance rates, structures for which the "start of construction" commenced on or after the effective date of an initial FIRM or after December 31, 1974, whichever is later, and includes any subsequent improvements to such structures. For floodplain management purposes, "new construction" means structures for which the "start of construction" commenced on or after the effective date of the floodplain management regulations adopted by a community and includes any subsequent improvements to such structures.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • construction site means a workplace where construction work is being performed;

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Residential construction means construction on single-family or two-family dwellings occupied or used, or intended to be occupied or used, primarily for residential purposes, and includes real property pursuant to chapter 499B.

  • Pipeline Construction means a substantial disturbance to agricultural land associated with installation, replacement, removal, operation or maintenance of a pipeline, but shall not include work performed during an emergency. Emergency means a condition where there is clear and immediate danger to life or health, or essential services, or a potentially significant loss of property. When the emergency condition ends, pipeline construction will be in accordance with these rules.

  • Cost of Construction means the total cost to Owner of those portions of the entire Project designed or specified by the Design Professional. Cost of Construction does not include the Design Professional's compensation and expenses and Owner's expenses associated with the Project or the cost of other services to be provided by others to the Owner.

  • Commence Construction means that an owner or operator has either undertaken a continuous program of construction or has entered into a contractual obligation to undertake and complete, within a reasonable time, a continuous program of construction.

  • Constructional Plant means all equipments, materials, appliances or things of whatsoever nature required for execution, completion or maintenance of the works (as hereinafter defined) but does not include materials or other things intended to form or forming part of the permanent work.

  • Original construction ’ shall mean the first or initial construction

  • Construction and demolition debris means and includes:

  • Construction Debt means debt incurred to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on other Construction Debt or (c) distributions (including incremental Incentive Distributions) on Construction Equity.

  • Construction Works means all works and things necessary to complete the Project in accordance with this Agreement;

  • Completion of Construction means all the construction is complete except for minor weather-related components and conforms to the approved plans and specifications and change orders.

  • Construction Work means any work in connection with⎯