Construction Price definition

Construction Price means $[●].

Construction Price means the total carrying value of the rig when placed into service following completion of construction, mobilization and customer acceptance and shall be representative of the all-in cost to construct the drillship or other drilling rig and place it into service, including property, plant and equipment, inventory and prepaid expenses.

Construction Price means $ , which is the total amount Contractor is charging Homeowner to construct, repair or install the Improvements.

Examples of Construction Price in a sentence

• All costs or expenses that would cause the Construction Price to exceed the GMP shall be borne by the Construction Manager unless adjusted by change order.

• The indexing rate shall be in accordance with the most recent change in the Statistics Canada Quarterly Construction Price Statistics, Catalogue Number 62-007-X.

• For greater certainty, Catalogue 62-007-X shall be referred to, and the Non-Residential Building Construction Price Index (Toronto) shall be used.

• If the Owner prefers to accept Work which is not in accordance with the requirements of the Contract Documents, the Owner may do so instead of requiring its removal and correction, in which case the Construction Price shall be reduced as appropriate and equitable.

• The Contractor and the Agency acknowledge that no funds or resources of SEU will be available to pay any portion the Construction Price (as defined in Section 1.1 (Definitions) of the Guaranteed Savings Agreement) other than the proceeds from the Bond issuance allocated to the Agency Project Account at the time of the issuance of the Bonds.

More Definitions of Construction Price

Construction Price means, with respect to a Proposer, the amount of the DB Price allocated to construction as set forth in row 49 (Subtotal Construction Work) of Form P-2 submitted as part of such Proposer’s Price Proposal.

Construction Price means £** (indexed from January 2001)

Construction Price means the amount of compensation applicable to the Work consisting of (a) the Fixed Component, and (b) the Reimbursable Component, as such amount may thereafter be adjusted pursuant to this Agreement.

Construction Price means $871,596,243.

Construction Price means the Fixed Construction Price and the Fixed Construction Price Adjustments.

Construction Price means the amount set forth in Schedule T, as that amount may be adjusted by Change Orders from time to time. Construction Schedule means the initial construction schedule set forth in Schedule G (Initial Construction and Installation Schedule) and any subsequent updated construction schedule delivered pursuant to Section 4.1(c).

Construction Price shall include all costs, in the categories identified on Exhibit B-1, to be incurred in construction the Phase Two Improvements together with legal costs and other costs of financing of the Demised Premises, if required, financing the Phase Two Improvements, interim financing during the construction period and costs for the preparation of the Site Plan, the schematics, the Phase Two Outline Plans and Specifications and the Phase Two Final Plans and Specifications. If Tenant is dissatisfied with such proposed Phase Two Basic Rent or the Construction Price, it may solicit bids to include all categories included within the Construction Price from two or more financially responsible building contractors experienced in constructing buildings similar to the proposed Phase Two Improvements and which are reasonably acceptable to Landlord. The contractors identified on Exhibit “G” (the “ Unacceptable Contractor List”) will not be acceptable contractors. Each of such financially responsible building contractors shall accompany its bid with a bid bond in the amount of its bid, issued by an acceptable commercial surety licensed to do business in the State of Minnesota, and shall agree to furnish a completion bond, including a bond against claims for labor and materials as well as the completion of such Phase Two Improvements. The competing bids shall include a sum for design and interim financing and shall provide for no progress payments; but, in place of such payments, there shall be one payment for the entire work due and payable upon completion of the work and acceptance by Landlord and Tenant. In determining whether the Construction Price of Landlord is in excess of the bid of the lowest financially responsible contractor submitting a bid, the premiums for the completion bond and mechanic’s xxxx xxxx shall be eliminated from such computation. If the Construction Price of Landlord is greater than one hundred three percent (103%) of the bid of the lowest financially responsible contractor submitting a bid (with all required bonds), Landlord shall elect OPTION A below. If the Construction Price of Landlord is equal to or less than one hundred three percent (103%) of the bid of the lowest financially responsible contractor submitting a bid (with all required bonds), Landlord shall, within fifteen (15) days, elect OPTION A or OPTION B below. OPTION A will be for Landlord to enter into a construction contract (as Owner) on terms acceptable to Landlord with the contract...