Probable Construction Cost definition

Probable Construction Cost means the total amount (but not including contingencies) determined under any construction cost estimate to be the total hard construction cost for the Project in accordance with the Program.
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Probable Construction Cost is the estimate of the Construction Cost that is to be prepared by the DP for presentation to the Owner.
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Probable Construction Cost as used hereinafter, shall be the ARCHITECT'S best estimate of said total construction cost. If a construction delivery method other than competitive bidding is used for the Project, then the “Construction Cost” as used in this Article 4 shall be the total construction cost finally agreed to between the DISTRICT and the contractor(s) selected to build the Project.
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Examples of Probable Construction Cost in a sentence

  • At this submission, the Statement of Probable Construction Cost shall include a breakdown of the estimated construction cost computed at present prices, projected to the midpoint of construction, and a justification of the factors used for such projection.

  • ARCHITECT shall obtain DISTRICT'S written acceptance of each package of the Construction Documents, a final Tabulation of Areas, the updated Project Schedule and a Final Statement of Probable Construction Cost (“Final Statement”).

  • ARCHITECT shall prepare and provide to the DISTRICT Statements of Probable Construction Cost, at the end of the Schematic Design Phase, at the end of the Design Development Phase, and at 50% completion of Construction Documents Phase and at 100% completion of Construction Documents Phase.

  • ARCHITECT shall provide, as a Basic Service, full detailed and biddable maximum of five alternatives sufficient to cover the anticipated risk that the actual construction cost as established by bids will exceed the ARCHITECT'S Revised Statement of Probable Construction Cost as updated at the conclusion of the Design Development Phase.

  • DISTRICT shall review its Estimate, if any, and compare it to ARCHITECT'S Revised Statement of Probable Construction Cost.

  • ARCHITECT shall provide one set of reproducibles and CD Disc of the Design Development Documents, one master of the updated Statement of Probable Construction Cost, one master of the updated Project Development Schedule, and one master of the Revised Tabulation of Areas for approval of and reproduction by DISTRICT.

  • Upon completion of the Design Development Phase, ARCHITECT shall provide DISTRICT with the documents set forth in Article 1.3.2 and all other documents used to prepare ARCHITECT’S Revised Statement of Probable Construction Cost.

  • ARCHITECT shall not proceed to the Construction Documents Phase until ARCHITECT has secured DISTRICT'S written acceptance of the Design Development Documents, Revised Statement of Probable Construction Cost and Revised Tabulation of Areas, updated Design Schedule, updated Project Development Schedule, and DISTRICT'S written instructions to so proceed.

  • DISTRICT shall review its own Estimate, if any, and compare it to ARCHITECT'S Statement of Probable Construction Cost.

  • Upon completion of the Schematic Design Phase, ARCHITECT shall provide DISTRICT with the documents set forth in Article 1.2.4 and all other documents used in preparing ARCHITECT’S Statement of Probable Construction Cost.

Related to Probable 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.

  • Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.

  • 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.

  • 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.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

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

  • 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.

  • Existing construction means any structure for which the "start of construction" commenced before the effective date of the initial floodplain management code or ordinance adopted by the community as a basis for that community's participation in the NFIP.

  • The constructional plant means all appliances, tools, plants or machinery or whatsoever nature required in or about the execution, completion or maintenance of the works but does not include materials or other things intended to form part of the permanent work.

  • Begin actual construction means, in general, initiation of physical on-site construction activities on an emissions unit which are of a permanent nature. Such activities include, but are not limited to, installation of building supports and foundations, laying of underground pipework, and construction of permanent storage structures. With respect to a change in method of operation, this term refers to those on-site activities, other than preparatory activities, which mark the initiation of the change.

  • 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.

  • 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.

  • Formation Cost means preliminary expenses relating to regulatory and registration fees of the Scheme, flotation expenses of the Scheme, expenses relating to authorization of the Scheme, execution and registration of the Constitutive Documents, legal costs, printing, circulation and publication of this Offering Document, announcements describing the Scheme and all other expenses incurred until the end of the Initial Period.