Total Construction Costs means the entire cost of performing the Work, including design of and space planning for the Work and preparation of the Working Drawings and the final “as-built” plan of the Work, costs of construction labor and materials, electrical usage during construction, additional janitorial services, standard building directory and suite tenant signage, related taxes and insurance costs, licenses, permits, certifications, surveys and other approvals required by Law, and the construction supervision fee referenced in Section 11 of this Exhibit.
Total Construction Costs means the entire cost of performing the Tenant’s Work, including design of and space planning for the Tenant’s Work and preparation of the Working Drawings and the final “as-built” plan of the Tenant’s Work, costs of construction labor and materials, electrical usage during construction, additional janitorial services, related taxes and insurance costs, licenses, permits, certifications, surveys and other approvals required by Law, phone and data cabling and equipment, security network, and construction management fees.
Total Construction Costs means the valuation of the proposed structures or improvements, as calculated based on the most recent building valuation data from the Uniform Building Code (UBC).
Examples of Total Construction Costs in a sentence
Notwithstanding anything to the contrary contained in this Exhibit “B”, in no event shall the estimated amount of the Total Construction Costs at the contract execution stage with the General Contractor exceed ninety-five percent (95%) the Improvement Cost Cap.
For the avoidance of doubt, no Change shall be permitted which would increase the Total Construction Costs in excess of the Improvement Cost Cap.
Landlord, at its reasonable option, may also change mechanical plans and specifications where necessary for the installation of any and all air conditioning systems and ductwork, heating, electrical and plumbing and other mechanical plans for the Tenant Improvement Plans, so long as such changes do not increase the Total Construction Costs or materially, adversely affect the layout or intended use set forth in the Tenant Improvement Plans.
Landlord shall promptly advise Tenant of the projected impact of the Change on the Total Construction Costs and the construction schedule, and, if such impact is not acceptable to Tenant, then Tenant, in its sole and absolute discretion, may decline to proceed with the requested Change by providing written notice to Landlord.
Landlord shall revise the Total Construction Costs from time to time to reflect any estimated cost increases or decreases for the Tenant Improvements from time to time, including such adjustments as may be required by any local governmental agencies, so long as such revisions do not increase the Total Improvement Cost by more than five percent (5%) or exceed the Improvement Cost Cap.
More Definitions of Total Construction Costs
Total Construction Costs means the valuation of the proposed structures or improvements, as calculated based on the most recent City of Los Altos Building Valuation Fee Schedule.
Total Construction Costs means all construction costs and expenditure valued by the independent quantity surveyor for the project, excluding development charges, differential premiums, statutory payments, consultants’ professional fees and expenses, financing costs and goods and services tax.
Total Construction Costs means: (a) construction cost based on the project final account prepared by the project quantity surveyor; (b)principal consultants’ fees, including payments to the project’s architect, civil and structural engineer, mechanical and electrical engineer, quantity surveyor and project manager; (c) the cost of obtaining all approvals for the project; (d) site staff costs; (e) interest costs on borrowings used to finance project cashflows that are capitalised to the project in line with generally accepted accounting practices; and (f) any other costs including contingency expenses which meet the definition of Total Construction Costs and can be capitalised to the project in accordance with generally accepted accounting practices.5. Rationale for and Key Benefits of the Acquisition Rationale The Acquisition is in line with the Manager’s strategy to diversify income stream and enhance resilience of MNACT’s portfolio. Japan continues to offer an attractive proposition due to the depth and quality of its freehold commercial real estate market and a high yield spread of prime office capitalisation rate against the Japan 10-year government bond yield.While the commercial real estate market in Japan is highly competitive, MNACT has been able to secure sizeable, quality and distribution per Unit (“DPU”) accretive acquisition opportunities in Japan. This will further enhance the sustainability of MNACT’s returns for Unitholders. Key Benefits 5.1 Deepening Footprint in the Resilient Japan Market
Total Construction Costs means the total of the Contract Purchase Price, PLUS Contributed Costs.
Total Construction Costs means the entire cost of performing the Work, including design of and space planning for the Work and preparation of the Working Drawings and the final “as-built” plan of the Work, costs of construction labor and materials, electrical usage during construction, additional janitorial services, standard building directory and suite tenant signage, related taxes and insurance costs, licenses, permits, certifications, surveys and other approvals required by Law, any applicable governmental fees, and the construction supervision fee referenced in Section 10 of this Exhibit. 9. Construction Allowance. Landlord shall provide to Tenant a construction allowance not to exceed$59,040.00 (the “Construction Allowance”) to be applied toward the Total Construction Costs of the Work as differentiated from the Additional Work or the Demising Work, as adjusted for any changes to the Work. The Construction Allowance shall not be disbursed to Tenant in cash, but shall be applied by Landlord to the payment of the Total Construction Costs of the Work, if, as, and when the cost of the Work is actually incurred and paid by Landlord. The Construction Allowance must be used (that is, the Work must be fully complete and the Construction Allowance disbursed) within six months following the Renewal Date or shall be deemed forfeited with no further obligation by Landlord with respect thereto, time being of the essence with respect thereto. 10. Construction Management. Landlord or its affiliate or agent shall supervise the Work with oversight by Tenant’s construction manager, make disbursements required to be made to the contractor, and act as a liaison between the contractor and Tenant and coordinate the relationship between the Work, the Property and the Building’s systems. In consideration for Landlord’s construction supervision services, Tenant shall pay to Landlord a construction supervision fee equal to three percent of the Total Construction Costs of the Work (exclusive of the construction supervision fee). 11. Additional Work. Landlord, at its sole cost and expense, will perform the following work, using Building-standard materials (collectively, the “Additional Work”): (a) professionally clean the Remining Premises, including cleaning carpets, light fixtures, diffusers, and blinds; (b) construct a Building-standard common corridor,(c) construct two (2) new offices, to match existing Building standard (including but limited to MEP, low voltage, finishes), and (d) construct a bui...
Total Construction Costs means the maximum of all costs and expenses, in US dollars, including without limitation legal, accounting and other fees and costs, that may be incurred by the District in obtaining all necessary approvals and for designing, permitting, engineering, constructing, coordinating, and testing of the District Interconnection Facilities, as set out in Appendix B, including those costs incurred prior to the execution of this Agreement, and the True-Up incurred after the execution of this Agreement.