Common use of Building Costs Clause in Contracts

Building Costs. The amount requested for this line item on the application was $3,300,000. The allowable amount based on the low bid received is $3,486,025 Allowable Building Costs are $3,486,025.

Building Costs. The amount requested for this line item on the application was $3,300,000. The allowable Due to the limit of local authorization amount, the Sub-Total line item is limited to $3,936,000. This amount based on the low bid received is therefore reduced to $3,486,025 3,263,330. Allowable Building Costs are $3,486,0253,263,330.