Construction Budgets Sample Clauses

Construction Budgets. The Bank shall have received budgets that shall set forth the aggregate amount of funds to be expended to make the Improvements on the Projects, and which budgets are in form and substance satisfactory to the Bank.
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Construction Budgets. 3.1 ABED has no control over the cost of any Contractor's labor, materials or equipment, over any Contractor's methods of determining bid prices, or over competitive bidding, market or negotiating conditions. Accordingly, ABED will not warrant or represent that bids or negotiated prices will not vary from any budget for construction or evaluation prepared by or agreed to by ABED. 3.2 No fixed limit of construction cost shall be established as a condition of this Agreement by the furnishing, proposal, or establishment of a Project budget.
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Construction Budgets. Landlord shall deliver to Tenant, for Tenant's -------------------- review and approval, all budgets for the Initial Improvement Work. Upon receipt of each budget, Tenant shall have a period of five (5) business days in which to approve the same. It shall be a Tenant Delay if Tenant fails to approve a budget within five (5) business days, as aforesaid, unless such disapproval is due to an error by Landlord or the General Contractor. Landlord shall share all cost and budget information with Tenant and permit Tenant at all reasonable times to inspect all records relating to the performance and expense of the Initial Improvement Work.
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Construction Budgets. The Construction Budget shall not be adjusted except upon written direction by the City for changes, additions or deletions by the City to the Project Program. No other act, direction or Approval, written or verbal, or course of conduct, by the City shall be construed as authorization of an adjustment in the Construction Budget. The Design Consultant shall notify the City in writing whenever it appears that the Construction Budget or any Estimated Project Construction Cost provided by the Design Consultant may be exceeded, for any reason, and shall make recommendations to reduce the Construction Budget. The Design Consultant shall notify the City, in writing, within seven (7) Days after receipt of any request or direction or that the Design Consultant believes constitutes a change, addition or deletion to the Project Program that requires an adjustment to the Construction Budget. This time period may be adjusted by mutual agreement. Failure by the Design Consultant to submit such written notice in a timely manner shall conclusively waive the Design Consultant’s right to an adjustment of the Construction Budget on account of such direction or information.
Sample 1
Construction Budgets. 11 2.1.15 Licensing 11 2.1.16 Written Authorization by the City 11 2.1.17 Authority of the Design Consultant 11 2.1.18 Independent Design Review 11 2.1.19 Time of the Essence 11 2.2 SCHEMATIC DESIGN XXXXX 00 2.2.1 Project Program 12 2.2.2 Applicable Code Requirements 12 2.2.3 Alternate Approaches 12 2.2.4 Schematic Studies 12 2.2.5 Estimated Project Construction Cost 12 2.3 DESIGN XXXXXXXXXXX XXXXX 00 2.3.1 Design Development Documents 12 2.3.2 Systems Criteria 13 2.3.3 Estimated Project Construction Cost 13 2.4 CONSTRUCTION DOCUMENTS PHASE 13 2.4.1 Construction Documents 13 2.4.2 City Review 13 2.4.3 Content, Completeness 13 2.4.4 Changes, Corrections 14 2.4.5 Final Approval 14 2.4.6 Estimated Project Construction Cost 14 2.5 XXX XXXXX 00 2.5.1 Pre-Qualification 15 2.5.2 Addenda, Clarifications 15 2.5.3 Pre-Bid Conference 15 2.5.4 Bid Evaluations 15 2.5.5 Budget; Revisions 15 2.6 CONSTRUCTION PHASE 16 2.6.1 Duration 16 2.6.2 Administration 16 2.6.3 Attendance at Meetings 16
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Construction Budgets. The Borrower has prepared or provided each applicable Construction Budget and Schedule required to be delivered in good faith and on the basis of reasonable assumptions that are consistent with the provisions of the applicable Material Project Documents then in effect.
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Construction Budgets. (i) Illustration of “Qualified Offset” Clause (i) Computation (j) February 28, 2010 Backlog Report (k) February 28, 2010 Model Home Prices (a) Scheduled Real Property 2.1(p) Other Purchased Assets 2.2(j) Other Excluded Assets 2.3(b) Specified Assumed Liabilities 2.4(k) Certain Excluded Land Development Liabilities 3.2(b) Closing Adjustment Methodology (b) JV Real Property 5.10(b) Open Tax Audits (I) Exceptions to Ordinary Conduct of Business 8.2(II) Units to be Weatherized 8.12 Commitments
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Construction Budgets. A budget for the construction of the System (the "Construction Budget") shall be prepared by MLA and submitted to MCELL for approval within thirty (30) days from the Effective Date. MLA shall provide MCELL with weekly reports on the status of construction and a comparison of expenditures versus amounts budgeted for the categories set out in the Construction Budget.
Sample 1

Related to Construction Budgets

  • Construction Budget The total amount indicated by the District for the Project plus all other costs, including design, construction, administration, financing, and all other costs.

  • Project Budget A Project Budget shall be prepared and maintained by Grantee. The Project Budget shall detail all costs for which the Grant will be used during the Term. The Project Budget must be approved in writing by the Project Monitor. Grantee shall carry out the Project and shall incur costs and make disbursements of funds provided hereunder by the Sponsor only in conformity with the Project Budget. The current approved Project Budget is contained in Attachment “C”. Said Project Budget may be revised from time to time, but no Project Budget or revision thereof shall be effective unless and until the same is approved in writing by Project Monitor. The funds granted under this Grant Contract cannot be used to supplant (replace) other existing funds.

  • Construction Cost Budget The total cost to District of all elements of the Project designed or specified by the Architect, as adjusted during and at the end of the design phase in accordance with this Agreement and the Agreement for Architectural Services. The Construction Cost Budget does not include the compensation of the Project Design Team, the Program Manager (if any), the Construction Manager and any subconsultants, the cost of the land, rights-of-way, or financing which are the responsibility of the District.

  • Construction Contract; Cost Budget Prior to execution of a construction contract, Tenant shall submit a copy of the proposed contract with the Contractor for the construction of the Tenant Improvements, including the general conditions with Contractor (the “Contract”) to Landlord for its approval, which approval shall not be unreasonably withheld, conditioned or delayed. Following execution of the Contract and prior to commencement of construction, Tenant shall provide Landlord with a fully executed copy of the Contract for Landlord’s records. Prior to the commencement of the construction of the Tenant Improvements, and after Tenant has accepted all bids and proposals for the Tenant Improvements, Tenant shall provide Landlord with a detailed breakdown, by trade, for all of Tenant’s Agents, of the final estimated costs to be incurred or which have been incurred in connection with the design and construction of the Tenant Improvements to be performed by or at the direction of Tenant or the Contractor (the “Construction Budget”), which costs shall include, but not be limited to, the costs of the Architect’s and Engineers’ fees and the Landlord Coordination Fee. The amount, if any, by which the total costs set forth in the Construction Budget exceed the amount of the Tenant Improvement Allowance is referred to herein as the “Over Allowance Amount”. In the event that an Over-Allowance Amount exists, then prior to the commencement of construction of the Tenant Improvements, Tenant shall supply Landlord with cash in an amount equal to the Over-Allowance Amount. The Over-Allowance Amount shall be disbursed by Landlord prior to the disbursement of any of the then remaining portion of the Tenant Improvement Allowance, and such disbursement shall be pursuant to the same procedure as the Tenant Improvement Allowance. In the event that, after the total costs set forth in the Construction Budget have been delivered by Tenant to Landlord, the costs relating to the design and construction of the Tenant Improvements shall change, any additional costs for such design and construction in excess of the total costs set forth in the Construction Budget shall be added to the Over-Allowance Amount and the total costs set forth in the Construction Budget, and such additional costs shall be paid by Tenant to Landlord immediately as an addition to the Over-Allowance Amount or at Landlord’s option, Tenant shall make payments for such additional costs out of its own funds, but Tenant shall continue to provide Landlord with the documents described in items (i), (ii), (iii) and (iv) of Section 2.2.2.1 of this Tenant Work Letter, above, for Landlord’s approval, prior to Tenant paying such costs. All Tenant Improvements paid for by the Over-Allowance Amount shall be deemed Landlord’s property under the terms of the Lease.

  • Construction Schedule The progress schedule of construction of the Project as provided by Developer and approved by District.

  • Construction Work The regulation at 41 C.F.R. § 60-1.3 defines “construction work” as the construction, rehabilitation, alteration, conversion, extension, demolition or repair of buildings, highways, or other changes or improvements to real property, including facilities providing utility services. The term also includes the supervision, inspection, and other onsite functions incidental to the actual construction.

  • Construction Plans Tenant shall prepare final plans and specifications for the Tenant Improvements that (a) are consistent with and are logical evolutions of the Approved Schematic Plans and (b) incorporate any other Tenant-requested (and Landlord-approved) Changes (as defined below). As soon as such final plans and specifications ("Construction Plans") are completed, Tenant shall deliver the same to Landlord for Landlord's approval, which approval shall not be unreasonably withheld, conditioned or delayed. All such Construction Plans shall be submitted by Tenant to Landlord in electronic .pdf, CADD and full-size hard copy formats, and shall be approved or disapproved by Landlord within ten (10) business days after delivery to Landlord. Landlord's failure to respond within such ten (10) business day period shall be deemed approval by Landlord. If the Construction Plans are disapproved by Landlord, then Landlord shall notify Tenant in writing of its objections to such Construction Plans, and the parties shall confer and negotiate in good faith to reach agreement on the Construction Plans. Promptly after the Construction Plans are approved by Landlord and Tenant, two (2) copies of such Construction Plans shall be initialed and dated by Landlord and Tenant, and Tenant shall promptly submit such Construction Plans to all appropriate Governmental Authorities for approval. The Construction Plans so approved, and all change orders approved (to the extent required) by Landlord, are referred to herein as the "Approved Plans."

  • Project Changes Project changes prior to bid opening shall be made by addendum to plans and specifications. Changes after bid opening shall be made by change order. The Local Government shall submit all addenda and all change orders to the Department for an eligibility determination. After execution of all construction, equipment and materials contracts, the Project contingency may be reduced.

  • Construction Progress Schedule A schedule indicating proposed activity sequences and durations, milestone dates for receipt and approval of pertinent information, preparation, submittal, and processing of Shop Drawings and Samples, delivery of materials or equipment requiring long-lead time procurement, and proposed date(s) of Material Completion and Occupancy and Final Completion. The schedule will be developed to represent the sixteen or seventeen CSI Specification Divisions. It shall have a minimum number of activities as required to adequately represent to Owner the complete scope of work and define the Project’s critical path and associated activities. If the Project is to be phased, then each individual Phase should be identified from start through completion of the overall Project and should be individually scheduled and described, including any Owner’s occupancy requirements and showing portions of the Project having occupancy priority. The format of the schedule will have dependencies indicated on a monthly grid identifying milestone dates such as construction start, phase construction, structural top out, dry-in, rough-in completion, metal stud and drywall completion, equipment installation, systems operational, Material Completion and Occupancy Date, final inspection dates, Punchlist, and Final Completion date.

  • Operating Budgets (i) The Borrower shall prepare, or cause to be prepared, for each fiscal year of the Borrower and each Wholly Owned Opco an operating and capital expense budget setting forth the anticipated revenues, and Operating Expenses (including expenses for Non-Covered Services) of each such Relevant Party for such fiscal year. The initial operating budget for 2015 is attached as Exhibit L hereto. For each succeeding fiscal year (commencing with 2016), the Borrower shall, not later than forty-five (45) days prior to the end of the current fiscal year (commencing in 2015), submit such Operating Budget to the Administrative Agent for its approval (acting on the instructions of the Required Lenders); provided that the approval of the Administrative Agent shall be deemed to be given if (A) the Operating Expenses set forth in the Operating Budget do not exceed the greater of (x) 20% in the aggregate over the amount budgeted for such Operating Expenses of the Borrower and the Wholly Owned Opcos in the then-current Base Case Model for the applicable year and (y) $125,000 and (B) such Operating Budget is otherwise consistent with the then-current Base Case Model for the applicable year. (ii) The Borrower shall, and shall cause each Holdco to, deliver to the Administrative Agent (i) each Operating Budget submitted to the Tax Equity Members in respect of a Tax Equity Opco, at the same time as delivered to such Tax Equity Member but in no event later than as required under the applicable Limited Liability Company Agreement and (ii) when available, any amendments to such Operating Budget, together with all notices or correspondence regarding the approval of such Operating Budget (if applicable) by the Tax Equity Member; provided that the approval of the Administrative Agent (acting on the instructions of the Required Lenders) shall be required (such approval not to be unreasonably withheld or delayed but notwithstanding any permitted variances in any operating budgets approved by a Tax Equity Member) if (A) the aggregate Non-Covered Services included in such Operating Budgets collectively exceed the greater of (x) 20% in the aggregate over the amount budgeted for Operating Expenses in respect of the Tax Equity Opcos in the then-current Base Case Model for the applicable year and (y) $500,000 and (B) such Operating Budgets are otherwise consistent with the then-current Base Case Model for the applicable year.

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