Construction Cost—Definition Sample Clauses

Construction Cost—Definition. 3.1 The Estimated Construction Cost shall be the total cost of all elements of the Project, including all alternate bids or proposals, designed, and specified by the Project Architect. 3.2 The Estimated Construction Cost shall include at current market rates a reasonable allowance for overhead, profit and general conditions, the cost of labor and materials furnished by the Owner and any equipment which has been shown in the plans, specified, and specially provided for by the Project Architect. 3.3 The Estimated Construction Cost does not include compensation to the Project Architect and the Project Architect’s consultants, the cost of the land, rights-of-way, or other costs which are the responsibility of the Owner as provided in Article 2.

Construction Cost—Definition. 3.1 The Estimated Construction Cost means the amount calculated by the Project Architect for the total cost of all elements of the Project, including all alternate bids or proposals, designed and specified by the Project Architect or reasonably inferable as a usual and customary component of the project or otherwise necessary for complete installation and operation of the Project. 3.2 The Estimated Construction Cost shall include at current market rates a reasonable allowance for overhead, profit and general conditions, the cost of labor and materials furnished by the Contractor and any equipment which has been shown in the plans, specified, and specially provided for by the Project Architect. The Estimated Construction Cost shall include and consider the cost of labor and materials necessary for installation of Owner furnished equipment which has been shown in the plans, specified, and specifically provided by the Project Architect. 3.3 The Estimated Construction Cost does not include compensation to the Project Architect and the Project Architect’s consultants, the Owner’s Construction Contingency, the Owner’s Special Cash Allowance, the cost of the land, rights-of-way, or other costs which are the responsibility of the Owner as provided in Article 2.

Construction Cost—Definition. 3.1 The Estimated Construction Cost shall be the total cost of all elements of the project, including all alternate bids or proposals, designed and specified by the PSProvider. 3.2 The Estimated Construction Cost shall include at current market rates a reasonable allowance for overhead, profit and general conditions, the cost of labor and materials furnished by the Owner and any equipment which has been shown in the plans, specified, and specially provided for by the PSProvider. 3.3 The estimated Construction Cost does not include compensation to the PSProvider and the PSProvider’s consultants, the cost of the land, rights-of-way, or other costs which are the responsibility of the Owner as provided in Article 2.

Construction Cost—Definition. ‌ 3.1 The Estimated Construction Cost shall be the total cost of all elements of the project, including all alternate bids or proposals, designed and specified by the Project Architect. 3.2 The Estimated Construction Cost shall include at current market rates a reasonable allowance for overhead, profit and general conditions, the cost of labor and materials furnished by the Owner and any equipment which has been shown in the plans, specified, and specially provided for by the Project Architect. 3.3 The Estimated Construction Cost does not include compensation to the Project Architect and the Project Architect’s consultants, the cost of the land, rights-of-way, or other costs which are the responsibility of the Owner as provided in Article 2. Article 4‌ 4.1 Direct Salary Expense (“DSE”) is defined as the actual salaries, expressed on an hourly wage basis, prior to deductions for employment taxes (such as FICA, Medicare, income tax withholding) and employee-paid benefits, of all personnel, including Project Architect’s employees directly engaged on the Project (and performing consultations or research or preparing designs, drawings, and specifications for the Project). DSE shall exclude mandatory and customary fringe benefits and employee benefits (such as employer-paid insurance, sick leave, holidays, vacation, pensions and similar contributions, or additions such as bonuses or other surplus payments), overhead expense (which includes salaries of bookkeepers, secretaries, clerks, and the like), and profit relating to the Project. Any multiplier applied to such DSE shall be for the purpose of covering such fringe benefits, expense, and profit. All personnel shall mean anyone employed by the Project Architect and its consultants including, but not limited to, Architects, officers, principals, associates, project architect, CADD technicians, engineers, designers, job captains, draftspersons, and specifications writers, who are performing consultation, research or design, or who are producing drawings, specifications, plans, or other documents pertaining to the Project, or who are performing services during construction at the Property that are directly attributable to, and necessary for, such construction. 4.2 Prior to entering into any agreement between the Project Architect and the Owner, and the Project Architect and its consultants, the Project Architect shall submit a full list of all personnel titles and the hourly wage for each which is attached hereto a...

Construction Cost—Definition. 3.1 The Estimated Construction Cost means the amount calculated by Project A/E for the total cost of all elements of the Project, including all alternate scopes of work, designed and specified by Project A/E or reasonably inferable as a usual and customary component of the Project or otherwise necessary for complete construction of the Project. 3.2 The Estimated Construction Cost shall include at current market rates a reasonable allowance for overhead, profit and general conditions costs, the cost of labor and materials to be furnished by Contractor and any equipment which has been shown in the plans, specified, and specially provided for by Project A/E. The Estimated Construction Cost shall include and consider the cost of labor and materials necessary for installation of Owner-furnished equipment which has been shown in the plans, specified, and specifically provided by Project A/E. 3.3 The Estimated Construction Cost does not include compensation to Project A/E and Project A/E’s consultants, Owner’s Construction Contingency, Owner’s Special Cash Allowances, the cost of the land, rights-of-way, or other costs which are the responsibility of Owner as provided in Article 2.