Construction Costs. Under no circumstances shall the Consultant be liable for extra costs or other consequences due to unknown conditions or related to the failure of contractors to perform work in accordance with the plans and specifications. Consultant shall have no liability whatsoever for any costs arising out of the Client’s decision to obtain bids or proceed with construction before the Consultant has issued final, fully-approved plans and specifications. The Client acknowledges that all preliminary plans are subject to substantial revision until plans are fully approved and all permits obtained.
Construction Costs. Tenant shall pay for all construction costs, including, but not limited to permits, costs of materials and labor, sales tax, construction management fees and the like except to the extent of the Tenant Improvement Allowance which shall be paid by Landlord. The term “Tenant Improvement Allowance” shall mean the sum of $316,020.00 (or $15.00 per square foot of rentable area times 21,068 square feet of rentable area) which Landlord agrees to pay towards the construction costs. Landlord agrees to pay architectural fees and design services up to $1.25 per rentable square foot. Any services performed by the architect above the $1.25 per rentable square foot shall be the responsibility of the Tenant and may be paid out of the Tenant Improvement Allowance to the extent funds are available. Notwithstanding anything to the contrary, provided there is any unused portion of the Tenant Improvement Allowance, up to 20% of the allowance can be used by the Tenant as a moving allowance or for communications costs for cabling and data. Tenant must submit invoices for such allowances for Landlord to pay. Xxxxxx Development will act as General Contractor for the construction of tenant improvements, competitively bidding each trade to at least three subcontractors, the typical five percent (5%) construction management fee will not be charged to Tenant or deducted from the Tenant Improvement Allowance. Landlord shall obtain bids based on the Approved Pricing Plans and construct the Work as described in the Approved Pricing Plans. If after finalizing the Approved Working Drawings, it is determined that the construction costs will exceed the amount of the Tenant Improvement Allowance (an “Excess”), then Tenant shall pay to Landlord the amount of such Excess within ten (10) days of written request from Landlord. Notwithstanding anything to the contrary, if Tenant fails to pay any Excess timely, Landlord shall not be obligated to commence construction of the Work and such delay shall constitute a Tenant Delay for each day beyond the ten (10) day period until the Excess is paid to Landlord. If Tenant elects not to use Xxxxxx Development as the General Contractor, Tenant understands that Landlord, or its designated agent, shall serve as construction manager for all of Tenant’s refurbishment and renovations in the refurbishment and renovations in the Premises and the fee for such service is 5% of the total cost of all work performed in connection with such refurbishment and renovation...
Construction Costs. All units of construction necessary for the completion of the project shall be performed at no additional costs for the City unless specifically listed as a pay item.
Construction Costs. All costs, expenses, fees, taxes and charges to construct the Tenant Improvements, including, without limitation, the following:
Construction Costs. The QESP is responsible for determining construction costs and defining a budget for cost-effective ESMs, which may change during project development. Clarify design standards and the design approval process (including changes) and how costs will be reviewed.
Construction Costs. 4.1 If the cost of construction exceeds the cost agreed upon by the City by more than 5% of the lowest bona fide bid or negotiated proposal, the City may (1) give written approval of an increase in such fixed limit, (2) authorize rebidding or renegotiating of the Project, (3) terminate the Project and this Agreement in accordance herewith, or
Construction Costs. Professional has no control over the cost of labor, materials, equipment or services furnished by others, or over the contractor’s methods of determining prices, or over competitive bidding or market conditions. Professional’s opinions of probable total Project costs and construction costs are made on the basis of Professional’s experience and qualifications and represent Professional’s best judgment as an experienced and qualified Professional, familiar with the construction industry. Professional cannot and does not guarantee that proposals, bids or actual costs will not vary from opinions of probable costs prepared by Professional.
Construction Costs a. LESSEE agrees to invest a minimum initial capital investment of fifteen million dollars ($15,000,000) in new facilities and Improvements in the Project. LESSEE further agrees to make additional and on-going upgrade capital investments in facilities and Improvements as may be required by the franchise license agreement to maintain the franchise license with an upscale, high quality, and nationally recognized hotel brand.
b. Before beginning any future structures, facilities, improvements, additions or alterations, LESSEE shall, through its contractor or otherwise, provide performance, labor and material payment, and statutory bonds with respect to any improvement that exceeds One hundred thousand dollars ($100,000) in cost constructed on the Premises in the full amount for the project contract. The general contractor shall be the principal on such bonds, the LESSOR shall be the obligee and a surety company or companies qualified to do business in Kansas shall serve as surety. Such performance, labor and material payment bonds shall name the Wichita Airport Authority and the City of Wichita, Kansas as the obligees. The statute of limitations on all such bonds shall be for a minimum of two (2) years from project completion.
c. For construction of any improvements that exceeds One Hundred thousand dollars ($100,000) constructed on the Premises, LESSEE shall purchase and maintain a builder’s risk insurance policy, or require its prime contractor to carry such policies, in a sum equal to the full project replacement value as set forth in Section 28 LIABILITY INSURANCE. Builder’s Risk coverages shall be in effect from the date of the construction notice-to-proceed and continue in force until all financial interest ceases. The Wichita Airport Authority and the City of Wichita shall be named as additional insured on such policies, and all policies shall be written by insurers subject to LESSOR’s reasonable approval.
d. If at any time during the Initial and Option Terms of this Agreement, LESSEE desires to have LESSOR provide Improvements on LESSEE’s behalf, and LESSOR agrees to provide such Improvements, the following process and procedures shall be followed:
1) LESSEE shall consult with LESSOR, and LESSOR shall then develop and provide to LESSEE a scope of work and a preliminary cost estimate for the Improvements. Upon LESSEE’s written acceptance of the scope of work and preliminary cost estimate, LESSOR shall proceed with design. At the conclusion of the desig...
Construction Costs. Under no circumstances shall Xxxxxx-Xxxx be liable for extra costs or other consequences due to unknown conditions or related to the failure of contractors to perform work in accordance with the plans and specifications. Xxxxxx-Xxxx shall have no liability whatsoever for any costs arising out of the Client’s decision to obtain bids or proceed with construction before Xxxxxx-Xxxx has issued final, fully approved plans and specifications. The Client acknowledges that all preliminary plans are subject to substantial revision until plans are fully approved and all permits obtained.
Construction Costs. The costs of labor, materials, equipment (inclusive of the Contractor’s general administrative and overhead costs/profit) necessary to complete construction of an Assigned Project.
