Construction Costs and Requirements Sample Clauses

Construction Costs and Requirements a. The amount that can be used to pay for development costs will be identified on a project-by- project basis in EXHIBIT B. In no case will this amount exceed the maximum per unit amount as defined at 24 CFR 92.250. b. Xxxxx Xxxxxx Development Corporation will provide construction management for the project to ensure that construction work is being carried out in accordance with plans, specifications, and the project budget. c. Xxxxx Xxxxxx Development Corporation must make sure contractor obtains and posts all permits on job site. Prior to releasing final payment on each unit, Xxxxx Xxxxxx Development Corporation must also secure a Certificate of Occupancy from the contractor that has been issued by the Department of Licenses and Inspection. d. Xxxxx Xxxxxx Development Corporation must collect progress and final lien releases from the contractor, subcontractors, and material suppliers prior to making a payment to a contractor. e. HCD may continually inspect each unit for contract compliance and to determine the percent of completion prior to processing a draw request and releasing payment. HCD may elect to make up to five (5) payments per unit. HCD may choose not to release payments if the work being performed is not of acceptable quality to HCD and if the unit is not being built or rehabilitated in accordance with plans and specifications, or if project is not on schedule.
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Construction Costs and Requirements a. The amount that can be used to pay for development costs will be identified on a project-by-project basis in EXHIBIT B. In no case will this amount exceed the maximum per unit amount as defined at 24 CFR 92.250. b. Sand Hills Urban Development, Inc. will provide construction management for the project to ensure that construction work is being carried out in accordance with plans, specifications, and the project budget. c. Sand Hills Urban Development, Inc. must make sure contractor obtains and posts all permits on job site. Prior to releasing final payment on each unit, Sand Hills Urban Development, Inc. must also secure a Certificate of Occupancy from the contractor that has been issued by the Department of Licenses and Inspection. d. Sand Hills Urban Development, Inc. must collect from the contractor a copy of the construction supply invoice and submit to HCD at time of Notice to Proceed. e. Sand Hills Urban Development, Inc. must collect progress and final lien releases from the contractor, subcontractors, and material suppliers prior to making a payment to a contractor. f. HCD may continually inspect each unit for contract compliance and to determine the percent of completion prior to processing a draw request and releasing payment. HCD may elect to make up to five (5) payments per unit. HCD may choose not to release payments if the work being performed is not of acceptable quality to HCD and if the unit is not being built or rehabilitated in accordance with plans and specifications, or if project is not on schedule.
Construction Costs and Requirements a. The amount that can be used to pay for development costs will be identified on a project-by- project basis in EXHIBIT B. In no case will this amount exceed the maximum per unit amount as defined at 24 CFR 92.250. b. Reality Dream House will provide construction management for the project to ensure that construction work is being carried out in accordance with plans, specifications, and the project budget. c. Reality Dream House must make sure contractor obtains and posts all permits on job site. Prior to releasing final payment on each unit, Reality Dream House must also secure a Certificate of Occupancy from the contractor that has been issued by the Department of Licenses and Inspection. d. Reality Dream House must collect progress and final lien releases from the contractor, subcontractors, and material suppliers prior to making a payment to a contractor. e. HCD may continually inspect each unit for contract compliance and to determine the percent of completion prior to processing a draw request and releasing payment. HCD may elect to make up to five (5) payments per unit. HCD may choose not to release payments if the work being performed is not of acceptable quality to HCD and if the unit is not being built or rehabilitated in accordance with plans and specifications, or if project is not on schedule.
Construction Costs and Requirements a. The amount that can be used to pay for development costs will be identified on a project-by-project basis in EXHIBIT B. In no case will this amount exceed the maximum per unit amount as defined at 24 CFR 92.250. b. Antioch Ministries, Inc., Inc. will provide construction management for the project to ensure that construction work is being carried out in accordance with plans, specifications, and the project budget. c. Antioch Ministries, Inc., Inc. must make sure contractor obtains and posts all permits on job site. Prior to releasing final payment on each unit, Antioch Ministries, Inc., Inc. must also secure a Certificate of Occupancy from the contractor that has been issued by the Department of Licenses and Inspection. d. Antioch Ministries, Inc., Inc. must collect from the contractor a copy of the construction supply invoice and submit to HCD at time of Notice to Proceed. e. Antioch Ministries, Inc., Inc. must collect progress and final lien releases from the contractor, subcontractors, and material suppliers prior to making a payment to a contractor. f. HCD may continually inspect each unit for contract compliance and to determine the percent of completion prior to processing a draw request and releasing payment. HCD may elect to make up to five (5) payments per unit. HCD may choose not to release payments if the work being performed is not of acceptable quality to HCD and if the unit is not being built or rehabilitated in accordance with plans and specifications, or if project is not on schedule.
Construction Costs and Requirements a. The amount that can be used to pay for development costs will be identified on a project-by- project basis in EXHIBIT B. In no case will this amount exceed the maximum per unit amount as defined at 24 CFR 92.250. b. Reality Dream House will provide construction management for the project to ensure that construction work is being carried out in accordance with plans, specifications, and the project budget. c. Reality Dream House must make sure contractor obtains and posts all permits on job site. Prior to releasing final payment on each unit, Reality Dream House must also secure a Certificate of Occupancy from the contractor that has been issued by the Department of Licenses and Inspection. d. Reality Dream House must collect progress and final lien releases from the contractor, subcontractors, and material suppliers prior to making a payment to a contractor. e. HCD may continually inspect each unit for contract compliance and to determine the percent of completion prior to processing a draw request and releasing payment. HCD may elect to make up to five (5) payments per unit. HCD may choose not to release payments if the work being performed is not of acceptable quality to HCD and if the unit is not being built or rehabilitated in accordance with plans and specifications, or if project is not on schedule.
Construction Costs and Requirements a. The amount that can be used to pay for development costs will be identified on a project-by- project basis in EXHIBIT B. In no case will this amount exceed the maximum per unit amount as defined at 24 CFR 92.250. b. Habitat for Humanity will provide construction management for the project to ensure that construction work is being carried out in accordance with plans, specifications, and the project budget. c. Habitat for Humanity must make sure contractors obtain and posts all permits on job site. Prior to releasing final payment on each unit, Habitat for Humanity must also secure a Certificate of Occupancy from the contractor that has been issued by the Department of Licenses and Inspection. d. Habitat for Humanity must collect progress and final lien releases from the contractor, subcontractors, and material suppliers prior to making a payment to a contractor. e. HCD may continually inspect each unit for contract compliance and to determine the percent of completion prior to processing a draw request and releasing payment. HCD may elect to make up to five (5) payments per unit. HCD may choose not to release payments if the work being performed is not of acceptable quality to HCD and if the unit is not being built or rehabilitated in accordance with plans and specifications, or if project is not on schedule.
Construction Costs and Requirements a. The amount that can be used to pay for development costs will be identified on a project-by-project basis in EXHIBIT B. In no case will this amount exceed the maximum per unit amount as defined at 24 CFR 92.250. b. Antioch Ministries, Inc., Inc. will provide construction management for the project to ensure that construction work is being carried out in accordance with plans, specifications, and the project budget. c. Antioch Ministries, Inc., Inc. must make sure contractor obtains and posts all permits on job site. Prior to releasing final payment on each unit, Antioch Ministries, Inc., Inc. must also secure a Certificate of Occupancy from the contractor that has been issued by the Department of Licenses and Inspection. d. Antioch Ministries, Inc., Inc. must collect from the contractor a copy of the construction supply invoice and submit to HCD at time of Notice to Proceed. e. Antioch Ministries, Inc., Inc. must collect progress and final lien releases from the contractor, subcontractors, and material suppliers prior to making a payment to a contractor. f. HCD may continually inspect each unit for contract compliance and to determine the percent of completion prior to processing a draw request and releasing payment. HCD may elect to make up to five (5) payments per unit. HCD may choose not to release payments if the work being performed is not of acceptable quality to HCD and if the unit is not being built or rehabilitated in accordance with plans and specifications, or if project is not on schedule.
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Related to Construction Costs and Requirements

  • 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.

  • Operating Costs Tenant shall pay to Landlord the Tenant’s Percentage of Operating Costs (as hereinafter defined) incurred by Landlord in any calendar year. Tenant shall remit to Landlord, on the first day of each calendar month, estimated payments on account of Operating Costs, such monthly amounts to be sufficient to provide Landlord, by the end of the calendar year, a sum equal to the Operating Costs, as reasonably estimated by Landlord from time to time. The initial monthly estimated payments shall be in an amount equal to 1/12th of the Initial Estimate of Tenant’s Percentage of Operating Costs for the Calendar Year. If, at the expiration of the year in respect of which monthly installments of Operating Costs shall have been made as aforesaid, the total of such monthly remittances is greater than the actual Operating Costs for such year, Landlord shall promptly pay to Tenant, or credit against the next accruing payments to be made by Tenant pursuant to this subsection 4.2.3, the difference; if the total of such remittances is less than the Operating Costs for such year, Tenant shall pay the difference to Landlord within twenty (20) days from the date Landlord shall furnish to Tenant an itemized statement of the Operating Costs, prepared, allocated and computed in accordance with generally accepted accounting principles. Any reimbursement for Operating Costs due and payable by Tenant with respect to periods of less than twelve (12) months shall be equitably prorated.

  • Overtime requirements No contractor or subcontractor contracting for any part of the contract work which may require or involve the employment of laborers or mechanics shall require or permit any such laborer or mechanic in any workweek in which he or she is employed on such work to work in excess of forty hours in such workweek unless such laborer or mechanic receives compensation at a rate not less than one and one-half times the basic rate of pay for all hours worked in excess of forty hours in such workweek.

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