Construction Expenditures Sample Clauses
The Construction Expenditures clause defines the rules and limitations regarding the costs incurred during a construction project. It typically outlines what types of expenses are considered allowable, sets procedures for approving and documenting expenditures, and may establish spending limits or require prior consent for certain costs. By clearly specifying how construction funds can be used and monitored, this clause helps prevent unauthorized spending and ensures that project finances are managed transparently and efficiently.
Construction Expenditures. For all expenditures related to construction projects detailed in Attachment A, the following terms shall apply:
i. Per the contingent approval by the SLIB, the Grantee shall require the
ii. The Grantee shall include in the general contractor’s contract either (1) the language of the Completion Date Guarantee, or (2) a provision requiring the general contractor to include the language of the Completion Date Guarantee in every subcontractor’s contract. If the Grantee is unable to secure a contract satisfying this provision, OSLI shall not disburse any funds related to construction projects.
iii. As conditions for disbursing funds to the Grantee, the Grantee agrees:
a. To make arrangements for appropriate professional supervision and management of the Project.
b. To provide to the OSLI all project plans and specifications.
c. To establish payment schedules providing that all work shall be completed prior to December 15, 2020.
d. That OSLI is not responsible or liable for compliance with construction schedules or completion dates.
e. That the Grantee shall be solely responsible for its compliance with all applicable state statutes, including but not limited to, state statutes regarding local preferences, procurement, accounting, and contractor retainage accounts.
f. That OSLI is not responsible for construction supervision or management.
g. To provide the OSLI with access to all information on all aspects of the project and make available for inspection such documents and reports on the progress of the work and on the results of tests of materials and workmanship or other information as may be requested by the OSLI.
h. That in no event shall OSLI, SLIB, or the State of Wyoming be responsible for any project costs incurred after December 15, 2020.
iv. Prior to ordering a change to the project, the Grantee shall submit proposed changes to OSLI for review. OSLI shall have a minimum of five (5) business days to review the proposed change. Upon written approval of the OSLI, the Grantee shall execute an amendment or change order to affected
Construction Expenditures. Reimbursement for all expenditures related to construction projects detailed in Attachment A shall be subject to the following conditions:
a. OSLI shall only reimburse the Grantee for expenditures related to portions of the project that have been completed by December 15, 2020 and put to use in service of the COVID-19-related use for which it was approved by December 30, 2020. If the Grantee is unable to complete any portion of the project by December 15, 2020, then OSLI shall not disburse any funds related to that portion of the construction project. If the Grantee is not able to put any portion of the project into service before December 30, 2020, OSLI shall not reimburse the Grantee for costs related to that portion of the project.
b. If the Grantee completes the project by December 15, 2020, the Grantee shall, submit to OSLI, by that date, a certificate of substantial completion and a Grant Draft Request for reimbursement of expenditures made as of December 15, 2020, detailed in Attachment A, and approved by the SLIB.
c. For those portions of the project not requiring inspection and licensure prior to use, the Grantee shall provide to OSLI a certification that that portion of the project has been put to use in service of the COVID-19-related use for which it was approved by December 30, 2020.
d. For those portions of the project requiring inspection and licensure prior to use, the Grantee shall submit to OSLI a letter of licensure or other similar documentation as soon as it is issued. OSLI shall not disburse any funds unless such documentation is issued to the Grantee on or before December 30, 2020 and promptly provided to OSLI.
Construction Expenditures. A ratio based on total construction expenditures for the immediately preceding 12 calendar months, the numerator of which is for a Client Company and the denominator of which is for all Client Companies. This ratio will be determined annually or at such time as may be required due to a significant change.
Construction Expenditures. Cash flow, net $ 2,654 ========== $1,357,034 ========== $1,137,750 ========== $ 166,183 ========== $ 23,524 ========== $1,277,727 ========== $1,035,916 ========== $ 141,390 ========== $ 13,751 ========== $1,194,679 ========== $ 954,488 ========== $ 113,903 ========== $ 32,214 ========== $1,103,794 ========== $ 906,420 ========== $ 102,517 ========== $ 18,291 ========== $1,106,917 ========== $ 854,254 ========== $ 76,871 ========== From operating activities.......... $ 97,754 $ 84,074 $ 50,437 $ 81,457 $ 93,925 From investing activities.......... (163,718) (141,547) (116,246) (103,065) (96,588) From financing activities.......... Net change in cash................... Total throughput (thousands of 71,056 ---------- $ 5,092 ========== 61,422 ---------- $ 3,949 ========== 67,488 ---------- $ 1,679 ========== (7,792) ---------- $ (29,400) ========== 27,351 ---------- $ 24,688 ========== therms) Sales.............................. 805,884 881,868 850,557 825,521 885,255