Estimated Capital Contribution Clause Samples

Estimated Capital Contribution. The Estimated Capital Contribution (excluding GST) is summarized as follows: Project Management Engineering Equipment & Materials Construction Commissioning AFUDC* & Overheads (*) AFUDC = Allowance for Funds Used During Construction and is the term used in the OEB accounting procedures meaning interests during construction if applicable. The Estimated Capital Contribution is $(insert amount) (excluding GST). 1. Amount paid for the cost estimate of the Connection Work performed by Hydro One is not included in the Estimated Capital Contribution , but is included in the Cost Estimate Agreement dated (insert date) between the Generator Customer and Hydro One. 2. Overheads are included in the Estimated Capital Contribution. 3. The estimated amount for contingencies includes, but is not limited to amounts associated with any planned outage delays/cancellations and subsequent equipment commissioning as well as Generator Customer Initiated Scope Changes. Any contingencies in excess of this amount will be recovered from the Generator Customer in accordance with the terms of the Agreement. 4. Capital interest is included in the Estimated Capital Contribution. 5. PST on materials is included in the Estimated Capital Contribution, 6. GST is not included in the Estimated Capital Contribution. 7. The Estimated Capital Contribution does not include any amounts associated with the cost of easements and other land rights to be obtained by Hydro One from third parties for any part of the Work Chargeable to Generator Customer. The actual cost of obtaining those easements and other land rights will be reflected in the actual Capital Contribution required for the Work Chargeable to Generator Customer and any Additional or Modified Work Chargeable to Generator Customer (plus applicable Taxes).