Final Construction Costs Clause Samples
The 'Final Construction Costs' clause defines how the total and definitive costs of a construction project are determined at the end of the work. Typically, this clause outlines the process for compiling all relevant invoices, change orders, and approved expenses to arrive at a final figure, often requiring agreement between the contractor and the client. Its core function is to ensure both parties have a clear, mutually accepted understanding of the total financial obligation, thereby preventing disputes over payment and closing out the project’s financial aspects with certainty.
Final Construction Costs. As soon as reasonably practicable, but no later than twelve (12) months after the Effective Date, IID shall provide to Citizens an accounting (including a summary) of all final costs incurred by or on behalf of IID to construct the S-Line Upgrade Project, including AFUDC. Such accounting shall set forth sufficient detail to enable Citizens and CAISO to understand the costs of the S-Line Upgrade Project, including a written explanation for the administrative and general costs associated with the S-Line Upgrade Project.
Final Construction Costs. As soon as reasonably practicable, but no later than ten (10) months after the Commercial Operation Date of the S-Line Upgrade Project, Interconnection Customer shall provide to Transmission Provider an accounting (including a summary) of all final costs incurred by or on behalf of Interconnection Customer to construct the S-Line Upgrade Project, including AFUDC. Such accounting shall set forth in sufficient detail to enable Transmission Provider to understand the costs of the S-Line Upgrade Project, including a written explanation for the administrative and general costs associated with the S-Line Upgrade Project.
Final Construction Costs. Within six months after completion of the construction of IID’s Connection Facilities and the IID Tie-Line Extension, Project Developer shall provide to IID an accounting of the final costs of the construction of IID’s Connection Facilities and the IID Tie-Line Extension. Such accounting shall be in a form reasonably acceptable to IID, as described in Article 5.4 (o) of this GTCLA.
Final Construction Costs. As soon as reasonably practicable, but no later than ten (10) months after the Commercial Operation Date of the R-Line Upgrade Project, Interconnection Customer shall provide to Transmission Provider an accounting (including a summary) of all final costs incurred by or on behalf of Interconnection Customer to construct the R-Line Upgrade Project, including AFUDC. Such accounting shall set forth in sufficient detail to enable Transmission Provider to understand the costs of the R-Line Upgrade Project, including a written explanation for the administrative and general costs associated with the R-Line Upgrade Project.
Final Construction Costs. In the event that the final actual construction cost for the ▇▇▇▇▇▇ III BASIN IMPROVEMENTS is less than the DISTRICT's contribution amounts specified in Sections 2.1.1 and 2.1.2, any excess funding shall be returned by the CITY to the DISTRICT within thirty (30) calendar days following DISTRICT's acceptance of the ▇▇▇▇▇▇ III BASIN IMPROVEMENTS to be used for other flood control projects in the CITY at the DISTRICT's discretion.