Preliminary Construction Budget Sample Clauses

The Preliminary Construction Budget clause establishes an initial estimate of the total costs required for a construction project before work begins. This budget typically includes projected expenses for materials, labor, permits, and other related costs, and is often prepared by the contractor or project manager for review and approval by the owner. Its core practical function is to provide a financial framework that guides project planning and decision-making, helping all parties anticipate expenses and manage financial risk throughout the construction process.
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Preliminary Construction Budget. Estimates of the Capital Costs summarized below include allowances for all design, labour, equipment and materials; shipping and handling; etc. required to complete the works. Included in the costs are direct and indirect costs, contingency, contractor margin and CCC related fees and expenses.  The budget estimate provided is Conceptual and represents a Rough Order of Magnitude given stage of design and due diligence prior to “Go” decision.  Given the elevated topography of the new terminal site in reference to the existing terminal building, and the strategic citing of the new terminal building, the footprint of the new terminal finish floor will closely match the proposed apron geodetic finish floor elevation, no provisions has been made to raise the new terminal building pad for flood surge protection.  The rainwater cistern estimated to be at grade, standalone standard retention water tank and not incorporated into the design of the building structure.  Standard unit rate applied for all renovation and re-purposing of the existing terminal, Repurposing of the existing terminal has been estimated it as lump sum allowance.  Demolition and abatement of existing terminal has been estimated it as a lump sum allowance  Estimate is predicated on linear option only.  Budget estimate is conceptual and reflective of the conceptual drawings prepared by ▇▇▇▇▇ Associates dated Nov 21, 2014 and updated design brief dated Nov 27th  The budget estimate is for the new terminal building proposal only, no provisions has been made for tenant fit-out works; early fit out work, re purposing, renovation of the existing terminal, while the new terminal is under construction.  The budget estimate is for the new terminal building proposal only, no provisions has been made for fit out of commercial subconcessions.  The equipment options that we have identified for pricing comply with TSA’s QPL and EU Standard 3 CEP for both baggage and passenger screening.  Landscaping budget is an allowance only  Standard 2 year warranty provided with no ever green provisions  CCC team will have use of the existing building electrical service for temporary construction power.  Utilization of the existing airport building for management office and meeting rooms.  The Project site is ‘balanced’ and relatively flat to negate the need for engineered fill placement.  The CCC Team will be granted full and unobstructed access to Marginal Wharf with direct access to the airfield service...
Preliminary Construction Budget. The preliminary budget for the construction of the Project (the “Preliminary Construction Budget”) shall be the initial estimate of the construction costs and schedule of funds required to complete the Project. Execution Copy Northern Pass LLC Operating Agreement
Preliminary Construction Budget. The approval by the Board of Managers of the preliminary budget for the construction of the Initial Project (the “Preliminary Construction Budget”) shall be one of the Conditions Precedent in Schedule 14.2. The Preliminary Construction Budget shall be the initial estimate of the construction costs and schedule of funds required to complete the Initial Project.