Pro-Rata Construction Cost Calculation Sample Clauses

Pro-Rata Construction Cost Calculation. BE and CDOT agree to allocate certain costs, as detailed in this Agreement, based on a proportion of the total Project costs, with BE’s portion being calculated to include all such Project costs that meet the BE-Eligible Criteria (the “BE-Eligible Costs”), and CDOT’s portion being calculated to include all other Project costs (the “Pro-Rata Construction Cost Calculation”). The Parties agree and acknowledge that the Pro- Rata Construction Cost Calculation shall be based upon the Eligible Cost Breakdown to be provided by the Developer on Form D-2 to Part H of the Instructions to Proposers contained in the RFP, which incorporates the CBE Funding Eligibility Criteria approved by Resolution #BE- 15-8-2 of the BE Board of Directors on August 20, 2015.
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Pro-Rata Construction Cost Calculation. BE and CDOT agree to allocate certain costs, as detailed in this Agreement, based on a proportion of the total Project costs, with BE’s portion being calculated to include all such Project costs that meet the BE-Eligible Criteria (the “BE-Eligible Costs”), and CDOT’s portion being calculated to include all other Project costs (the “Pro-Rata Construction Cost Calculation”). The Parties agree and acknowledge that the Pro-Rata Construction Cost Calculation is intended to be based upon the Eligible Cost Breakdown, provided by the Developer on Form D-2 to Part H of the Instructions to Proposers contained in the RFP with its Proposal, which, for certainty, provided that BE-Eligible Costs and Non-BE-Eligible Costs be allocated as sixty-six percent (66%) and thirty-four percent (34%), respectively, based upon the CBE Funding Eligibility Criteria approved by Resolution #BE-15-8-2 of the BE Board of Directors on August 20, 2015. BE and CDOT may modify the methodology for establishing the Pro-Rata Construction Cost Calculation at any time prior to Financial Close by written amendment to this Agreement approved by the Parties.
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Related to Pro-Rata Construction Cost Calculation

  • DIRECT CONSTRUCTION COST Direct Construction Cost means the sum of the amounts that Contractor actually and necessarily incurs constructing the Project in strict compliance with the Construction Documents. Direct Construction Cost includes only the cost categories set forth in this Article and does not include the Pre-Construction Phase Fees or the Construction Phase Fees unless specifically noted. References in the UGSC to adjustments in “cost” or “costs” mean the Direct Construction Cost.

  • Construction Cost Adjustment Contracting Officer, as provided in B5.21, B5.212, B5.251, B5.252, and B5.253, shall adjust Specified Road construction cost estimates in the Schedule of Items and show the adjustments as credits or debits to Timber Sale Account in the month when the road segment is accepted.

  • Construction Cost Estimate At 50% completion of the contract documents, the design team will present and submit copies of the project plans and manual. The Construction Administrator will prepare and issue the fourth of five construction cost estimates. The estimate shall be derived from actual takeoffs, subcontractor and vendor input, and material and labor cost data. All quantitative systems information shall be provided in detail.

  • Temporary Credit for Unamortized Specified Road Construction Cost When, under B8.33, Contracting Officer orders a delay or interruption of Purchaser’s Operations for more than 30 days when scheduled operations would be occurring but for the order, the Contracting Officer shall credit the unamortized cost of Specified Roads to Purchaser’s Timber Sale Account, upon the written request of Purchaser or at the discretion of Contracting Officer. The amount credited to Purchaser shall be limited to stumpage paid above Base Rates. Any Specified Road construction cost credited to Purchaser pursuant to this Subsection may be refunded or transferred at the request of Purchaser. However, if Purchaser has outstanding debt owing the United States, Contracting Officer must apply the amount of credit that could be refunded to the debt owed in accordance with the Debt Collection Improvement Act of 1996, as amended. Upon written notice from Contracting Officer that the basis for the delay or interruption no longer exists, Purchaser shall pay for timber a per unit amount, in addition to Current Contract Rates, that is equal to the amount credited to Purchaser’s Timber Sale Account divided by 80 percent of the estimated remaining volume of the contract, until the full amount credited to Purchaser has been returned.

  • Construction Cost Budget The total cost to District of all elements of the Project designed or specified by the Architect, as adjusted during and at the end of the design phase in accordance with this Agreement and the Agreement for Architectural Services. The Construction Cost Budget does not include the compensation of the Project Design Team, the Program Manager (if any), the Construction Manager and any subconsultants, the cost of the land, rights-of-way, or financing which are the responsibility of the District.

  • Construction Cost 3.1. Construction Cost does not include the fees of the ARCHITECT/ENGINEER and consultants, the cost of the land, rights- of-way, or other costs, which is the responsibility of the State as provided in Paragraphs 2.2 through 2.3. or any of the contingencies available for the project unless specifically stated otherwise.

  • 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.

  • Project Construction Budget The project construction cost allowance specifically stated in writing as the ‘revised’ or ‘current’ ‘Project Construction Budget’ by the Trustees at each applicable phase of plan development.

  • PRE-CONSTRUCTION PHASE FEE The Pre-Construction Phase Fee is the total compensation payable to Contractor for the performance of Pre-Construction Phase Services, except for Additional Pre-Construction Phase Services approved in advance and in writing by Owner. The Pre-Construction Phase Fee shall be a lump sum amount based on the AACC established in this Agreement.

  • Overtime Calculation For the purpose of overtime calculation only, approved or scheduled time off work will be considered the same as time worked.

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