Project Construction Costs Sample Clauses
The 'Project Construction Costs' clause defines the expenses associated with building or developing a project, typically including materials, labor, equipment, and related overhead. This clause outlines which specific costs are included or excluded, and may specify how these costs are to be estimated, tracked, and reimbursed between the parties. Its core function is to ensure transparency and agreement on financial responsibilities, thereby minimizing disputes over payment and budget overruns during the construction process.
Project Construction Costs. Project construction financing will be accomplished by one of the three methods as indicated in this agreement. The State shall reimburse the Agency for the Federal share of eligible project costs up to the amount shown on the face of this agreement. At the time of audit, the Agency will provide documentation of all costs incurred on the project. The State shall bill the Agency for all costs incurred by the State relative to the project. The State shall also bill the Agency for the federal funds paid by the State to the Agency for project costs which are subsequently determined to be ineligible for federal participation (see Section IX).
Project Construction Costs. All costs for and associated with Project construction.
Project Construction Costs. The CM recognizes that the OWNER will have a limit on the project construction costs. That limit is represented by the MCP. The MCP is inclusive of all trade contracts, a General Conditions allowance, CM Staffing and Fringe Benefit Costs, CM Fees and the CM-MCP contingency, but excludes the OWNER's Construction Contingency and the CM’s preconstruction costs.
Project Construction Costs. The construction of the Project will be partially funded with Federal monies and partially funded with local monies. The local cost share will be that portion of the total cost of the construction of the Project not provided by the Federal Government. The Minnesota share of the total non-Federal (local) cost shall be ___ percent (___%). The North Dakota share of the total non-Federal (local) cost shall be ___ percent (___%). The Minnesota entities to this Agreement have determined by separate agreement the share of Minnesota cost each will bear. The North Dakota entities to this Agreement have determined by separate agreement the share of North Dakota cost each will bear. Both separate agreements have been provided that the Metro Diversion Board has the authority to enforce said separate agreements and both separate agreements authorize the Metro Diversion Board to enforce the agreements. [[IT IS ASSUMED THAT A SEPARATE COST- SHARING AGREEMENT WILL HAVE BEEN ENTERED INTO BETWEEN ND ENTITIES, AND THE SAME BETWEEN THE MN ENTITIES, BY THE TIME OF EXECUTION OF THIS J.P.A.]] Said separate agreements are attached hereto as Exhibits A and B and are incorporated as if fully set forth herein. Each party to this Agreement is obligated to fund its share of the local cost. Each party to this Agreement may fund its share of the local cost by whatever means it deems appropriate. The Metro Diversion Board (or any party) to this Agreement may obtain a court order directing a party to fund its share of the cost of the Project.
Project Construction Costs. Project Applicant shall, at Project Applicant’s sole cost and expense, design, construct or cause to be constructed, and dedicate to the City of Surprise the Traffic Signal Improvements listed and described in Exhibit A to this Agreement, subject to the terms and conditions of this Agreement. The construction costs of the Traffic Signal Improvements including previous developer contributions and existing traffic signal infrastructure (the “Project Construction Cost”) are estimated to cost $270,805.00. The Project Construction Cost does not include the cost of the design of the Traffic Signal Improvements.
Project Construction Costs. Project construction financing will be accomplished by one of the three methods as indicated in this agreement. Method A – The Agency will place with the State, within (20) days after the execution of the construction contract, an advance in the amount of the Agency’s share of the total construction cost based on the contract award. The State will notify the Agency of the exact amount to be deposited with the State. The State will pay all costs incurred under the contract upon presentation of progress ▇▇▇▇▇▇▇▇ from the contractor. Following such payments, the State will submit a billing to the Federal Government for the federal aid participation share of the cost. When the project is substantially completed and final actual costs of the project can be determined, the State will present the Agency with a final billing showing the amount due the State or the amount due the Agency. This billing will be cleared by either a payment from the Agency to the State or by a refund from the State to the Agency.
Project Construction Costs. 2.1 The CM recognizes that the OWNER will have a limit on the project construction costs. That limit is represented by the GMP. The GMP is inclusive of all trade contracts, a General Conditions allowance, CM Fees and the CM-GMP contingency, but excludes the OWNER's Construction Contingency and the CM’s preconstruction costs. The GMP will not exceed the amount referred to in Appendix A, Section 6.5 of the pre-construction phase contract as the Approved Construction Budget.
2.2 Upon completion of the Work, any and all non-expended funds remaining in the GMP, including the CM-GMP Contingency will be retained by the OWNER.
Project Construction Costs. Upon award of a contract and initiation of the project the County will make partial payments to the contractor on a monthly basis for work completed. The County will then request reimbursement from the City or District for their prorated share of the items paid to the contractor also on a monthly basis. Upon final project completion, in accordance with Article I hereof, of all of the construction to be performed, the County shall pay the Contractor the amount based on the final estimate of quantities of the Contract items multiplied by the actual unit bid prices for the awarded contract.