Common use of Reasonable Development Costs Clause in Contracts

Reasonable Development Costs. At the request of the Department, the Recipient shall provide evidence acceptable to the Department that the total costs of the Work are reasonable and necessary for the proposed improvements. To verify cost reasonableness, the Department may require qualified third-party verification of cost, evidence of the competitive bidding of major cost components and appraisals.

Reasonable Development Costs. At the request of the Department, the Recipient shall provide evidence acceptable to the Department that the total costs of the Work are reasonable and necessary for the proposed improvements. To verify cost reasonableness, the Department may require qualified third-third party verification of cost, evidence of the competitive bidding of major cost components and appraisals.

Reasonable Development Costs. At the request of the Department, the Recipient shall provide evidence acceptable to the Department that the total costs of the Work Infrastructure Project and Housing Development(s) are reasonable and necessary for the proposed improvements. To verify cost reasonableness, the Department may require qualified third-party verification of cost, evidence of the competitive bidding of major cost components and appraisals.

Reasonable Development Costs. At the request of the Department, the Recipient shall must provide evidence acceptable to the Department that the total costs of the Work Capital Improvement Project and Rental Housing Development are reasonable and necessary for the proposed improvements. To verify cost reasonableness, the Department may require qualified third-party verification of cost, evidence of the competitive bidding of major cost components and appraisals.appraisals.‌‌‌‌‌

Reasonable Development Costs. At the request of the Department, the Recipient shall provide evidence acceptable to the Department that the total costs of the Work Capital Improvement Project and Housing Development(s) are reasonable and necessary for the proposed improvements. To verify cost reasonableness, the Department may require qualified third-party verification of cost, evidence of the competitive bidding of major cost components and appraisals.