Common use of Soft Costs Insurance Clause in Contracts

Soft Costs Insurance. to reimburse the Owner for costs due to the delay of completion of the Work, arising out of physical loss or damage covered by the required property insurance: including construction loan fees; leasing and marketing expenses; additional fees, including those of architects, engineers, consultants, attorneys and accountants, needed for the completion of the construction, repairs, or reconstruction; and carrying costs such as property taxes, building permits, additional interest on loans, realty taxes, and insurance premiums over and above normal expenses. « »

Appears in 16 contracts

Samples: Construction Contract, Insurance and Bonds Exhibit, Insurance and Bonds Exhibit

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Soft Costs Insurance. to reimburse the Owner for costs due to the delay of completion of the Work, arising out of physical loss or damage covered by the required property insurance: including construction loan fees; leasing and marketing expenses; additional fees, including those of architects, engineers, consultants, attorneys and accountants, needed for the completion of the construction, repairs, or reconstruction; and carrying costs such as property taxes, building permits, additional interest on loans, realty taxes, and insurance premiums over and above normal expenses. « ».

Appears in 4 contracts

Samples: Insurance and Bonds Exhibit, Insurance and Bonds Exhibit, Standard Form of Agreement Between Owner and Construction Manager as Constructor

Soft Costs Insurance. to reimburse the Owner for costs due to the delay of completion of the Work, arising out of physical loss or damage covered by the required property insurance: including construction loan fees; leasing and marketing expenses; additional fees, including those of architects, engineers, consultants, attorneys and accountants, needed for the completion of the construction, repairs, or reconstruction; and carrying costs such as property taxes, building permits, additional interest on loans, realty taxes, and insurance premiums over and above normal expenses. « Minimum limit of 10% of Hard Costs for the Project. »

Appears in 1 contract

Samples: Standard Form of Agreement Between Owner and Contractor

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Soft Costs Insurance. to reimburse the Owner for costs due to the delay of completion of the Work, arising out of physical loss or damage covered by the required property insurance: including construction loan fees; leasing and marketing expenses; additional fees, including those of architects, engineers, consultants, attorneys and accountants, needed for the completion of the construction, repairs, or reconstruction; and carrying costs such as property taxes, building permits, additional interest on loans, realty taxes, and insurance premiums over and above normal expenses. « »One Million Dollars ($1,000,000)

Appears in 1 contract

Samples: Insurance and Bonds Exhibit

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