Actual Construction Cost definition

Actual Construction Cost means the actual cost to construct the Shell Building (excluding Tenant Finish) and Land Sitework, pursuant to the Construction Plans and any changes thereto, including but not limited to (a) site preparation, (b) storm drainage, (c) site lighting, (d) landscaping and irrigation, (e) paving and striping, (f) utility connections, (g) construction testing services (h) costs of labor and materials, (i) fees and other charges payable to the Contractor, (j) fees to governmental authorities for permits, inspections, and certificates of occupancy, (k) utilities during construction, (l) performance bonds, and (m) architectural fees. Actual Construction Cost shall specifically exclude (1) leasing commissions, (2) construction interest and loan fees, (3) development fees, and (4) construction management other than the Contractor, all of which shall be borne entirely by Landlord. Landlord agrees and represents that the Actual Construction Cost shall be equal to the Stipulated Sum, unless such costs are increased or decreased as a result of Change Orders to the Construction Plans pursuant to Section 11 hereof.

Actual Construction Cost means the aggregate amounts required to be ------------------------ paid to Contractor, Subcontractors and other Persons (i) to complete the work required by the Contractor under the Construction Contract, (ii) to provide oversight and auditing of the Contractor in addition to that contemplated in the original Project Budget or (iii) in connection with the preparation and execution of the First Amendment to Credit Agreement. The amounts paid as Actual Construction Cost shall include, and be limited to: (i) the Separated Contract Price; (ii) any other amounts which may be owed to the Contractor and any Subcontractor for completion of the work required by the Contractor under the Construction Contract; (iii) reasonable costs paid to the Independent Engineer to monitor the work performed under the Construction Contract; (iv) reasonable costs of personnel to provide management and engineering oversight of the work performed under the Construction Contract; (v) reasonable legal and accounting work required to monitor and audit work performed under the Construction Contract and payments made to the Contractor and Subcontractors; and (vi) costs to prepare and execute the First Amendment to Credit Agreement.

Actual Construction Cost means the aggregate amounts required to be paid to Original Contractor, Contractor, Subcontractors and other Persons (i) to complete the work required by Original Contractor under the Original Construction Contract and Contractor under the Construction Contract, (ii) to provide oversight and auditing of Original Contractor and Contractor in addition to that contemplated in the original Project Budget or (iii) in connection with the preparation and execution of the First Amendment to Credit Agreement and Second Amendment to Credit Agreement. The amounts paid as Actual Construction Cost shall include, and be limited to: (i) any amounts which have been paid or which may be owed to Original Contractor, Contractor or any Subcontractor for completion of the work required by Original Contractor under the Original Construction Contract and the Contractor under the Construction Contract; (ii) reasonable costs paid to the Independent Engineer to monitor the work performed under the Original Construction Contract and under the Construction Contract; (iii) reasonable costs of personnel to provide management and engineering oversight of the work performed under the Original Construction Contract and under the Construction Contract; (iv) reasonable legal and accounting work required to monitor and audit work performed under the Original Construction Contract and under the Construction Contract and payments made to Original Contractor, Contractor and Subcontractors; and (v) costs to prepare and execute the First Amendment to Credit Agreement and Second Amendment to Credit Agreement.

Examples of Actual Construction Cost in a sentence

• Applications that reflect an amount of at least $32,500 per unit when the amount listed in the Total column of the Development Cost Pro Forma for the Development Cost line item A1.1 Actual Construction Cost is divided by the number of total units in the Development will qualify for this funding preference.

• Actual Construction Cost Contingency (explain in detail) A1.1 Sub-Total A1.2 General Contractor Fee cannot exceed 14% A1.3 Total Actual Construction Cost Financial Cost Construction Loan Credit Enhancement Construction Loan Interest Construction Loan Origination Fee Bridge Loan Interest Bridge Loan Origination Fee Permanent Loan Credit Enhancement Permanent Loan Origination Fee Reserves Required By Lender A2.

• Not as a limitation on the foregoing, the Construction Manager shall make reasonable efforts to coordinate and manage the Project in such manner as will assist in ensuring that the Actual Construction Cost does not exceed the Project Construction Budget.

• The Construction Manager also shall not be liable for any increase in the Actual Construction Cost attributable to circumstances reasonably not within the Construction Manager’s control, but the Construction Manager shall be responsible for compliance with the requirements of Section 4.5 herein.

• HC ONLY)DEVELOPMENT COSTSActual Construction CostsAccessory Buildings DemolitionNew Rental Units *Off-Site Work (explain in detail) Recreational Amenities Rehab of Existing Common Areas Rehab of Existing Rental Units Site Work*Other (explain in detail) A1.1. Actual Construction Cost$ $ $ A1.2. General Contractor Fee See Note (3)(Max.

• Actual Construction Cost Contingency (explain in detail) A1.1 Sub-Total A1.2 General Contractor Fee cannot exceed 14% A1.3 Total Actual Construction Cost Applicants may use this section OR use the FHFC form for operating budgets and pro-formas.

• To the extent the Actual Construction Cost is increased or decreased due to reasons not described above, then such increase or decrease shall have no effect upon Tenant’s Minimum Rent.

• Rehabilitation (with or without Acquisition) Developments will qualify for the funding preference if the amount listed in the total column of the Development Cost Pro Forma (for Actual Construction Cost) divided by the total number of units equals at least $32,500 per unit.

• Conversely, if the Actual Construction Cost is less than the Stipulated Sum as a result of any Change Order requested by Tenant, then the initial annual Minimum Rent shall be decreased by nine and 1/2 cents ($0.095) for each dollar that the Actual Construction Cost is less than the Stipulated Sum.

• Such accounting firm will determine the Actual Construction Cost of the Subject Assets within 30 days of its engagement and furnish the Xxxx Entity and the General Partner its determination, which determination shall be a final and binding determination of the Actual Construction Cost.

More Definitions of Actual Construction Cost

Actual Construction Cost means the cost of all portions of a project to construct the work as shown on the approved construction documents and as necessary to comply with the California Building Standards Code, generally based upon the sum of the construction contract(s), when applicable, and other direct construction costs; including but not limited to mobilization, general and special conditions, supervision and management, overhead, markups and profit, demolition, building pad construction (including but not limited to grading, soil remediation, excavation, trenching, retaining, shoring, etc.), temporary construction and barriers, materials, supplies, machinery, equipment, labor cost or the wages paid to the workers doing the work, etc., as certified by the hospital governing board or authority. Construction cost does not include the compensation paid to the designer(s), inspector(s), plan review and building permit, the cost of the land, rights-of-way, work outside the scope of OSHPD’s jurisdiction, mobile equipment and furnishings, or other costs which are defined in the contract documents as not a part of the work. Work requiring a plan approval and/or building permit issued by the Office which is identified as not in the scope of the work and/or not in contract (NIC) shall be performed under a separate building permit. INTERPRETATION

Actual Construction Cost means the actual total cost of constructing the building in which the Premises are to be located, and the attendant parking facilities, but specifically excluding individual tenant improvements. Such costs shall include all of the costs and charges, whether direct or indirect, so incurred by Lessor and shall include, without limitation: (1) Materials; (2) Labor; (3) Four percent (4%) profit for construction company; (4) Five percent (5%) overhead for construction company; (5) Extras; (6) Insurance; (7) Equipment rental; (8) Attorneys' fees; (9) Utilities; (10)

Actual Construction Cost shall meax xxx cost to construct the Joint Facilities including, but not limited to, labor, materials, contract services, engineering services, environmental studies, right-of-way acquisition, legal expenses, right-of-way clearing and restoration, and reasonable overheads. Overheads shall include, but not be limited to, interest during construction, engineering, superintendence, drafting, stores handling, transportation, testing and miscellaneous. Actual Construction Cost shall be calculated pursuant to the Electric Plant Instructions section of REA Bulletin 181-1 (latest revision) entitled "Uniform System of Accounts Prescribed for Electric Borrowers of the Rural Electrification Administration" at such time as the costs are incurred by the Party responsible for constructing the applicable portion of the Joint Facilities.

Actual Construction Cost means the construction cost during the performance of the Construction Administration Services.