Advances for construction costs definition

Advances for construction costs means cash payments or surety bonds or an equivalent surety made to the utility by an applicant for an extension, portions of which may be refunded depending on any subsequent connections made to the extension. Cash payments, surety bonds, or equivalent sureties shall include a grossed-up amount for the income tax effect of such revenue.
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Examples of Advances for construction costs in a sentence

  • Advances for construction costs for distribution main extensions for customers who will attach within the agreed-upon attachment period.

  • Advances for construction costs: Advance for construction costs are cash payments or surety bonds or an equivalent surety made to the utility by a member applying for extensions.b. Agreed upon attachment period: Agreed upon attachment period is a period of not less than 30 days or more than one year mutually agreed upon by the Cooperative and the applicant within which a permanent service will be attached.

  • Advances for construction costs for extensions for customers who will attach within the agreed-upon attachment period.

  • The adopted amendments as revised are as follows:(3) Advances for construction costs for distribution main extensions for customers who will not attach within the agreed-upon attachment period.

Related to Advances for construction costs

  • Direct Construction Cost shall have the meaning set forth in Article 11.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Estimated Construction Cost or “ECC” means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.

  • New construction means, for the purposes of determining insurance rates, structures for which the "start of construction" commenced on or after the effective date of an initial FIRM or after December 31, 1974, whichever is later, and includes any subsequent improvements to such structures. For floodplain management purposes, "new construction" means structures for which the "start of construction" commenced on or after the effective date of the floodplain management regulations adopted by a community and includes any subsequent improvements to such structures.

  • The constructional plant means all appliances, tools, plants or machinery or whatsoever nature required in or about the execution, completion or maintenance of the works but does not include materials or other things intended to form part of the permanent work.