Change Order Costs definition

Change Order Costs means the sum of (a) all actual so-called "hard" construction costs thereof, including, without limitation, the cost of all materials, labor, equipment, hoisting, insurance, taxes and permits related thereto (all of which will be documented and verifiable); (b) all actual so-called "soft" costs in connection therewith, including, without limitation, all architect's, engineer's and design fees, and all fees and costs relating to the review and approval thereof; (c) the actual cost of all on-site and off-site project management time and other general conditions in connection therewith; and (d) a fee equal to 10% of all of the costs described in the foregoing clauses (a), (b) and (c), which fee will be in lieu of overhead and profit, any other construction management fees, and any other fees to Landlord. All of the aforesaid actual costs will also include, without limitation, the aggregate of all interest costs actually incurred by Landlord arising in connection with any resultant delays and any and all enforceable payment obligations under those contracts or modifications to contracts entered into by Landlord or its subcontractors, which are necessary to effectuate the Change Order.
Change Order Costs is defined in Section 12(a) hereof.
Change Order Costs means the incremental, justifiable and documented additional costs associated with any change order to the Approved TI Plans requested by Tenant to the extent such costs, when added to the TI Costs, exceed the Tenant Improvement Allowance. Change Order Costs shall be included in the regular monthly billing of TI Costs provided to Tenant on a monthly basis in accordance with Paragraph IV.C. of this Exhibit D-1.

Examples of Change Order Costs in a sentence

  • If Tenant approves Landlord’s Change Order Response, then such Change Proposal shall be deemed a “Change Order” hereunder and if the Change Order is made, then the Change Order Costs associated with the Change Order shall be deemed additions to the Tenant Plan Excess Costs and shall be paid in the same manner as Tenant Plan Excess Costs are paid as set forth in Section 1.5 of this Work Agreement.

  • As a condition to Owner’s approval of an increase in the Contract Sum, CM/GC shall include an itemized breakdown of the change in Contract Sum which lists the estimated Allowable Change Order Costs in the form prescribed by Owner.

  • To the extent compensation to CM/GC is based on costs (whether Allowable Costs, Allowable Change Order Costs, or otherwise) under any Section of the Contract Documents, such costs shall be limited to those costs necessarily incurred by CM/GC in the proper performance of the Work.

  • As the Change Order Work progresses, CM/GC must provide a daily accounting of Allowable Change Order Costs incurred in accomplishing the Work under a Force Account Change Order.

  • Allowable Change Order Costs, except as otherwise agreed to in writing by Owner, shall not exceed those prevailing for the trades or crafts, materials, and equipment in the locality of the Project.

  • If Tenant approves such Change Proposal, then such Change Proposal shall be deemed a “Change Order” hereunder and if the Change Order is made, then the Change Order Costs associated with the Change Order shall be paid in the same manner as Tenant Plan Excess Costs are paid as set forth in Section 2.

  • If Tenant approves such Change Proposal, then such Change Proposal shall be deemed a “Change Order” hereunder and if the Change Order is made, then the Change Order Costs associated with the Change Order shall be deemed additions to the Tenant Plan Excess Costs and shall be paid in the same manner as Tenant Plan Excess Costs are paid as set forth in Section 1.5 of this Work Agreement.

  • If the Change Order authorizes a compensable increase in Contract Time, Allowable Change Order Costs include General Conditions Costs incurred exclusively for such extended Contract Time.

  • Owner shall be permitted, on a daily basis, to verify such records and information, and may require such additional records as are necessary to determine the Allowable Change Order Costs of such Change Order Work.

  • The compensation due CM/GC under any Lump Sum Change Order shall be determined in advance based upon the total of the estimated Allowable Change Order Costs identified below.


More Definitions of Change Order Costs

Change Order Costs as well as an estimate of any delay which would likely result in the completion of the Landlord’s Work if a Change Proposal is made pursuant thereto (“Landlord’s Change Order Response”). Tenant shall have the right to then approve or withdraw such Change Proposal within three (3) business days after receipt of Landlord’s Change Order Response. If Tenant fails to respond to Landlord’s Change Order Response within such three (3) business day period, each day of such delay shall constitute one day of Tenant Delay. If Tenant approves Landlord’s Change Order Response, then such Change Proposal shall be deemed a “Change Order” hereunder and if the Change Order is made, then the Change Order Costs associated with the Change Order shall be deemed additions to the Tenant Plan Excess Costs and shall be paid in the same manner as Tenant Plan Excess Costs are paid as set forth in Section 1.5 of this Work Agreement.
Change Order Costs means the sum of (a) all actual so-called “hard” construction costs thereof, including, without limitation, the cost of all materials, labor, equipment, hoisting, insurance, taxes and permits related thereto (all of which will be documented and verifiable); (b) all actual so-called “soft” costs in connection therewith, including, without limitation, all architect’s, engineer’s and design fees, and all fees and costs relating to the review and approval thereof; (c) the actual cost of all on-site and off-site project management time and other general conditions in connection therewith; and (d) a commercially reasonable contractors’ fees. All of the aforesaid actual costs will also include, without limitation, the aggregate of all interest costs actually incurred by Landlord arising in connection with any resultant delays and any and all enforceable payment obligations under those contracts or modifications to contracts entered into by Landlord or its subcontractors, that are necessary to effectuate the Change Order.
Change Order Costs means all costs associated with, directly or indirectly, all Change Orders arising after the Effective Date; including, without limitation, all: (i) architectural, survey and testing expenses; (ii) labor, supervision and benefit costs therefor; (iii) materials; (iv) tools consumed on the job; (v) rental for all equipment used in construction; (vi) building and other permits and inspection fees; (vii) filing and recording costs; and (viii) interest on funds borrowed to pay such costs. Under no circumstances will Landlord be required to undertake any Change prior to execution of a Change Order by Tenant's Representative or if such Change would cause the aggregate of all Change Order Costs to exceed Five Million and No/100 Dollars ($5,000,000.00). Except as otherwise provided in this Section 5.01(b), Landlord shall not make any material change to the Plans and Specifications except pursuant to a Change Order submitted by Tenant or a Change Order submitted by Landlord and approved, in writing, by Tenant, such approval not to be unreasonably withheld, conditioned or delayed; provided, however, Tenant's approval of a Change Order submitted by Landlord shall not be required if the Change is required by any Governmental Authority or is necessary due to a general shortage of a particular material specified in the Plans and Specifications (provided any substitute is of equal or better quality). Any Changes approved or deemed approved pursuant to the terms and provisions of this Section 5.01(b) shall modify the Plans and Specifications accordingly and the Base Rent for each Lease Month shall be increased by the product of the Change Order Costs associated with such Change multiplied by the Change Order Factor (hereinafter defined); provided, however, if such Change results in a decrease in the total cost of Landlord's Work, then the amount of such decrease shall be multiplied by the Change Order Factor and the Base Rent for each Lease Month shall be decreased by the product thereof. On or prior to the Term Commencement Date, Landlord shall provide Tenant written notice of the aggregate Change Order Costs, if any, incurred pursuant to this Section 5.01(b) and the monthly increase or decrease, as applicable, in the Base Rent and the definition of "Base Rent" as set forth in Section 1.01 hereof shall thereafter be deemed to be amended as set forth in such notice. For purposes hereof, "Change Order Factor" means .0075 (the quotient obtained by dividing .09 by 12).
Change Order Costs means all costs and expenses reasonably incurred by Landlord in connection with the completion of the Tenant Change Order work including, without limitation: (i) Landlord’s out-of-pocket contract or purchase price(s) for materials, components, labor and services, (ii) Landlord’s architects’, engineers’, designers’, construction managers’ and consultants’ fees and costs (including a construction management fee payable to Landlord (or an affiliate of Landlord) equal to five percent (5%) of the hard and soft costs of the Tenant Change Order) and (iii) fees for all required permits and approvals (including all reasonable legal fees and costs in connection therewith).
Change Order Costs shall be as defined in Section 3.6.
Change Order Costs means the incremental, justifiable and documented additional costs associated with any change order to the Approved TI Plans requested by Tenant to the extent such costs, when added to the TI Costs, exceed the Tenant Improvement Allowance. Change Order Costs shall be included in the regular monthly billing of TI Costs provided to Tenant on a monthly basis in accordance with Paragraph IV.C. Notwithstanding anything to the contrary, no change order costs that are a result of the Landlord’s failure to construct TI improvements in accordance with the TI Approved Plans shall be passed on to the Tenant and shall be the sole and exclusive responsibility of the Landlord.

Related to Change Order Costs

  • Change Orders mean changes or modifications to any Construction Contract or any other contract with labor or material suppliers.

  • Change Order means a written order to the Contractor signed by the Contracting Officer, issued after execu- tion of the Contract, authorizing a change in the term or scope of the Contract.

  • Change Order Request means a written request or proposal for a Change Order submitted by either Company or Contractor and including:

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • Direct Costs means the sum of the following:

  • Crew Support Costs means all expenses of a general nature which are not particularly referable to any individual vessel for the time being managed by the Managers and which are incurred by the Managers for the purpose of providing an efficient and economic management service and, without prejudice to the generality of the foregoing, shall include the cost of crew standby pay, training schemes for officers and ratings, cadet training schemes, sick pay, study pay, recruitment and interviews.

  • Service Costs has the meaning ascribed thereto in Section 3.01.

  • Prime costs and “Prime cost sum” means the amount actually paid by the contractor for any article, commodity or special work and shall include all proper charges for packing, carriage and delivery to site, after deduction of all trade documents, rebates and allowances and the discount obtainable for cash insofar as such discount for cash exceeds 2½%.

  • Excess Costs means the additional costs, if any, which shall be

  • Unilateral Change Order (ULCO means a Change Order issued by Owner without the complete agreement of Contractor, as to cost and/or time.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Transfer Costs means the cost of registration of Transfer arising herefrom calculated with reference to the fee chargeable in terms of the recommended guideline of conveyancing fees, and all incidental disbursements necessary to effect registration, together with VAT on such costs and disbursements, but specifically excluding any costs relating to mortgage bond registration;

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Hard Costs means all costs and expenses payable for supplies, materials, labor and profit with respect to the Improvements under any Construction Contract.

  • Response Costs means all costs, including, but not limited to, direct and indirect costs, that the United States incurs in monitoring and supervising Respondents’ performance of the Work to determine whether such performance is consistent with the requirements of this Order, including costs incurred in reviewing deliverables submitted pursuant to this Order, as well as costs incurred in overseeing implementation of this Order, including, but not limited to, payroll costs, contractor costs, travel costs, and laboratory costs.]

  • Cost of work , in table above, shall mean the agreement amount of the work.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • forecast prices and costs means future prices and costs that are:

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • Training Costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Construction Fee means a fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or provide major repairs or rehabilitations on a Property.

  • FTE Costs means the FTE Rate multiplied by the applicable number of FTEs who perform a specified activity pursuant to this Agreement.

  • Project Schedule means a document that, with respect to each Phase of the Project, identifies, coordinates and integrates the anticipated design and construction schedules, the Contracting Authority’s and Owner's responsibilities, government authority reviews and other activities as are necessary for the timely completion of the Work.