Computed Cost definition

Computed Cost. The Computed Cost shall be the acceptable estimate of Construction Cost to the DISTRICT as submitted by the ARCHITECT until such time as bids have been received, whereupon it shall be the total award from the initial construction contract(s), plus the cost of all approved additive contract change orders, with the exception of items resulting from errors and omissions on the part of the ARCHITECT.
Computed Cost. The Computed Cost shall be the acceptable estimate of Construction Cost to the DISTRICT as submitted by the ARCHITECT until such time as bids have been received, whereupon it shall be the total award from the initial construction contract(s), plus the cost of all approved additive contract change orders, with the exception of items resulting from errors and omissions on the part of the ARCHITECT. **For the installation of portable and/or relocatable buildings, the ARCHITECT’s Fee shall be determined as follows: four percent (4%) of the cost of the factory-built portable/relocatable building(s) plus the cost of all other labor and/or materials necessary to install the factory-built portable/relocatable building(s) at the PROJECT site as applied to the fee schedule detailed in items (1) through (6) above, with the exception of any costs for change orders resulting from the errors and omissions on the part of the ARCHITECT. If the PROJECT is using the multiple-prime delivery method of construction, the Construction Manager’s fees and/or general conditions will only be included in the total Computed Cost used to calculate the ARCHITECT’s fee only if agreed upon in writing by the DISTRICT. Absent any written agreement, the Construction Manager’s fees or general conditions shall not be included in the total Computed Cost used to calculate the ARCHITECT’s fee.
Computed Cost. The Computed Cost shall be the acceptable estimate of Construction Cost to the DISTRICT as submitted by the ARCHITECT until such time as bids have been received, whereupon it shall be the total award from the initial construction contract(s), plus the cost of all approved additive contract change orders, with the exception of items resulting from errors and omissions on the part of the ARCHITECT. **For the installation of portable and/or relocatable buildings, the ARCHITECT’s Fee shall be determined as follows: four percent (4%) of the cost of the factory-built portable/relocatable building(s) plus the cost of all other labor and/or materials necessary to install the factory-built portable/relocatable building(s) at the PROJECT site as applied to the fee schedule detailed in items (1) through (6) above, with the exception of any costs for change orders resulting from the errors and omissions on the part of the ARCHITECT.

Examples of Computed Cost in a sentence

  • Five percent (5%) of the PROJECT’s Computed Cost, as defined herein Exhibit “A,” in excess of ten million dollars ($10,000,000.00).

  • Construction complete and accepted by District - increase to 90% of the total compensation, based upon the contract price (i.e., Computed Cost, as defined below), notwithstanding the Architect’s/Engineer’s service during the warranty periods.

  • The Architect’s/Engineer’s compensation shall be paid at the time and in the amount noted notwithstanding a delay in completion of any project or the reduction in the final construction cost (Computed Cost) by reason of penalties, liquidated damages or other amounts withheld from the construction contractor.

  • The Company shall grant AgStar a Deposit Account Control Agreement acceptable to AgStar with respect to any and all accounts maintained by the Company into which Collateral or the proceeds thereof are or may be deposited or held.

  • Any party who delays filing a motion for leave to amend its pleading, and in so delaying, causes prejudice to its adversary, is acting contrary to the spirit of Rule 15(a) and risks denial of the motion.In the case of Media Online Inc.

  • Other proposers shall receive cost points based upon the following formula: CCS = (LPC/TCP x 100) Where: CCS = Computed Cost Score (points) for Proposer being evaluated LPC = Lowest Proposed Sum of Total Cost of all ProposersTCP = Sum of Total Cost of Proposer being evaluated The Sum of the Total Cost for each Proposer shall be used for the cost evaluation.

  • The Architect and District have used the District’s Preliminary Construction Budget to establish an estimate of the Architect’s Total Compensation based upon a not to exceed fixed percentage fee of % the Computed Cost, as defined below.

  • Other proposers shall receive points for cost based upon the following formula:CCS = (LPC/PC)* 310CCS= Computed Cost Score (points) for Proposer being evaluatedCPS = Cost Proposal ScoreLPC = Lowest Proposal Cost of all proposersPC = Individual Proposal Cost  The assignment of the 310 points based on the above formula will be calculated by the proposal evaluation committee facilitator.

  • CCS = (LPC/TCP x 25) Where: CCS = Computed Cost Score (points) for Proposer being evaluated LPC = Lowest Proposed Cost of all ProposersTCP = Total Cost of Proposer being evaluated 1.52.1 Veteran-Owned and Service-Connected Disabled Veteran-Owned Small Entrepreneurships (Veterans Initiative) and Louisiana Initiative for Small Entrepreneurships (Hudson Initiative) Programs Participation A.

  • The Computed Cost will not include General Conditions and related Construction Management fees.


More Definitions of Computed Cost

Computed Cost. The Computed Cost shall be the acceptable estimate of Construction Cost to the DISTRICT as submitted by the ARCHITECT until such time as bids have been received, whereupon it shall be the total award from the initial construction contract(s), plus the cost of all approved additive contract change orders, with the exception of items resulting from errors and omissions on the part of the ARCHITECT. If the PROJECT is using the multiple-prime delivery method of construction, the Construction Manager’s fees and/or general conditions will only be included in the total Computed Cost used to calculate the ARCHITECT’s fee only if agreed upon in writing by the DISTRICT. Absent any written agreement, the Construction Manager’s fees or general conditions shall not be included in the total Computed Cost used to calculate the ARCHITECT’s fee. , , the day of between the Woodland Joint Unified School District, (“DISTRICT”) and HMC Group (“ARCHITECT”) for architectural services in connection with the following project: [Insert project number, name] (hereinafter “PROJECT”).

Related to Computed Cost

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Standard Cost means any cost computed with the use of preestablished measures.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Fully Loaded Cost means the direct cost of good or service plus all applicable indirect charges and overheads.

  • book cost means the total amount paid to purchase a security, including any transaction charges related to the purchase, adjusted for reinvested distributions, returns of capital and corporate reorganizations;

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • Tax Cost means any increase in Tax payments otherwise required to be made to a Taxing Authority (or any reduction in any refund otherwise receivable from any Taxing Authority).

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Computed tomography means the production of a tomogram by the acquisition and computer processing of X-ray transmission data.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Allowable cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Captured assessed value means the amount in any 1 year by which the current assessed value of the development area, including the assessed value of property for which specific local taxes are paid in lieu of property taxes as determined in subdivision (w), exceeds the initial assessed value. The state tax commission shall prescribe the method for calculating captured assessed value.

  • Bid with Lowest Evaluated Cost means the bid quoting lowest cost amongst all those bids evaluated to be substantially responsive;

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Eligible cost means as applied to a qualified project to be financed from the federal accounts, the costs that are permitted under applicable federal laws, requirements, procedures, and guidelines in regard to establishing, operating, and providing assistance from the bank. As applied to a qualified project to be financed from the state highway account, these costs include the costs of preliminary engineering, traffic and revenue studies, environmental studies, right‑of‑way acquisition, legal and financial services associated with the development of the qualified project, construction, construction management, facilities, and other costs necessary for the qualified project. As applied to any qualified project to be financed from the state transit account, eligible project costs are limited to capital expenditures for transit equipment and facilities.

  • Increased Cost has the meaning specified in Section 3.01.

  • Equipment Cost means, for each Unit, the purchase price therefor -------------- paid by the Owner Trustee to the Lessee pursuant to Section 2 of the Participation Agreement and as set forth in Schedule 1 to the Participation Agreement with respect to such Unit. Notwithstanding anything to the contrary contained in the Operative Agreements, the Equipment Cost for any Replacement Unit shall be deemed to be the Equipment Cost or deemed Equipment Cost of the Unit replaced by such Replacement Unit.

  • Total cost means the total annual cost of benefits and related costs including but not limited to claims, administration expenses, insurance premiums, consulting, auditing and advisory fees and all other costs and taxes, as reported on the insurance carrier’s most recent yearly statement, and if any, premium costs on other district school area board or public school authority statements, for the year ending no later than August 31, 2015. The aforementioned statements are to be provided to the Ministry of Education. Total Cost excludes retiree costs. The average number of Full-Time Equivalent (FTE) positions in the bargaining unit as at October 31st and March 31st for the period consistent with this clause.

  • Equalized assessed value means the assessed value of a property divided by the current average ratio of assessed to true value for the municipality in which the property is situated, as determined in accordance with sections 1, 5, and 6 of P.L.1973, c.123 (C.54:1-35a through C.54:1-35c).

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • Manufacturing Cost means ***

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

  • 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.

  • Original Cost means the total amount paid to purchase a security, including any transaction charges related to the purchase;