Construction Base definition

Construction Base consisting of the following: 2.10.1.1 Trade Contract Costs consisting of payments made by the Construction Manager to Trade Contractors in accordance with the requirements of the Trade Contracts, including payment and performance bonds, if any. 2.10.1.2 Supply Contract Costs not included in Trade Contract Costs for goods and services incorporated in the completed construction including: (a) Costs, including transportation, but less all available discounts, rebates, allowances and the like, of materials and equipment incorporated or, to the extent permitted by this Agreement, to be incorporated into the Work and included in the Guaranteed Maximum Price. (b) Costs of materials described in Section 2.10.1.2(a) in excess of those actually installed but required to provide reasonable allowance for waste and for spoilage that in any event shall not exceed what is considered a customary allowance. Unused excess materials, if any, shall be delivered to the Owner at the completion of the Work (or upon completion of the specific aspect of the Work, if spoilage or a decrease in the market value is a consideration) or, at the Owner’s option, shall be sold by the Construction Manager; amounts realized, if any, from such sales shall be credited to the Owner as a deduction from the Construction Cost.
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Examples of Construction Base in a sentence

  • The Construction Manager’s Fee for Construction Phase Services shall be billed and paid monthly in proportion to the Construction Base and General Conditions Items on which it is based.

  • II) For Ft. ▇▇▇▇▇▇▇▇ Projects only, Long and Short Term Maintenance Base Rates will be set at 100% of Construction Base Rates plus 100% of appropriate benefits.

  • The Construction Base Rent, Base Rent and Additional Rent are hereinafter referred to as "Rent".

  • Landlord covenants and agrees with Tenant that Tenant on paying the Construction Base Rent, Base Rent and Additional Rent and performing obligations of Tenant in this Lease, so long as no default beyond applicable cure periods shall exist, shall and may peaceably and quietly have, hold and enjoy the Premises hereby demised for the intended purpose as herein before provided, subject to the terms and provisions hereof.

  • No single property accounted for as much as 1% of the Company's net sales during fiscal 1998, although approximately 2,300 properties owned and managed by one large property management company accounted for an aggregate of 7.9% of the Company's net sales during this period.

  • If the Tenant elects to terminate the Lease under this section or loses its appeal, neither party shall have any further liabilities or obligations hereunder, except Landlord shall be entitled to keep the entire PSA Deposit (defined below) and any Construction Base Rent paid to date.

  • The Construction Base Rent and Base Rent payable hereunder shall be net to Landlord, so that this Lease shall yield to Landlord the net rent specified herein during the term of this Lease and any extensions thereto.

  • Tenant shall pay Landlord construction base rent ("Construction Base Rent") in arrears in consecutive monthly installments payable on the first day of each month during the Construction Term commencing on the Commencement Date.

  • The Construction Base Rent and the Construction Fee will be computed monthly based on the actual number of days elapsed over a 360-day year (365/360 method).

  • Subject to this Section and Section 2.07 hereof, Loans extended with respect to the Construction Loan shall be comprised of Construction Base Rate Loans and/or Construction LIBOR Rate Loans, as selected by the Borrower.

Related to Construction Base

  • construction site means a workplace where construction work is being performed;

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Construction Phase means that Phase of the Project which shall commence after the Authority provides the Trade Contractor with written Notice to Proceed with the Construction Phase.

  • Constructional Plant means all equipments, materials, appliances or things of whatsoever nature required for execution, completion or maintenance of the works (as hereinafter defined) but does not include materials or other things intended to form or forming part of the permanent work.

  • Construction Zone shall have the meaning set forth in Clause 8.3 (i);