Construction Budget definition

Construction Budget means the cost of acquisition, installation, testing, constructing and developing any Property as determined by the Construction Agent in its reasonable, good faith judgment.

Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

Construction Budget means the fully budgeted costs for the acquisition and construction of a given piece of Property (including without limitation, the cost of acquiring such piece of Property (except to the extent any portion thereof is Unimproved Land), reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs), as reasonably determined by the Borrower in good faith.

Examples of Construction Budget in a sentence

• Contractor shall compare their cost estimate with the cost estimate independently prepared by the Architect/Engineer for these same design documents and endeavor to resolve discrepancies in the estimates to the satisfaction of the AOC, and with the goal that both cost estimates are less than or equal to the AOC’s Construction Budget.

• Authorization to proceed with each succeeding step in the design process is contingent upon the AOC’s written Acceptance of both the Architect/Engineer’s and Contractor’s independent cost estimates, which when evaluated separately, must both be equal to or less than the Construction Budget.

• Contractor shall recommend, if necessary, appropriate modifications of the Design Documents to lower both the Contractor’s and the Architect/Engineer’s independent estimates to amounts equal to or lower than the Construction Budget.

• Owner’s Advisor will establish an updated Owner’s Construction Budget (Budget) based on the CM/GC’s procurement strategy which identifies Work Packages used to construct the Work.

• The Owner, Owner’s Advisor, and Engineer (collectively, Owner’s Project Team or OPT) will work with CM/GC to determine if rebidding or restructuring Work Packages is likely to lead to lower bid prices; if so determined, CM/GC will rebid selected original Work Packages or restructured Work Packages identified as having the potential to reduce the overall cost of construction to the Owner’s Construction Budget.

More Definitions of Construction Budget

Construction Budget means University's written statement of funds available to pay for the cost of construction.

Construction Budget means the fully-budgeted costs for the acquisition and construction of a given piece of real property (including without limitation, the cost of acquiring such piece of real property (except to the extent any portion thereof is Unimproved Land included in the immediately following clause (iv)), reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs), as reasonably determined by the Borrower in good faith and (y) real property under construction to be (but not yet) acquired by the Borrower or a Subsidiary upon completion of construction pursuant to a contract in which the seller of such real property is required to complete construction prior to, and as a condition precedent to, such acquisition, shall be subject to this subsection;

Construction Budget means the budget available for total Construction Cost, determined or approved in writing by the City; provided that, as at the time of signing this Agreement, the Construction Budget (the “preliminary Construction Budget”) is as set out in Schedule C.

Construction Budget means the budget amount established by the District, representing the maximum authorized cost for construction of the Project. The Construction Budget does not include fees for professional architectural and engineering services, District inspection, or testing and inspection services.

Construction Budget is defined in Section 2.4 of the Construction Agency Agreement.

Construction Budget means that portion of the 'Project Budget' applicable to a Construction Contract;

Construction Budget means that amount which is announced after the deadline for the receipt of bids, but prior to the opening of bids.