Construction Cost definition

Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

Construction Cost means the contract price (expected to be specified in a Construction Contract), net of applicable taxes, to complete the Construction Work, as estimated by the Cost Consultant and agreed to by the City and the Architect, acting reasonably, based on the market rates expected to prevail at the time scheduled for the Construction Work, plus, if the City is to provide any labour or material for the Construction Work, the market value of that work or material; for the avoidance of doubt, “Construction Cost” shall not include the compensation to be paid to the Architect, the Architect’s Consultants or the City’s Consultants in connection with the Project or the cost of land, City of Vancouver development cost charges or development cost levies or other costs which are the responsibility of the City (except for labour and materials for the Construction Work).

Construction Cost of a capital improvement means the total of the incurred eligible direct and indirect costs necessary for constructing or installing the capital improvement that are capitalized by the concessioner in accordance with Generally Accepted Accounting Principles (GAAP).

Examples of Construction Cost in a sentence

• The Architect/Engineer will submit an Estimate of Probable Project Construction Cost to the Owner for review.

• City represents warrants and covenants that it has the authority to: (i) enter into this Agreement and to execute and deliver this Agreement; (ii) perform and comply with all of the terms, covenants and conditions to be performed and complied with by City hereunder; and (iii) if the City Engineer approves the Contract Award, City has sufficient funds reasonably available to pay the Construction Cost.

• The Parties acknowledge and agree that Company's use of such cut or excess materials for Company's Adjacent Land shall be consideration to Company for its performance of this Agreement, in addition to the Construction Cost.

• Accordingly, the Architect-Engineer cannot and does not warrant or represent that bids or negotiated prices will not vary from the Construction Budget proposed, established, or approved by the Owner, or from the estimate of Construction Cost or other cost estimate or evaluation prepared by the Construction Manager.

• The Design Professional will review and approve, reject or take other appropriate action on submittals such as shop drawings, product data, samples and proposed equal materials or equipment and requested substitutions within not more than fourteen calendar days, and will not approve any submittals unless such submittals conform with (i) the Project design concept; (ii) this Agreement; and (iii) the Owner’s budgeted Total Project Construction Cost.

More Definitions of Construction Cost

Construction Cost means the cost to perform all Work pursuant to the Construction Documents.

Construction Cost means the total estimated construction contract award amount, including the costs of all built-in fixtures, unless otherwise agreed to by the Civic Arts Commission. "Construction cost" shall not include movable or personal property or construction cost contingency.

Construction Cost means the total cost of the work to the owner of all elements of the project designed or specified by the design professional including the cost at current market rates of labor and materials furnished by the owner and equipment designed, specified or specifically provided by the design professional. Construction costs shall include the costs of management or supervision of construction or installation provided by a separate construction manager or contractor, plus a reasonable allowance for each construction manager’s or contractor’s overhead and profit.

Construction Cost means any capital investment, except for the purchase of land, by a qualified

Construction Cost means the total cost to the Owner of those portions of the entire Project designed or specified by the Designer. Construction Cost does not include the Designer’s compensation and expenses, the cost of land, rights-of-way, or for damages to properties, or the Owner’s legal, accounting, insurance counseling or auditing services, or interest and financing charges incurred in connection with the Project or the cost of other services to be provided by others to the Owner.

Construction Cost shall be the total cost or estimated cost to Owner of all elements of the Project designed or specified by Professional. Construction Cost shall include the cost at current market rates of labor and materials furnished by Owner and Construction Manager and equipment designed, specified, selected or specially provided for, by Professional, including connections to utilities, plus a reasonable allowance for Construction Manager's overhead and profit. Construction Cost does not include the compensation of Professional, Owner’s consultants, the costs of the land, rights-of-way, fixtures, moveable furnishings and equipment and contingencies or other costs which are the responsibility of Owner, as provided in Article 4. For this Project, Construction Cost shall not exceed $ .

Construction Cost means the direct actual cost to the RIAC of all construction contract items for the Project, including labor, materials and equipment required for the Project and reflected by the actual construction contract(s) or, if no contract(s) are awarded, the lowest bona fide bid received plus the total value of all labor, material and equipment purchased or furnished directly by the RIAC for the Project, but excluding: (1) fees or other costs of Consulting, legal and related services; (2) cost of land and rights-of- way; (3) the RIAC's administrative expenses; and (4) any additional exclusions that may be listed in Exhibit B, Scope of Services.