Construction Cost Breakdown definition
Examples of Construction Cost Breakdown in a sentence
Borrower shall request approval of each Subdivision prior to a request for Disbursements with respect thereto, and shall provide Lender with all information required by Lender in connection therewith, including, without limitation, a Construction Cost Breakdown applicable to such Subdivision.
Executed copies the Construction Contract, providing for construction of the New Improvements (other than the Future Components) as provided for therein in accordance with the Plans and Specifications for a guaranteed maximum price or fixed price (including cost of rock removal) consistent with the Schedule of Project Costs and Construction Cost Breakdown and otherwise satisfactory to Lender.
Lender shall have received written certification by Consultant, and if required by Lender, Borrower’s Architect and Engineer, that based on on-site observations, construction on the Premises are in accordance with the Plans and Specifications and the Construction Cost Breakdown.
Borrower shall have delivered a Construction Cost Breakdown in form and content satisfactory to the Lender.
Where the Construction Cost Breakdown is not relevant as contemplated above, the cost shall be calculated by reference to a fair valuation for the cost of complying with the Variation.
The Bank shall have received from Borrower a projected development and construction cost breakdown, satisfactory to the Bank in form and substance, specifying in reasonable detail projected amounts to be payable for each category of work to be performed and materials to be supplied in connection with the development and construction of the Project, along with a projected schedule for the progress of such construction (the "Construction Cost Breakdown and Schedule").
The words "Construction Budget" shall mean the Construction Cost Breakdown attached hereto as Exhibit "B" and incorporated herein by reference, as the same may be amended from time to time with the consent and approval of the Lender.
The Bank shall have received from Borrower a projected development and construction cost breakdown, satisfactory to the Bank in form and substance, specifying in reasonable detail projected amounts to be payable for each category of work to be performed and materials to be supplied in connection with the development and construction of the Project, along with a projected schedule for the progress of such construction (the Construction Cost Breakdown and Schedule").