Construction Cost Index (CCI) definition

Construction Cost Index (CCI) means the Construction Cost Index contained in the “ENR City Cost Index” for Los Angeles, as published by Engineering News-Record. If the CCI is discontinued or substantially altered, a suitable replacement will be determined by the Parties in accordance with general market practice at the time.
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Examples of Construction Cost Index (CCI) in a sentence

  • The Construction Cost Index (CCI) used in the calculations described above shall be those currently published at the time the Economic Price Adjustment calculation is performed.

  • Further, the outstanding Sewer PIF Costs shall be adjusted for inflation on January 1, 2023, and on January 1 of each year thereafter until paid in full based on the then-current Engineering News Record (ENR) 20-Cities Construction Cost Index (CCI), or its successor index, as measured for the five (5) year period immediately preceding the January 1 adjustment date.

  • County agrees to reimburse Developer for actual construction hard costs only (excluding soft costs such as permit fees, design fees, construction management, etc.) for the Traffic Signal Improvements per project Condition of Approval No. 25, PLN17-00018, in a maximum amount of $1,200,000 plus any future Construction Cost Index (CCI) adjustments.

  • Construction costs indicated in Exhibit “C” attached hereto, shall be calculated annually based on the Construction Cost Index (CCI) as determined for the San Francisco Bay Area and listed in the Engineering News-Record based on 6816.70, published for January 2000.

  • After the initial 2-year contract, should the CITY and CONSULTANT agree to exercise the optional one-year renewal contracts, CITY agrees to compensate CONTRACTOR the fees noted in Table 1A of EXHIBIT B for the sampling plus an escalation factor as determined in the Engineering News-Record (ENR) Construction Cost Index (CCI).

  • Pursuant to CLAUSE 7: Contract Price Adjustment (as amended above), the agreement is hereby increased by 7.4% per the most recent available data of Engineering News Record (ENR) Construction Cost Index (CCI), 20-city average.

  • Pursuant to CLAUSE 7: CONTRACT PRICE ADJUSTMENT, the agreement is hereby increased by 5.7% per the most recent available data of Engineering News Record (ENR) Construction Cost Index (CCI), 20-city average.

  • Adjustments to the unit price(s) will not exceed the percentage of escalation/de-escalation in the Engineering News Record (ENR) Construction Cost Index (CCI), 20-city average, and the hourly rates will not exceed the percentage of change in the U.S. Department of Labor Consumer Price Index, All Items, Unadjusted, Urban Areas (“CPI-U”) for the 12 months of statistics available at the time of the Contract’s renewal.