Construction Cost Overruns definition

Construction Cost Overruns has the meaning set forth in Section 2.6.
Construction Cost Overruns. As defined in the Development Agreement.
Construction Cost Overruns means construction costs in excess of $15,541,677 incurred by Seller in connection with completion of the Hobbs Expansion Improvements.

Examples of Construction Cost Overruns in a sentence

  • Construction Cost Overruns RDE states that there is a risk that construction and equipment costs may be higher than projected but discusses the strategies it plans to implement to mitigate this risk.

  • These depreciation rates are effective on January 1, 2018, for computing the depreciation expense on the average investment for each plant account.Revenue Requirement Construction Cost Overruns All Commission construction authorizations for water construction projects require a utility to notify the Commission if its final project cost will exceed 110 percent of the authorized cost.

  • Construction Cost Overruns refer to processes that include accurate estimates, complete designs, correct scheduling, planning for scope changes and efficient administration.

  • The independent directors will meet regularly in executive session, but no less frequently than twice per year.

  • Trimming Construction Cost Overruns Cost overruns are common in infrastructure (Box 5.1).

  • C Farmer moved, supported by J Domingo, CARRIED, To Approve 2019 Expense Increase for Account 277-701-976-00, Buildings, Additions & Improvements for Heating System Replacement, Parking Lot Lighting Upgrade and Potential Construction Cost Overruns to $520,000 as presented.

  • Construction Cost Overruns: Revised Construction Budget exceeds 10% of the original contract and the Contingency Reserve has been spent.

  • The microbiological and physicochemical effects of gamma radiation on industrial wastewater can be observed in this research and the optimum dose for disinfection and BOD, COD reduction to an acceptable level is obtained.

  • In the case of a person who lacks the capacity to be involved, the authority should involve any person authorised to make decisions about the individual under the Mental Capacity Act 2005 120.

  • PacifiCorp Has Taken Steps to Mitigate Risks Associated with Missing the PTC Deadline, Construction Cost Overruns, and Falling Short on Capacity Factor.


More Definitions of Construction Cost Overruns

Construction Cost Overruns shall have the meaning ascribed to it in the Operating Agreement.
Construction Cost Overruns. As defined in the Development Agreement. Construction Loan. As defined in the Development Agreement, which Construction Loan, and the terms thereof, are hereby approved by the Members. Xxxxxxxx Property. As defined in Section 6.14.

Related to Construction Cost Overruns

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • 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.

  • Cost Overrun means an obligation exceeding the maxi- mum capital expenditure authorized by an approval.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • 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.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.

  • Construction Work means any work in connection with⎯

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Estimated Construction Cost or “ECC” means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.

  • Construction Debt means debt incurred to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on other Construction Debt or (c) distributions (including incremental Incentive Distributions) on Construction Equity.

  • 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.

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • 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.

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Construction Fee means a fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or provide major repairs or rehabilitations on a Property.

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Qualified Project Costs shall have the meaning given to it in the Regulatory Agreement.

  • Total Project Costs means the total amount of money required to complete the Project.

  • Construction Contractor means a person who undertakes to or offers to undertake to, or purports to have the capacity to undertake to, or submits a bid to, or does himself or by or through others, construct, alter, repair, add to, subtract from, improve, move, wreck, or demolish any building, highway, road, railroad, excavation, or other structure, project, development, or improvement to real property, or to do any part thereof. "Construction contractor" includes subcontractors, specialty contractors, prime contractors, and any person receiving consideration for the general supervision and/or coordination of such a construction project except for remediation contracting. This definition shall govern without regard to whether or not the construction contractor is acting in fulfillment of a contract.

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Construction Works means all works and things necessary to complete the Project in accordance with this Agreement;