Construction Value definition

Construction Value means the value prescribed by the Chief Building Official to represent the total value of all work, services, and materials associated with the construction for which a permit is applied;

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Construction Value means the value of the improvement on the eligible development as determined by a certificate from the Property Owner’s design professional, in form and content satisfactory to the City’s General Manager of Planning and Development;

Construction Value. , means the value of the proposed construction as determined by the Chief Building Official, whose determination of the value shall be final. Where there is no prescribed construction value the CBO will determine building permit fee based on required time.

Examples of Construction Value in a sentence

VAT) is: Offered Fee Percentage (%) is: in relation to Construction Value.
In the event the scope of a Project increases beyond the Construction Value originally set forth on the applicable Order Form, Subscriber will promptly notify Oracle and additional fees may be assessed based on the then-current Oracle pricing scale.
In order to determine payment of the VAT over the Construction Value, the Buyer is obligated to perform all necessary acts in order to deliver to Seller, in anticipation to the formalization of this Agreement before Notary Public, of an appraisal of the construction over the Property, which shall be previously approved by the corresponding tax authorities.
The rate of the percentage of construction cost on an individual project shall be determined as follows: Project Construction Value Proposed Fee Up to $25,000 % $25,001 to $50,000 % $50,001 to $100,000 % $100,001 to $200,000 % $200,001 to $400,000 % $400,001 to $1,000,000 % Over $1,000,000 % The Architectural Designer’s percentage of construction cost on an individual project shall be all- inclusive.
The rate of the percentage of construction cost on an individual project shall be determined as follows: Project Construction Value Proposed Fee Under $1,000,000 % $1,000,000 - $3,000,000 % Over $3,000,000 % The Commissioning Agent’s percentage of construction cost on an individual project shall be all- inclusive.

More Definitions of Construction Value

Construction Value means the greater of declared value of the work provided by the applicant or the value of the work calculated by the Manager of Permits and Inspections using accepted current costing guides such as the Altus Helyar Construction Cost Guide. In the event the applicant does not agree with the value determined by the Manager of Permits and Inspections, the applicant may, prior to payment of the fees and issuance of the Permit, retain a professional Quantity Surveyor registered in British Columbia to provide a written estimate of the value of the work, in which event “Construction Value” will mean the value of the work as estimated by the Quantity Surveyor;

Construction Value or “project value” means the total costs to the owner for the building construction in its completed form and includes the cost of design, all building work, materials of construction, building systems, and labour and profit of the contractor and subcontractors, but does not include the cost of non-fixed furnishings or non-fixed equipment.

Construction Value means the value of construction provided by the builder or his agent or a construction valuation calculation accepted as an equivalent by the Building Inspector.

Construction Value means the original design-build (or equivalent) contract price for a Project, excluding any element of such price relating to debt or equity financing costs, operations or maintenance work, or land acquisition costs.

Construction Value means the value of the improvements on the eligible property as determined by the Director of Development Services;

Construction Value means the value prescribed by the CBO to represent the total value of all work, services and material associated with the construction for which a permit is applied;

Construction Value means the estimated value of construction, acceptable to the Building Inspector and using the methodology for determining the value of construction on a building permit, and, if required by the Building Inspector, must be determined by an estimate prepared by the Owner’s architect or engineer. To the extent necessary, the Building Inspector may divide the Construction Value into separate components representing new construction, renovations and additions, as well as industrial, commercial and residential building components.