Direct Construction Cost definition

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.
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Direct Construction Cost shall have the meaning set forth in Article 11.
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Direct Construction Cost means the cost to the Owner of all divisions of construction, including portable equipment only if designed or specified by the Architect for inclusion in the construction specifications.
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Examples of Direct Construction Cost in a sentence

  • Direct Construction Cost means the sum of the amounts that Contractor actually and necessarily incurs constructing the Project in strict compliance with the Construction Documents.

  • References in the UGC to adjustments in “cost” or “costs” mean the Direct Construction Cost.

  • Direct Construction Cost includes only the cost categories set forth in this Article and does not include the Pre-Construction Phase Fees or the Construction Phase Fees unless specifically noted.


More Definitions of Direct Construction Cost

Direct Construction Cost means the sum of the amounts that 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 Contract. Direct Construction Costs does not include Pre-Construction Phase Fees or Construction Phase Fees.
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Direct Construction Cost means the sum of the amounts that Construction Manager actually and necessarily incurs for General Requirements, General Conditions, and Cost of Work during the construction as allowed by this Agreement. Direct Construction Cost does not include Preconstruction Services fees or Construction Services fees.
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Direct Construction Cost means the cost to the Owner of all divisions of construction, including portable equipment only if designed or specified by the Design Professional for inclusion in the construction specifications.
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Direct Construction Cost is the sum of all applicable Construction General Conditions costs, Subcontractor costs, costs of self-performed work (if approved in writing in advance by Owner), Allowances and Contingencies.
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Direct Construction Cost means the Cost of the Work plus the general conditions costs, but with no fee added.
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Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General
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Related to Direct Construction Cost

  • 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 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.

  • New construction means, for the purposes of determining insurance rates, structures for which the “start of construction” commenced on or after the effective date of an initial FIRM or after December 31, 1974, whichever is later, and includes any subsequent improvements to such structures. For floodplain management purposes, new construction means structures for which the start of construction commenced on or after the effective date of a floodplain management regulation adopted by a community and includes any subsequent improvements to such structures.

  • Construction Work means any work in connection with⎯

  • The constructional plant means all appliances, tools, plants or machinery or whatsoever nature required in or about the execution, completion or maintenance of the works but does not include materials or other things intended to form part of the permanent work.

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

  • Original construction ’ shall mean the first or initial construction

  • 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.

  • Pre-Construction Phase Services means the participation, documentation and execution of Contractor’s Pre-Construction Phase deliverables as required by this Agreement and further defined in Article 5.