Estimated Construction Value definition

Estimated Construction Value means the estimated value of all construction Operations and or Works for a Scheme estimated in accordance with Schedule 4 Measurement, Rates & Prices. The Estimated Construction Value shall not include the estimated value and or estimated cost of Investigations and Design.
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Examples of Estimated Construction Value in a sentence

  • Estimated Construction Value: Final determination to be based on Means Cost Data and/or Building Commissioner/Inspector.

  • The FIRM Firm's surety or sureties must be licensed in Georgia, be currently rated "A-" or better by A.M. Best Company and, additionally, shall be currently listed on the U.S. Department of Treasury's Listing of Approved Sureties (Department Circular 570) as a surety authorized to write bonds for the U.S. Government with a total underwriting limitation of the FIRM Firm's surety or sureties equal to or greater than the Estimated Construction Value for the project stated on page one of this form.

  • Investigations and Design for Schemes where the Estimated Construction Value of the Scheme is not more than fifty thousand Great British Pounds and Zero Pence (£50,000).

  • Prior to granting of a construction permit for site improvements, the subdivider or developer shall pay an As-Built Deposit Fee equaling 1% of the Total Estimated Construction Value, or $1,000, whichever is greater.

  • Project Limit Estimated Construction Value: The estimated value of construction associated with each individual project.

  • LOT B - Provision of a Multi-disciplinary Team – Estimated Construction Value below the EU Spend Threshold This Lot will be used for projects that have an estimated Construction value under the EU Spend Threshold for Construction Works, £4,104,394 as of January 2016.

  • Estimated Construction Value – A written estimate or opinion of costs by a Civil Engineer licensed in the state of Florida that includes the total cost of construction to install the improvements approved through a Permit, including labor, materials, equipment, mobilization, maintenance of traffic, testing administrative costs, performance bonds and demobilization.

  • The Estimated Construction Value shall include a detailed breakdown of said costs for each item of work.

  • Part (b) is a NE because any unilateral deviation by any agent, gives anhigher cost.

  • The CM Firm's surety or sureties must be licensed in Georgia, be currently rated "A-" or better by A.M. Best Company and, additionally, shall be currently listed on the U.S. Department of Treasury's Listing of Approved Sureties (Department Circular 570) as a surety authorized to write bonds for the U.S. Government with a total underwriting limitation of the CM Firm's surety or sureties equal to orgreater than the Estimated Construction Value for the project stated on page one of this form.

Related to Estimated Construction Value

  • 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 the floodplain management regulations adopted by a community and includes any subsequent improvements to such structures.

  • Original construction ’ shall mean the first or initial construction

  • Transaction Value means the actual contract value (the bid sum or price) in South African currency, inclusive of all applicable taxes in respect of the goods, services or construction works that are contracted for.

  • 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.