Final Construction Cost definition

Final Construction Cost has the meaning set forth in Exhibit I.
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Final Construction Cost means the firm and best estimate of the total project construction cost to the Owner, and the town that the Owner represents in this Agreement, in conformance with MassDOT cost estimating standards for all elements of the Project designed or specified by the Consultant and its sub-consultants.
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Final Construction Cost means the final aggregate construction cost of a New Tank, as contemplated by Exhibit H, Exhibit I and Exhibit J.
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Examples of Final Construction Cost in a sentence

  • The Owner reserves the right to accept a proposal and award a construction contract that exceeds the Final Construction Cost Limitation, if such award is determined by Owner to be in the Owner’s best interest.

  • The Owner reserves the right to accept a proposal and award a construction contract that exceeds the Final Construction Cost Limitation, if such award is determined by ODR to be in the Owner’s best interest.

  • Promptly following the New Tank Commencement Date, HEP Operating will deliver a written certification to HFRM certifying the Final Construction Cost for the New Tank.

  • Upon completion of the installation of facilities, the project will be audited and the required payment will be adjusted to the Final Construction Cost.

  • Accordingly, the Consultant cannot and does not warrant or represent that bids or negotiated prices will not vary from the Final Construction Cost.

  • The Consultant’s estimates of Final Construction Cost represent the Consultant’s judgment as a design professional familiar with the construction industry.

  • In the event the best value proposal received for the Project exceeds the Final Construction Cost Limitation established at the completion of the Construction Document Phase, the Project Architect, without charge to the Owner, and if so directed by Owner, shall revise the drawings and specifications as necessary to bring the cost of the Project within the Final Construction Cost Limitation.

  • Project Name: Project Engineer: Original Bid Amount: Final Construction Cost: Contract Period: Actual Contract Period: Explanation: 4.

  • All building systems must be delineated fully to illustrate their proposed scope and functions.(2) Final Construction Cost Estimate.

  • Project Deliverables: Preliminary Plan and Construction Cost Estimate, LG&T Plans, F&OC Plans, Final Construction Cost Estimate, Construction Plans (copies and mylar originals), and As-Built plans.


More Definitions of Final Construction Cost

Final Construction Cost means the firm and best estimate of the total project construction cost to the Owner, and the town that the Owner represents in this Agreement, in conformance with MassDOT cost estimating standards for all elements of the Project designed or specified by the Consultant and its sub-consultants. The Final Construction Cost shall include the cost of labor and materials at market rates current at the time of completion of all work under this Agreement, plus a reasonable allowance for a contractor’s overhead and profit. The Final Construction Cost shall include a schedule for estimated cost escalation for each year that construction start is delayed, up to 5 years. The Final Construction Cost does not include the compensation of the Consultant and the Consultant’s subconsultants under this Agreement, the costs of the land, rights-of-way, financing or other costs. The Final Construction Cost does not include the compensation of a Consultant to perform Project construction engineering, change order, and oversight services on behalf of the Owner.
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Final Construction Cost means the final cost to Owner of all Work performed by the Constructor. The Final Construction Cost for purposes of this Agreement will be adjusted for all actual costs which result from force majeure events, Owner delays, and any changes to the Project made at Owner’s direction or request (but not changes required to address acts or omissions of the Architect, Construction Manager, or Constructor).
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Final Construction Cost as used herein means the total of all expenditures relating to the Construction Component, including, but not limited to, construction contract administration, notifications, advertising, copying, construction engineering support, construction staking, demolition, clearing, grubbing, grading, construction of pedestrian walkway, driveway approaches, drainage facilities, pedestrian crossings, and other structures as needed, testing, inspections, preparation of as-built plans, approved project changes, and the personnel costs of Monte Sereno and Saratoga based upon actual time expended in connection with the Construction Component plus all applicable overhead expenses and any reasonable unanticipated costs of administration incurred by Saratoga provided that such unanticipated costs do not exceed 10% of Construction Cost Local Share. The Final Construction Cost shall be determined upon completion of the Construction Component but in no event shall exceed $1,000,000 without the prior written consent of the parties.
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Final Construction Cost means the firm and best estimate of the total project construction cost to the Owner, and the town that the Owner represents in this aAgreement, in conformance with MassDOT cost estimating standards for all elements of the Project designed or specified by the Consultant and its subCconsultants. The Final Construction Cost shall include the cost of labor and materials at market rates current at the time of completion of all work under this aAgreement, plus a reasonable allowance for a contractor’s overhead and profit. The Final Construction Cost shall include a schedule for estimated cost escalation for each year that construction start is delayed, up to 5 years. The Final Construction Cost does not include the compensation of the Consultant and the Consultant’s subCconsultants under this aAgreement, the costs of the land, rights-of-way, financing or other costs. The Final Construction Cost does not include the compensation of a Consultant to perform Project construction engineering, change order, and oversight services on behalf of the Owner.
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Related to Final Construction Cost

  • 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.

  • 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.

  • Original construction ’ shall mean the first or initial construction

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • 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.

  • Building construction means any physical activity on the site involved in the erection of a structure, cladding, external finish, formwork, fixture, fitting of service installation and the unloading of plant, machinery, materials or the like.

  • Residential construction means construction on single-family or two-family dwellings occupied or used, or intended to be occupied or used, primarily for residential purposes, and includes real property pursuant to chapter 499B.

  • 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.

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

  • construction site means a workplace where construction work is being performed;

  • 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.

  • 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;

  • 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.

  • Cost of Construction means the total cost to Owner of those portions of the entire Project designed or specified by the Design Professional. Cost of Construction does not include the Design Professional's compensation and expenses and Owner's expenses associated with the Project or the cost of other services to be provided by others to the Owner.

  • Commence Construction means that an owner or operator has either undertaken a continuous program of construction or has entered into a contractual obligation to undertake and complete, within a reasonable time, a continuous program of construction.

  • 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 and Demolition Debris means and includes:

  • 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.

  • Land disturbing construction activity means any man-made alteration of the land surface resulting in a change in the topography or existing vegetative or non-vegetative soil cover, that may result in runoff and lead to an increase in soil erosion and movement of sediment into waters of the state. Land disturbing construction activity includes clearing and grubbing, demolition, excavating, pit trench dewatering, filling and grading activities.

  • Construction Zone shall have the meaning set forth in Clause 8.3 (i);

  • Construction Work means any work in connection with⎯

  • Pipeline Construction means a substantial disturbance to agricultural land associated with installation, replacement, removal, operation or maintenance of a pipeline, but shall not include work performed during an emergency. Emergency means a condition where there is clear and immediate danger to life or health, or essential services, or a potentially significant loss of property. When the emergency condition ends, pipeline construction will be in accordance with these rules.

  • Existing construction means any structure for which the "start of construction" commenced before the effective date of the initial floodplain management code or ordinance adopted by the community as a basis for that community's participation in the NFIP.

  • 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.

  • Begin actual construction means, in general, initiation of physical on-site construction activities on an emissions unit which are of a permanent nature. Such activities include, but are not limited to, installation of building supports and foundations, laying of underground pipework, and construction of permanent storage structures. With respect to a change in method of operation, this term refers to those on-site activities, other than preparatory activities, which mark the initiation of the change.