Hard Construction Cost definition

Hard Construction Cost means the direct Contractor costs for labor, material, equipment, and services associated with an approved project, contractors’ overhead and profit, and other direct construction costs. Hard construction costs do not include architectural and engineering fees, survey, legal expenses, insurance premiums, development fees and other soft costs.
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Hard Construction Cost means the direct contractor costs for labor, material, equipment, and services associated with an approved project, contractors’ overhead and profit, and other direct construction costs. Hard construction costs do not include
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Hard Construction Cost which is the portion of the Hard Construction Cost Allowance which is used; and • “Soft Cost”, which is deemed to be One Million Five Hundred Eighty-Three Thousand Four Hundred ($1,583,400) Dollars. The manner in which the annual rent is to be calculated is illustrated using estimated costs in Exhibit B attached hereto.
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Examples of Hard Construction Cost in a sentence

  • Hard Construction Cost: | Soft Costs: | Non-refundable GST: Project SummaryThe Stavely School was originally constructed in 1957 and underwent a full facility modernization in 2002.

  • Summary: This report provides an update on activity undertaken to achieve the key strategic objectives agreed in the Ongo Corporate Plan 2019-2023 and the attached KPI report tracks progress against these strategic objectives.

  • The Guaranteed Maximum Price is made up of the following: Hard Construction Cost - RM30,000,000.00, Soft Construction Cost - RM1,896,000.00, and Construction Manager's Fee - RM1,610,000.00 for a total of RM33,500,000.00.

  • Hard Construction Cost ContingencyThe maximum Hard Construction cost contingency is 5% for new construction, 10% for rehabilitation, and 15% for adaptive reuse of Hard Construction Costs less construction contingency.

  • Tenant shall pay to Landlord a --------------------------- construction management fee in the amount of four percent (4%) of the Total Hard Construction Cost (as defined below).

  • Such overage may be paid from the Hard Construction Cost portion of the Construction Allowance.

  • The Construction Diversity and Inclusion Policy (CDIP) will be complied with, by BRCP and our subcontractors including, but not limited to:• Pursuit of aspirational baseline participation goals for historically underrepresented and underutilized businesses of 25% of the Hard Construction Cost.

  • For example, if the total Hard Construction Cost of the Project is RM26,000,000, then Owner shall pay to Construction Manager a bonus of RM2,000,000.

  • Academic members may serve and vote on committees, however are not eligible to vote in General Membership meetings.

  • Additionally, housing choice will be expanded through implementation of an Agency Specific Waiver to adopt an alternative reasonable cost formula to include Hard Construction Cost (HCD) and Total Development Cost (TDC) for development and construction activities under the local non-traditional activities.


More Definitions of Hard Construction Cost

Hard Construction Cost means any of the following costs: (a) Design-Builder materials, supplies, and equipment either incorporated directly into the construction on the Project or required to accomplish a construction activity on the Project, including equipment rental or lease, transportation, and storage; (b) Design-Builder labor costs for personnel performing labor at the Sites directly related to the construction of the Project or required to accomplish a construction activity (General Conditions labor for on-site Project supervision and management and off-site labor is excluded); (c) Subcontractor costs for Design-Build Work on items directly related to and/or incorporated into the finished construction for the Project including the cost of completing punch list Design-Build Work (for this purpose, the term Subcontractor costs includes purchase orders); (d) other Project related direct costs including construction insurance, bonds, Design-Build Security costs, taxes, permits, utilities, utility fees, third-party inspection & material testing, commissioning, and survey and layout services; and (e) Required FF&E.
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Related to Hard 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.

  • 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.

  • 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.

  • 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.

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

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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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;

  • 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.

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

  • Commenced Construction means (a) all of the following site preparation work is completed: ingress and egress routes exist; the site on which the Project will be located is cleared and graded; there is power service to the site; footings are prepared; and foundations have been poured consistent with purchased equipment specifications and project design; or (b) the following financial commitments have been made: (i) (A) an engineering, procurement, and construction contract (“EPC”) has been executed by all parties and is effective; or (B) contracts (collectively, “EPC Equivalents”) for all of the following have been executed by all parties and is effective: (1) project engineering, (2) procurement of all major equipment, and (3) construction of the Project, and (ii) the cumulative payments made by the Developer under the EPC or EPC Equivalents to the counterparties to those respective agreements is equal to at least thirty (30) percent of the total costs of the EPC or EPC Equivalents.

  • 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.

  • 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.

  • Original construction ’ shall mean the first or initial construction

  • 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.

  • Constructional Plant means all appliances or things whatever nature required in or about the execution, completion or maintenance of the works or temporary works (as hereinafter defined) but does not include materials or other things intended to form or forming part of the permanent work or temporary housing, hutting, office, stores, etc.,

  • 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.

  • Construction and Demolition Debris means and includes:

  • 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.