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.
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
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.
Examples of Hard Construction Cost in a sentence
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.
Such overage may be paid from the Hard Construction Cost portion of the Construction Allowance.
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).
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.
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.