Hard Construction Costs definition

Hard Construction Costs means the following types of activities, but not limited to, earthwork/site work, on-site utilities, roads and walks, concrete, masonry, metals, carpentry (rough and finish), moisture protection, doors/windows/glass, insulation, roofing, sheet metal, drywall, tile work, acoustical, flooring, electrical, plumbing, elevators, blinds and shades, appliances, lawns & planting, fence, cabinets, carpets, and heat & ventilation. For calculations of contractor fees, a reasonable contingency can be included.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Hard Construction Costs means the direct contractor costs for labor, material,

Hard Construction Costs 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.

Examples of Hard Construction Costs in a sentence

Costs not directly related to the construction of an improvement, such as profit, overhead, administration or taxes, or other professional services shall not be considered as part of the Hard Construction Costs.
In the event Landlord fails to obtain financing from a commercial bank or other third party lender reasonably acceptable to Landlord and the estimate of Hard Construction Costs exceeds Landlord’s Contribution, Tenant and Landlord shall enter into an escrow agreement with a mutually agreed upon third party whereby Tenant shall escrow the excess cost of the Hard Construction Costs before the commencement of construction of the Improvements.
Costs not directly related to the construction of an improvement, such as overhead, administration or taxes, or other professional services shall not be considered as part of the Hard Construction Costs.
Upon Tenant’s receipt of a commitment from its lender to finance the Hard Construction Costs (less Landlord’s Contribution), Tenant shall forward same to Lender.
The General Contractor's performance and payment bond shall equal the amount by which (A) such Hard Construction Costs exceed (B) the sum of the amounts of the Major Subcontractors' payment and performance bonds.

More Definitions of Hard Construction Costs

Hard Construction Costs means the actual hard costs of a specific construction project, including direct contractor costs for labor, materials, equipment, services, overhead, profit and other direct costs, excluding Repairs.

Hard Construction Costs as used herein shall mean the actual, out-of-pocket costs incurred by Tenant to construct the Tenant Improvements Work, including all submetering costs described in Paragraph 7.2 below. “Soft Construction Costs” as used herein shall mean the actual, out-of-pocket costs incurred by Tenant in connection with the Tenant Improvements Work and other matters related to Tenant’s taking occupancy of the Premises including, without limitation, permitting, architectural, engineering and design fees, space planning. “Labor and Materials Limitation” as used herein shall mean the costs for free-standing furnishings, fixtures, equipment and other personal property.

Hard Construction Costs means the aggregate of the following costs expended or caused to be expended for the Development: actual site development and construction costs, contractor fees, and the costs of supplies and materials, but excludes land acquisition costs paid for the various parcels that make up the Development Property and Tenant Improvement Costs. Level means the ▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇▇▇▇, or the Level 3 Development, depending on the context, and is a general term used herein to refer to such various levels of the Development.

Hard Construction Costs means and include (and shall be limited to) all labor and supervision fees and costs (other than the CM Fee) incurred in connection with any such construction activities, and the costs of materials, supplies and equipment incurred in connection with any such construction activities. The term “Hard Construction Costs” specifically excludes any and all soft costs, including, without limitation, architect, engineer and other design professionals’ fees, costs and expenses, legal fees, costs and expenses, permit fees and costs, and entitlement fees and costs.

Hard Construction Costs means, with respect to any component of the Project, all costs that the Developer is required to pay to the respective construction contractor for the construction of such component of the Project.

Hard Construction Costs shall have the meaning ascribed to such term in the Development Supervision Agreement.

Hard Construction Costs means the amount so designated in the Project Budget or an amendment thereto, to the extent such amount is actually spent by the Partnership.