Hard Costs definition

Hard Costs means and includes building Acquisition costs, Site Work costs and Construction and Rehab costs, as shown in the Applicant’s properly completed UniApp, Section C, Uses of Funds.

Hard Costs means all costs and expenses payable for supplies, materials, labor and profit with respect to the Improvements under any Construction Contract.

Hard Costs means, with respect to the purchase by Borrower of an item of Eligible New Equipment, the net cash amount actually paid to acquire title to such item, net of all incentives, trade-in allowances, discounts and rebates, and exclusive of freight, delivery charges, installation costs and charges, software costs, charges and fees, warranty costs, taxes, insurance and other incidental costs or expenses and all indirect costs or expenses of any kind.

Examples of Hard Costs in a sentence

• The sum of Direct Hard Costs, Soft Costs, and (if the Agreement provides for one) the General Conditions Fee, unless a different definition is provided in the Agreement.

• Additional fees for ineligible costs will be limited to the same percentage of ineligible Hard Costs but will not be included in Eligible Basis.

• Hard Costs do not include Acquisition Costs, Builder Profit, Builder Overhead, Developer Fees or Soft Costs (such as architectural, engineering, consultant, legal fees, etc).

• Hard Costs do not include Acquisition Costs, Builder Profit, Builder Overhead, Developer Fees or Soft Costs (such as architectural, engineering, consultant, legal fees, etc.).

• Minimum Hard Costs: Minimum hard costs must be no less than sixty-five percent (65%) of total development costs.

More Definitions of Hard Costs

Hard Costs means the costs and expenses in respect of supplying goods, materials and labor for the construction of improvements relating to the Facility or other amounts payable pursuant to the Construction Documents.

Hard Costs means the aggregate costs of all labor, materials, equipment and fixtures necessary for completion of construction of the Improvements, as more particularly set forth in the Project Budget.

Hard Costs means the cost of the work specified in a construction contract, including site work, excluding contractor profit, general requirements and contractor overhead.

Hard Costs means all items under the category heading “Hard Cost” in the Total Project Budget. Notwithstanding the foregoing, in no event shall taxes, insurance premiums, Debt Service Shortfalls or any operating deficits of the Company or Owner constitute Hard Costs.

Hard Costs means those Building Loan Costs which are for labor, materials, equipment and fixtures.

Hard Costs means costs and expenditures required to construct and create an improvement that are generally considered by the construction industry as “hard costs”, including:

Hard Costs means any amounts expended or to be expended for work, services or materials done, performed, placed or furnished in connection with the construction of the project, all as more particularly set out in the project budget (and, for the avoidance of doubt, Hard Costs shall not include amounts payable pursuant to the terms of any consultant contract).