Indexed Bid Construction Costs definition

Indexed Bid Construction Costs means Bid Construction Costs adjusted for the dollar year in which construction of the Project begins. Such dollar year adjustment to be based on changes in the 2021 until the date full notice to proceed is given by the Designated Entity to its construction contractor(s).
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Indexed Bid Construction Costs means Bid Construction Costs adjusted for the dollar year in which construction of the Project begins. Such dollar year adjustment to be based on changes in the Handy-Whitman Index “Cost Trends of Electric Utility Construction: North Atlantic Region”, “Total Transmission Plant” from July 1, 2021 until the date full notice to proceed is given by the Designated Entity to its construction contractor(s).
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Examples of Indexed Bid Construction Costs in a sentence

  • If the actual Construction Costs are less than the Indexed Bid Construction Costs, the Designated Entity shall be entitled to a 50 basis point adder to the project ROE for each 10%, or portion thereof, that Construction Costs are below the Indexed Bid Construction Costs.

  • For Construction Costs that exceed the Indexed Bid Construction Costs up to the Construction Cost Cap Amount, the Designated Entity shall recover a reduced ROE of 5.75%.

  • For example, if Construction Costs are 5% below the Indexed Bid Construction Costs, the ROE will be adjusted from 8.5% to 8.75% (8.5% plus 0.50% x (5%/10%)).• Capped Equity Structure.

  • As stated in Section 5.2 Anbaric will not seek any customary FERC transmission incentive adders and would only receive a higher ROE if actual Construction Costs are below the Indexed Bid Construction Costs.

  • The Designated Entity shall recover a reduced ROE of 5.75% on the Construction Costs that exceed the Indexed Bid Construction Costs, up to the Construction Cost Cap Amount.

  • For example, if Construction Costs are 5% below the Indexed Bid Construction Costs, the ROE will be adjusted from 8.5% to 8.75% (8.5% plus 0.50%x(5%/10%)).

  • If the actual Construction Costs are less than the Indexed Bid Construction Costs, the Designated Entity shall be entitled to a 50 basis point adder to the project ROE for each 10%, or portion thereof, that Construction Costs are below the Indexed Bid ConstructionCosts.

  • As stated in Section 5.2 Anbaric will not seek any customary FERC transmission incentive adders, and would only receive a higher ROE if actual Construction Costs are below the Indexed Bid Construction Costs.

  • Anbaric, the Designated Entity, agrees that it will not seek recovery through its Annual Transmission Revenue Requirement of any Construction Costs in excess of an amount equal to the Construction Cost Cap Amount, which for Anbaric’s Boardwalk Power Option 3.2 is 130% of Indexed Bid Construction Costs based on the amounts set forth in Section 5.1.• Competitive Return on Equity.

  • Anbaric, the Designated Entity, agrees that it will not seek recovery through its Annual Transmission Revenue Requirement of any Construction Costs in excess of an amount equal to the Construction Cost Cap Amount, which for Anbaric’s Boardwalk Power Option 3.6 is 130% of Indexed Bid Construction Costs based on the amounts set forth in Section 5.1.• Competitive Return on Equity.

Related to Indexed Bid Construction Costs

  • 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.

  • 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.

  • 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.

  • 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.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • 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.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • 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.

  • 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.