Examples of Initial Construction Budget in a sentence
If the Landlord’s Initial Construction Budget, including all markups for overhead, profit and general conditions, is not the lowest estimate, Landlord shall be provided with sufficient backup to determine whether the Tenant’s bid includes all items contained in Landlord’s Initial Construction Budget and Landlord shall have an opportunity to adjust its bid.
If, after review and any revisions to the bids, the Landlord’s Initial Construction Budget is still higher than other bid submitted, then Landlord shall either cede the construction to the Tenant’s general contractor or agree to perform the work at the lowest bid.
The only exclusion from the the Initial Construction Budget shall be the actual fees charged by the Township of Cranbury for construction permits and certificates of occupancy, which will not be determined by the municipality until after the Landlord applies for the construction permits and certificates of occupany and shall be paid by Tenant as set forth hereafter.
The Initial Construction Budget shall also include Landlord's standard xxxx-up of * * * of the Hard Construction Costs for general conditions, * * * of the Hard Construction Costs for overhead, and * * * of the Hard Construction Costs for profit.
The Initial Construction Budget shall set forth the lump sum amount payable by Tenant to Landlord for the construction of the Tenant Improvements (“Hard Construction Cost”).