Interest During Construction (IDC) definition
Interest During Construction (IDC). – means the interest accrued on debt provided by a lender and capitalised during the construction phase of the project.
Interest During Construction (IDC) means interest during construction and shall be the sum of the interest during construction;
Examples of Interest During Construction (IDC) in a sentence
If the County fails to make a scheduled contribution in accordance with Exhibit C by November 30, and Reclamation thereafter incurs additional expenses for the Project after all prior County contributions have been expended, Reclamation may assess interest on the County’s unpaid share of such actual expenses for the Project at the Interest During Construction (IDC) rate in effect on the date that construction commences.
Project Management Consultancy charges (PMC @ 3%) Interest During Construction (IDC) EESL post tax return on equity shall be 14% per annum The debt equity ratio will be 80:20 The interest rate on debt will be on actuals subject to a maximum rate of 10.50% Establishment &Supervision Charges (ESC) will be limited to 3%.