Preconstruction costs definition

Preconstruction costs means the cost of eligible items incurred before the start of construction, including:
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Preconstruction costs means all costs associated with a potential nuclear plant incurred before issuance of a final certificate under the Utility Facility Siting and Environmental Protection Act, including, without limitation, the costs of evaluation, design, engineering, environmental and geotechnical analysis and permitting, contracting, other required permitting including early site permitting and combined operating license permitting, and initial site preparation costs and related consulting and professional costs, and shall include AFUDC associated with those costs. For potential nuclear plants located in other states, the costs must be those incurred before issuance of a certificate by the host state under statutes comparable to the Utility Facility Siting and Environmental Protection Act.
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Preconstruction costs means the cost of eligible items
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Examples of Preconstruction costs in a sentence

  • Pre-construction costs, exclusive of bidding costs, which are necessary direct costs to the project rather than directly attributable to other pay items under the contract.

  • Pre-construction costs (not bidding costs) which are direct costs to the project, rather than direct costs to specific pay items.

  • The following outlines the more significant judgments and estimates used in the preparation of the financial statements: PROPERTIES UNDER DEVELOPMENT Pre-construction costs of the property, development costs, construction costs, carrying costs including financing fees, interest costs, real estate taxes and other costs incurred while a property is under development or significant re-development are capitalized.

  • Pre-construction costs, exclusive of bidding costs, that are necessary direct costs to the project rather than directly attributable to other pay items under the contract.

  • Pre-construction costs were estimated to be in excess of US$10.5 million, including engineering and consultant studies, development costs and legal fees.

  • But costs can vary significantly, depending on the project.14 • Pre-construction costs (including design, engineering, business case, procurement costs, approvals etc) are in the range of less than 5% to 10% of total project costs and represent an upper bound for approval costs.

  • Preconstruction costs to be incurred may not exceed 20 percent of the eligible individual’s aggregate amount of assistance available, unless the individual is authorized by the Secretary in writing to incur specific preconstruction costs in excess of this 20 percent limitation.

  • All corporate proceedings have been taken and all corporate authorizations and approvals have been secured which are necessary to authorize the execution, delivery and performance by the Company and the Consultant of this Services Agreement.

  • A Schematic Design Estimate, based on information provided to date, that includes the Port’s stated allowances and contingencies, and all associated Preconstruction costs, General Conditions, Insurances, Bonds and associated fees.

  • Pre-construction costs are included in the total Library Project cost.


More Definitions of Preconstruction costs

Preconstruction costs means any of the following costs incurred before project construction begins:
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Preconstruction costs means any of the following costs incurred before project
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Preconstruction costs means the cost of eligible
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Preconstruction costs means the act of developing plans and specifications for the capital project.
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Preconstruction costs means those costs determined by the County to be reasonably necessary to complete the engineering, geotechnical, environmental, survey, utility adjustment, right-of-way-acquisition, submittal fees, recording fees, inspection fees, stormwater pollution prevention plan costs, and similar costs and services that are required before construction of an Improvement Area #1 Improvement can begin.
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Related to Preconstruction 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.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • 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.

  • Acquisition Cost means the cost to acquire a tangible capital asset including the purchase price of the asset and costs necessary to prepare the asset for use. Costs necessary to prepare the asset for use include the cost of placing the asset in location and bringing the asset to a condition necessary for normal or expected use.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;