Soft Cost Contingency definition

Soft Cost Contingency. As defined in Section 4.3(a).
Sample 1Sample 2
Soft Cost Contingency means Borrower’s contingency line item for Soft Costs as shown in the Development Budget.
Sample 1Sample 2
Soft Cost Contingency means the amount identified in the Development Budget under the line item classification for “Soft Cost Contingency,” as it may be adjusted pursuant to Line Item Savings Change.
Sample 1

Examples of Soft Cost Contingency in a sentence

  • If the actual costs are more or less than the maximum amount hereunder, then such additional or excess amount may be reallocated from or to Paragraph C.2(k) Soft Cost Contingency Reserve, upon Lender's approval.

  • No reallocation of line items in the Project Budget may be made without Administrative Agent’s prior written consent (other than with respect to Borrower’s rights to reallocate demonstrable cost savings to the Hard Cost Contingency and Soft Cost Contingency, and amounts from the Hard Cost Contingency and Soft Cost Contingency to other line items of the Project Budget as provided above).

  • SUBTOTAL$0.00 SOFT COSTSProperty Appraisal Market Study Environmental Reports Tax Credit Fees Rent-Up (Marketing) Compliance Fees Soft Cost Contingency Other (specify) 8.

  • Borrower shall be responsible for paying all cost overruns on the Project as they occur, which may be paid from documented line item cost savings in the Budget or from the Contractor Hard Cost Contingency, the Developer Hard Cost Contingency, or the Developer Soft Cost Contingency, but in each instance, only in accordance with the terms and provisions set forth in the subsection below captioned “Line Item Savings” and “Contingency”.

  • Soft Cost Contingency: 15% of soft costs, excluding developer and administrative fees, construction loan interest, and reserves.

  • The Buyer is granted a non- exclusive and non-assignable right to use all supplied software products provided that the Seller’s copyrights are respected.

  • Contingencies• Hard Cost Contingency: 5 to 10% for new construction; 12 to 15% for rehab• Soft Cost Contingency: 5 to 8% of soft costs section of the Form 202• Financing Cost Contingency: 5 to 8% of the financing cost section of the Form 202 Property Management Plan and Budget for Interim OperationsFor occupied buildings, the application must include a property management plan covering both the interim/construction period and post-completion.

  • Development Manager shall not be permitted to effect any Soft Cost Contingency to a line item in the Development Budget representing Hard Costs.

  • SUBTOTAL Property Appraisal Market Study Environmental Reports Tax Credit Fees Rent-up (Marketing) Compliance Fees Soft Cost Contingency Other (Specify) 8.

  • The current budget shows commercial hard costs allocated on a pro-rata basis using square footage.6.5.5 Permanent Uses Evaluation: Soft Cost Contingency is 10% per standards The contingencies are slightly higher than MOHCD underwriting allows for in typical new construction, but staff feel this is reasonable given the challenges with the façade.


More Definitions of Soft Cost Contingency

Soft Cost Contingency. As such term is defined in Section 10.3.
Sample 1
Soft Cost Contingency means the line item established in the Budget to pay soft construction costs of the Project that are in excess of specific line items in the Budget, whether as a result of price increases, changes in the Plans or otherwise.
Sample 1

Related to Soft Cost Contingency

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • 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.

  • Construction Budget means the cost of acquisition, installation, testing, constructing and developing any Property as determined by the Construction Agent in its reasonable, good faith judgment.

  • Construction management at-risk means a project delivery method in which the District awards separate contracts, one for architectural and engineering services to design an infrastructure facility and the second to a construction manager at-risk for both construction of the infrastructure facility according to the design and construction management services.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • Disbursement Schedule means the disbursement schedule as set out in an FAA;

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • 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.

  • Planned special exposure means an infrequent exposure to radiation, separate from and in addition to the annual occupational dose limits.

  • Emergency Expenditure means any of the Eligible Expenditures set forth in the CERC Operations Manual in accordance with the provisions of Section I.G of Schedule 2 to this Agreement and required for the activities included in the CERC Part of the Project.

  • Management Plan means a plan to manage the activities and protect the special value or values in an Antarctic Specially Protected Area or an Antarctic Specially Managed Area.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each and clearly allocate requested grant funding and match contributions to each.

  • Direct Costs means the sum of the following:

  • Approved Budget means an annual budget-

  • Total Project Costs means the total amount of money required to complete the Project.

  • Total Project Cost means the lowest of the following:

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Utilization management section means “you or your authorized representative.” Your representative will also receive all notices and benefit determinations.

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.