Soft Cost Contingency definition

Soft Cost Contingency. As defined in Section 4.3(a).
Soft Cost Contingency means Borrower’s contingency line item for Soft Costs as shown in the Development Budget.
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.

Examples of Soft Cost Contingency in a sentence

  • 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”.

  • 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.

  • 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.

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

  • 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).

  • 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.

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

  • The project is currently on budget.• Remaining Hard Cost Contingency: $6,761,286• Remaining Soft Cost Contingency: $299,249 SCHEDULEThe following are milestones achieved in July 2023:● Completed 60% Cost Estimates● Completed Drawings and Specs Review/Comments● Submitted 60% CD to MSBA● District and Design team response to MSBA 60% CD submission comments.● Triumph continuing with sitework and modular construction.

  • The FHFC Construction Monitoring Fee, Construction Inspection Fee and Inspection Fee have not been included in the credit underwriter’s figures, as these costs have been incorporated into the TCAP interest rate.4. Soft Cost Contingency is $178,072 or 15% of Total General Development Costs, which is within program Rule.

  • Soft Cost Contingency: 10% of soft costs, excluding developer and administrative fees, construction loan interest, and reserves for projects costing $5 million or more.


More Definitions of Soft Cost Contingency

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.
Soft Cost Contingency. As such term is defined in Section 10.3.

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 the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • 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 all costs and expenses payable for supplies, materials, labor and profit with respect to the Improvements under any Construction Contract.

  • 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.

  • 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 (a) the costs paid or incurred or to be paid or incurred by a Borrower Related Party in connection with or incidental to the acquisition, design, construction and equipping of the Project, including legal, administrative, engineering, planning, design, insurance, and costs of issuance; (b) amounts, if any, required by the Indenture Documents or the TIFIA Loan Documents to be paid into any fund or account upon the incurrence of the TIFIA Loan or any Secured Obligations; (c) payments when due (whether at the maturity of principal, the due date of interest, or upon optional or mandatory prepayment) during the Construction Period in respect of any indebtedness of the Borrower or any Credit Enhancement maintained by a Borrower Related Party, in each case in connection with the Project (other than the TIFIA Loan); and (d) costs of equipment and supplies and initial working capital and reserves required by the Borrower Related Parties for the commencement of operation of the Project, including general administrative expenses and overhead of the Borrower.

  • Total Project Cost means all the funds to complete the effort proposed by the Applicant, including DOE funds (including direct funding of any FFRDC) plus all other funds that will be committed by the Applicant as Cost Sharing.

  • 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.

  • 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.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Construction Fee means a fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or provide major repairs or rehabilitations on a Property.

  • Standard Cost means any cost computed with the use of preestablished measures.