Sworn Construction Cost Statement definition

Sworn Construction Cost Statement. An itemized, certified statement of actual and estimated Construction Costs of a Project, in Lender's form, signed and sworn to by Borrower and the General Contractor (if any), as the same may be amended or supplemented with the approval of Lender from time to time.
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Sworn Construction Cost Statement has the meaning provided in Section 3.1(o) of this Agreement.
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Sworn Construction Cost Statement means a sworn statement of Borrower listing by line each item of Work or Materials to be performed or furnished, itemized by category; the Contractor or Supplier performing or furnishing such Work or furnishing Materials; and the estimate of the cost of the Work to be done.
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Examples of Sworn Construction Cost Statement in a sentence

  • Borrower shall deliver to Agent revised sworn statements of estimated costs of the Improvements, showing changes in or variations from the original Sworn Construction Cost Statement, as soon as reasonably practicable after such changes are known to Borrower.

  • All disbursements will be based on the detailed breakdown of Project Costs set forth on the Sworn Construction Cost Statement.

  • In such an event, no additional Advance will be made until Lender approves the revised Sworn Construction Cost Statement.

  • Prior to the Closing, and from time to time thereafter, Lender or the Title Company may forward to the General Contractor and any or all Subcontractors listed on the Sworn Construction Cost Statement or the Contractor’s Sworn Statement a contract verification to confirm the terms and amount of the General Contract or Subcontract for the General Contractor and each Subcontractor.

  • Borrower will cause all roads necessary for the efficient operation of the plant contemplated by the Project to be completed and dedicated (if dedication thereof is required by any Governmental Authority), the bearing capacity of the soil on the Real Estate to be made sufficient to support all improvements thereon, and sufficient local utilities to be made available to the Project and installed at costs (if any) set out in the Sworn Construction Cost Statement, on or before the Required Completion Date.

  • Lender reserves the right to make Advances for payment of amounts which are allocated to any of the designated items in any Sworn Construction Cost Statement for such other purposes or in such different proportions as Lender may, in its sole discretion, deem necessary or advisable.

  • The initial amount of the Reserves has been designated in the Sworn Construction Cost Statement.

  • The amount of the Contingency Reserve for any Development Project Loan shall be designated in the Sworn Construction Cost Statement, and shall be included in the Development Project Addendum, for the Development Project.

  • The Inspecting Architect shall have certified that the construction completed respecting the Draw Request has been completed in conformity with the Plans, the construction schedule, and the total Project Costs as contained in the Sworn Construction Cost Statement.

  • Subject to Section 6.2(e), Agent reserves the right, exercisable after the occurrence of an Event of Default and for so long as such Event of Default exists, to make advances of amounts which are allocated to any of the designated items in the Sworn Construction Cost Statement for such other purposes or in such different proportions as Agent may, in its sole discretion exercised in good faith, deem necessary or advisable.


More Definitions of Sworn Construction Cost Statement

Sworn Construction Cost Statement. An itemized, certified statement of actual and estimated costs of the Project, in the form of Exhibit G attached hereto and hereby made a part hereof, signed and sworn to by X.Xxx, as the same may be amended or supplemented with the approval of Administrative Bank from time to time, and consistent with the items enumerated in the Budget.
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Sworn Construction Cost Statement means a statement, in form and substance acceptable to Lender, certified by Borrower which provides a detailed breakdown of the hard and soft costs incurred to date in connection with completion of the Project, which statement shall (i) clearly indicate each line item on the Budget to which such costs can be attributed and (ii) include copies of all invoices supporting the costs listed on such statement.
Sample 1
Sworn Construction Cost Statement means one or more itemized, certified statements of actual and estimated costs (the “Project Costs”) for the build out and equipping of the Improvements (the “Project”), signed and sworn to by: (a) Borrower, Xxxxx-Xxxxxxxx Construction Company as the General Contractor (the “General Contractor”) and Xxxxxxxxxxx Building Corp., as the Construction Manager (the “Construction Manager”), in the case of any Project Costs relating to work to be done under the construction contract (the “General Construction Contract”) between Borrower and the General Contractor; and (b) Borrower, in the case of any Project Costs relating to work separately contracted for by Borrower; and, in either case, as amended to allow for changes under Paragraph l7(n) hereof.
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Sworn Construction Cost Statement. With respect to any Series Loan, the "Sworn Construction Cost Statement" described in the Supplement relating to such Series Loan.
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Sworn Construction Cost Statement has the meaning set forth in Section 3.10(1) hereof;
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Sworn Construction Cost Statement. An itemized, certified budget for construction of the Improvements, signed and sworn to by Borrower, approved by Agent pursuant to the provisions of Section 3.2 (d) as the same may be amended or supplemented with the approval of Agent from time to time, which approval shall not be unreasonably withheld, conditioned or delayed.
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Related to Sworn Construction Cost Statement

  • Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.

  • Estimated Construction Cost or “ECC” means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • 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.

  • Residential construction means construction on single-family or two-family dwellings occupied or used, or intended to be occupied or used, primarily for residential purposes, and includes real property pursuant to chapter 499B.

  • 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.

  • Interconnection Construction Service Agreement means the agreement entered into by an Interconnection Customer, Interconnected Transmission Owner and the Transmission Provider pursuant to Tariff, Part VI, Subpart B and in the form set forth in Tariff, Attachment P, relating to construction of Attachment Facilities, Network Upgrades, and/or Local Upgrades and coordination of the construction and interconnection of an associated Customer Facility. A separate Interconnection Construction Service Agreement will be executed with each Transmission Owner that is responsible for construction of any Attachment Facilities, Network Upgrades, or Local Upgrades associated with interconnection of a Customer Facility.

  • Construction Schedule means a construction schedule indicating the planned start and completion dates of the major activities of the Work as set out in Appendix [ ], a future Appendix;

  • Original construction ’ shall mean the first or initial construction

  • 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.

  • Construction Completion Certificate means a certificate of the I-Bank to the effect that the construction of the Project is complete.

  • Building construction means any physical activity on the site involved in the erection of a structure, cladding, external finish, formwork, fixture, fitting of service installation and the unloading of plant, machinery, materials or the like.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Construction and Demolition Debris means and includes:

  • New construction means, for the purposes of determining insurance rates, structures for which the "start of construction" commenced on or after the effective date of an initial FIRM or after December 31, 1974, whichever is later, and includes any subsequent improvements to such structures. For floodplain management purposes, "new construction" means structures for which the "start of construction" commenced on or after the effective date of the floodplain management regulations adopted by a community and includes any subsequent improvements to such structures.

  • Construction sign means a sign which identifies the architect, engineers, contractors and other individuals or firms involved with the construction of a building, or announces the character of the building or enterprise, which is erected during the building construction period.

  • construction site means a workplace where construction work is being performed;

  • Operation and Maintenance Costs means the costs of:

  • Begin actual construction means, in general, initiation of physical on-site construction activities on an emissions unit which are of a permanent nature. Such activities include, but are not limited to, installation of building supports and foundations, laying of underground pipework, and construction of permanent storage structures. With respect to a change in method of operation, this term refers to those on-site activities, other than preparatory activities, which mark the initiation of the change.

  • 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.

  • Construction Consultant means a third-party architect or engineer selected and retained by Funding Lender, at the cost and expense of Borrower, to monitor the progress of construction and/or rehabilitation of the Project and to inspect the Improvements to confirm compliance with this Borrower Loan Agreement.

  • Service Costs has the meaning ascribed thereto in Section 3.01.

  • Construction Contractor means a person who undertakes to or offers to undertake to, or purports to have the capacity to undertake to, or submits a bid to, or does himself or by or through others, construct, alter, repair, add to, subtract from, improve, move, wreck, or demolish any building, highway, road, railroad, excavation, or other structure, project, development, or improvement to real property, or to do any part thereof. "Construction contractor" includes subcontractors, specialty contractors, prime contractors, and any person receiving consideration for the general supervision and/or coordination of such a construction project except for remediation contracting. This definition shall govern without regard to whether or not the construction contractor is acting in fulfillment of a contract.

  • Construction Phase Services means the coordination, implementation and execution of the Work required by this Agreement, which are further defined in Article 8.

  • Final Completion Certificate has the meaning set forth in Section 11.6.

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.