Total Construction Costs definition

Total Construction Costs means the entire cost of performing the Tenant’s Work, including design of and space planning for the Tenant’s Work and preparation of the Working Drawings and the final “as-built” plan of the Tenant’s Work, costs of construction labor and materials, electrical usage during construction, additional janitorial services, related taxes and insurance costs, licenses, permits, certifications, surveys and other approvals required by Law, phone and data cabling and equipment, security network, and construction management fees.

Total Construction Costs means the valuation of the proposed structures or improvements, as calculated based on the most recent Building Valuation Data from the Uniform Building Code (UBC).

Total Construction Costs means the entire cost of constructing the Tenant Improvements, including space planning and preparation of the Approved Working Drawings, labor and materials, electrical and other utility usage during construction, additional janitorial services, trash removal, general tenant signage, related taxes and insurance costs, the fees of any construction managers and an administrative fee to Landlord in an amount not to exceed 5% of Total Construction Costs.

Examples of Total Construction Costs in a sentence

• If Tenant requests any changes to the Work described in the Space Plans or the Working Drawings, then such increased costs and any additional design costs incurred in connection therewith as the result of any such change shall be added to the Total Construction Costs.

• Provided the conditions of this Development Financing Agreement are met on the date requested for such advance, Lessor shall advance to LTIC-CDD amounts certified to be currently payable by Lessee (excluding the retainage hereinafter specified) for the then incurred portion of Total Construction Costs pursuant to the Application for Payment.

• The Construction Allowance shall not be disbursed to Tenant in cash, but shall be applied by Landlord to the payment of the Total Construction Costs, if, as, and when the cost of the Work is actually incurred and paid by Landlord.

• Upon approval of the Working Drawings and selection of a contractor, Tenant shall promptly execute a work order agreement which identifies such drawings and itemizes the Total Construction Costs and sets forth the Construction Allowance.

• No advance of the Construction Allowance shall be made by Landlord until Tenant has first paid to the contractor from its own funds (and provided reasonable evidence thereof to Landlord) the anticipated amount by which the projected Total Construction Costs exceed the amount of the Construction Allowance.

More Definitions of Total Construction Costs

Total Construction Costs means the valuation of the proposed structures or improvements, as calculated based on the most recent City of Los Altos Building Valuation Fee Schedule.

Total Construction Costs means all construction costs and expenditure valued by the independent quantity surveyor for the project, excluding development charges, differential premiums, statutory payments, consultants’ professional fees and expenses, financing costs and goods and services tax.

Total Construction Costs means: (a) construction cost based on the project final account prepared by the project quantity surveyor; (b)principal consultants’ fees, including payments to the project’s architect, civil and structural engineer, mechanical and electrical engineer, quantity surveyor and project manager; (c) the cost of obtaining all approvals for the project; (d) site staff costs; (e) interest costs on borrowings used to finance project cashflows that are capitalised to the project in line with generally accepted accounting practices; and (f) any other costs including contingency expenses which meet the definition of Total Construction Costs and can be capitalised to the project in accordance with generally accepted accounting practices.5. Rationale for and Key Benefits of the Acquisition Rationale The Acquisition is in line with the Manager’s strategy to diversify income stream and enhance resilience of MNACT’s portfolio. Japan continues to offer an attractive proposition due to the depth and quality of its freehold commercial real estate market and a high yield spread of prime office capitalisation rate against the Japan 10-year government bond yield.While the commercial real estate market in Japan is highly competitive, MNACT has been able to secure sizeable, quality and distribution per Unit (“DPU”) accretive acquisition opportunities in Japan. This will further enhance the sustainability of MNACT’s returns for Unitholders. Key Benefits 5.1 Deepening Footprint in the Resilient Japan Market

Total Construction Costs means the total of the Contract Purchase Price, PLUS Contributed Costs.

Total Construction Costs means (1) all costs incurred in ------------------------ designing and performing the Work, including, without limitation, cost of construction, labor and materials, general tenant signage, related taxes and insurance, demolition, construction and installation of leasehold improvements (subject to certain exclusions provided for herein), and (2) a construction management fee payable to Landlord's Construction Manager equal to 5% of the difference between the costs described in clause (1) less any such costs for (A) unattached furniture and components (excluding cabling, which costs shall be included in calculating the construction management fee) of Tenant's data and communication system that are unattached and free-standing and plug into outlets, (B) designing the Work, and (C) general tenant signage (other than life/safety signage).

Total Construction Costs means the entire cost of constructing the Tenant Improvements, including space planning and preparation of the Approved Working Drawings, labor and materials, electrical and other utility usage during construction, low voltage cabling, relocation of Tenant’s furniture, fixtures and equipment, additional janitorial services, trash removal, general tenant signage, related taxes and insurance costs, all Water Availability Charges and Sewer Availability Charges related to the Premises or the Tenant Improvements, the fees of the general contractor and an administrative fee to Landlord in the amount 1.5% of the hard construction costs. No fee shall be charged on: architectural or engineering plans, permits or other governmental fees, SAC/WAC charges, or any other “soft” cost.

Total Construction Costs means all costs, fees and expenses incurred in connection with the construction, development, renovation and rehabilitation of all Improvements at the Marathon Key Resort, as approved by TFC in writing and as set forth in the Approved Budget.