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.

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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, permit costs, 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 the Landlord Supervision Fee set forth in the Lease Summary, as the same may increase as a result of any change orders.

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)

Total Construction Costs means the entire cost of performing the Work, including design of and space planning for the Work and preparation of the Working Drawings and the final “as-built” plan of the Work, costs of construction labor and materials, electrical usage during construction, additional janitorial services, standard building directory and suite tenant signage, related taxes and insurance costs, licenses, permits, certifications, surveys and other approvals required by Law, any applicable governmental fees, and the construction supervision fee referenced in Section 10 of this Exhibit.

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

Total Construction Costs means the Price of the Services and Price of the Work (as each term is defined under the Construction Contract) payable by Landlord under the Construction Contract and any other amounts properly payable by Landlord under the Construction Contract, the total costs of acquisition of the Land at a deemed value of $6,121,100 (the “Land Costs”), those costs outlined on Exhibit E-3 (as such construction budget may be revised as more fully described in Section 7.1 below, the “Construction Budget”), all construction related costs relating to any change in Law from the Lease Date to the Building B Turnover Date or Building C Turnover Date, as applicable, and all costs attributable to interior tenant improvement work in the Lab Space/Food Service Area. Notwithstanding the foregoing and except as may be contained in the Construction Budget as approved by Landlord and Tenant, the Construction Allowance shall not be applied towards the payment of the following Total Construction Costs and Landlord shall be solely responsible for each of the following costs and expenses, in addition to the Construction Allowance: (1) all costs associated with the acquisition of the Land (inclusive of legal fees incurred in connection with the acquisition of the Land and land transfer taxes) in excess of $6,121,100; (2) any fees payable to Project Manager and/or Landlord which in the aggregate are in excess of the Development Fee line item on the Construction Budget; (3) interest on Landlord’s capital employed in the Work; (4) incremental increases in costs (including interest, damages and penalties) due to the breach of Landlord’s covenants, representations and/or warranties under this Lease (inclusive of this Work Letter) or any other contract relating to the Work to which Landlord is party (inclusive of the Construction Contract); (5) fines, penalties or sanctions assessed or imposed by any government body, authority, instrumentality or tribunal to the extent due to the action or inaction of Landlord; (6) any fines levied against Landlord due any violation of applicable Laws by Landlord; (7) losses for which Landlord is compensated by insurance, to the extent received by Landlord, (or for which it would have been compensated had it maintained the insurance required by this Lease) or pursuant to any third party guarantee, indemnity or warranty; (8) costs, fees, charges and expenses for which Landlord or the freehold owner of the Project actually receives a credit, rebate, refund or oth...

Total Construction Costs means the aggregate of all amounts paid and payable to KFL under the Platform Construction Agreement (determined by the Agent in consultation with the Borrower and KFL) and the value of OFE.