Works under construction definition

Works under construction means- in relation to unallocated works under construction, the value of calculated using the following formula: where- = unallocated works under construction - preceding disclosure year; = capital expenditure; = assets commissioned; and = adjustment resulting from asset allocation; (b) in relation to allocated works under construction, the value (as determined in accordance with paragraph (a)) which was allocated to gas transmission services in accordance with clause 2.1.1 of the IM determination
Sample 1Sample 2
Works under construction means- in relation to unallocated works under construction, the value of calculated using the following formula: where- = unallocated works under construction - preceding disclosure year = unallocated RAB capital expenditure = unallocated RAB assets commissioned = adjustment resulting from assetcost allocation (b) in relation to allocated works under construction, the value (as determined in accordance with paragraph (a)) which was allocated to electricity distribution services in accordance with clause 2.1.1 of the IM determination (c) in relation to the establishment of the initial RAB value, the value of works under construction included in unallocated 2009 modified asset values as works under construction is defined in the IM determination
Sample 1Sample 2
Works under construction means: in relation to unallocated works under construction, the value of calculated using the following formula: where: = unallocated works under construction - preceding disclosure year; = unallocated capital expenditure; = unallocated assets commissioned; and = adjustment resulting from cost allocation; (b) in relation to allocated works under construction, the value (as determined in accordance with paragraph (a)) which was allocated to gas transmission services in accordance with clause 2.1.1 of the IM determination (c) in relation to the establishment of the initial RAB value, the value of works under construction included in unallocated 2009 modified asset values as works under construction is defined in the IM determination Disclosure Requirements INformation DIsclosureSubject to sections 2.9 and 2.10, from the commencement date every GTB must comply with the information disclosure requirements set out in this determination and, in particular, must comply with:The requirements to disclose financial and other information in section 2.3The requirement to disclose pricing and related information in section 2.4The requirement to disclose non-financial information relating to network assets in section 2.5The requirement to disclose asset management plans and forecast information in section 2.6The requirement to disclose explanatory notes in relation to disclosed information in section 2.7The audit, certification and verification requirements in sections 2.8 and 2.9The retention and continuous disclosure requirements in section 2.10The transitional provisions in section 2.12. APPLICABLE INPUT METHODOLOGIES
Sample 1

Examples of Works under construction in a sentence

  • This insurance shall cover physical loss of or damage to any part of permanent and temporary Works under construction by the Contractor and/or its Subcontractors, including materials and equipment supplied for incorporation therein at all locations where fabrication, construction, and assembly are conducted including any warehousing and/or interim warehousing facilities.

  • Specify the following client requirements shall be adhered to on site:Where the frequency of review is deemed to be other than monthly it shall be recorded here:• Weekly and monthly reporting Weekly:• Provide the Superintendent weekly with site photographs (including sufficiently descriptive captions) of those portions of the Works under construction each week to demonstrate progress and note activities completed during the week and activities planned for the following week.

  • Works under construction are stated at cost less accumulated impairment losses.

  • Proposed Linford Pierson / BTW Highway Works (under construction) Source: NRA 6 Figure 10.

  • Background Information:Attached applications and memo from Beth Farrell, 9/11 Memorial Garden Committee Chair.

  • Works under construction include the following expenses that are capitalized during the construction period:  Interest expenses related to external financing that are directly attributable to construction, both specific and generic in nature.

  • The Contractor shall also train and furnish such guards and flagmen as are necessary to give adequate warning to traffic or to the public of any dangerous conditions that might be encountered and shall provide prompt assistance to any vehicle experiencing difficulty in passing over the Works under construction, or through any deviations or roads maintained by the Contractor, if necessary by providing a towing vehicle, labour and tow rope to assist such vehicles.

  • From the results of historical experiments with the MRI-CGCM2.3, it is shown that response to external forcing exhibits an interdecadal variation that has a sea level pressure pattern similar to the AO (Yukimoto and Kodera, 2005).

Related to Works under construction

  • Completion of Construction means all the construction is complete except for minor weather-related components and conforms to the approved plans and specifications and change orders.

  • 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.

  • Original construction ’ shall mean the first or initial construction

  • The constructional plant means all appliances, tools, plants or machinery or whatsoever nature required in or about the execution, completion or maintenance of the works but does not include materials or other things intended to form part of the permanent work.

  • Existing construction means any structure for which the "start of construction" commenced before the effective date of the initial floodplain management code or ordinance adopted by the community as a basis for that community's participation in the NFIP.

  • Cost of Construction means the total cost to Owner of those portions of the entire Project designed or specified by the Design Professional. Cost of Construction does not include the Design Professional's compensation and expenses and Owner's expenses associated with the Project or the cost of other services to be provided by others to the Owner.

  • Commenced Construction means (a) all of the following site preparation work is completed: ingress and egress routes exist; the site on which the Project will be located is cleared and graded; there is power service to the site; footings are prepared; and foundations have been poured consistent with purchased equipment specifications and project design; or (b) the following financial commitments have been made: (i) (A) an engineering, procurement, and construction contract (“EPC”) has been executed by all parties and is effective; or (B) contracts (collectively, “EPC Equivalents”) for all of the following have been executed by all parties and is effective: (1) project engineering, (2) procurement of all major equipment, and (3) construction of the Project, and (ii) the cumulative payments made by the Developer under the EPC or EPC Equivalents to the counterparties to those respective agreements is equal to at least thirty (30) percent of the total costs of the EPC or EPC Equivalents.

  • 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.

  • 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.

  • Contribution in aid of construction, as used in this subrule, means a nonrefundable cash payment grossed-up for the income tax effect of such revenue covering the costs of a distribution main extension or service line that are in excess of costs paid by the utility. The amount of tax shall be reduced by the present value of the tax benefits to be obtained by depreciating the property in determining the tax liability.

  • Pipeline Construction means a substantial disturbance to agricultural land associated with installation, replacement, removal, operation or maintenance of a pipeline, but shall not include work performed during an emergency. Emergency means a condition where there is clear and immediate danger to life or health, or essential services, or a potentially significant loss of property. When the emergency condition ends, pipeline construction will be in accordance with these rules.

  • Commencement of Construction means the commencement of construction of foundation components or elements (such as footings, rafts or piles) for the home.

  • Start of construction means the date the development permit was issued, provided the actual start of construction, repair, reconstruction, or improvement was within 180 days of the permit date. The actual start means the first placement of permanent construction of the structure such as the pouring of slabs or footings, installation of piles, construction of columns, or any work beyond the stage of excavation, and includes the placement of a manufactured home on a foundation. (Permanent construction does not include initial land preparation, such as clearing, grading and filling; nor does it include the installation of streets and/or walkways; nor does it include excavation for a basement, footings, piers or foundations or the erection of temporary forms; nor does it include the installation on the property of buildings appurtenant to the permitted structure, such as garages or sheds not occupied as dwelling units or part of the main structure. (NOTE: accessory structures are NOT exempt from any ordinance requirements) For a substantial improvement, the actual start of construction means the first alteration of any wall, ceiling, floor, or other structural part of a building, whether or not that alteration affects the external dimensions of the building.

  • 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

  • as constructed plans means as constructed plans as defined in the Building Code;

  • Commence Construction means that an owner or operator has either undertaken a continuous program of construction or has entered into a contractual obligation to undertake and complete, within a reasonable time, a continuous program of construction.

  • similar stage of construction means the stage at which:

  • 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.

  • Means and Methods of Construction means the labor, materials, temporary structures, tools, plant, and construction equipment, and the manner and time of their use, necessary to accomplish the result intended by this Contract.

  • 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.

  • Land disturbing construction activity means any man-made alteration of the land surface resulting in a change in the topography or existing vegetative or non-vegetative soil cover, that may result in runoff and lead to an increase in soil erosion and movement of sediment into waters of the state. Land disturbing construction activity includes clearing and grubbing, demolition, excavating, pit trench dewatering, filling and grading activities.

  • Acquisition and Construction Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Scheduled Construction Period means the period commencing from the Appointed Date and ending on Scheduled Completion Date;

  • Foreign construction material means a construction material other than a domestic construction material.

  • Construction and Demolition Debris means and includes:

  • 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.