Building Construction Costs Clause Samples

The Building Construction Costs clause defines the expenses associated with the construction of a building, including materials, labor, permits, and related services. It typically outlines which party is responsible for covering these costs, how they are calculated, and any limitations or exclusions that may apply. By clearly specifying the scope and allocation of construction expenses, this clause helps prevent disputes over financial responsibility and ensures transparency in budgeting for the project.
Building Construction Costs. Pursuant to the completion of the Predevelopment Work, the Predevelopment Phase Work and the Determination Phase Work, but prior to the closing of the Development Loan, the Developer and the Design Builder shall agree on the final costs and expenses of constructing the Building Improvements for each Phase, commonly known as “hard costs,” including, without limitation, the costs and fees payable to the Design Builder pursuant to the Design Build Contract, but not in excess of the Construction Budget absent compliance with other provisions of this Agreement applicable to increases in the Construction Budget (the “Building Construction Costs”).
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Building Construction Costs. The term “
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Building Construction Costs. Periodically, NMIMT receives funds from an agency to construct a building for a particular project or program. If work is to be performed by an outside vendor, then the appropriate Banner account code is 730202) for building construction costs, account code 730204 for built-in equipment, and account codes 730106/730107 for movable equipment. Infrastructure expenses, such as utility lines, etc., should be charged to Banner account code 730206 These codes are reserved for capital items and are overhead exempt. In situations whereby Tech employees are performing the building construction, labor costs should have regular payroll object codes and the costs should be burdened accordingly. Built- in equipment should be charged to code 730204) and movable equipment charged to code 730106 or 730101. Infrastructure expenses, such as utility lines, etc., should be charged to account code 730206 .
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Building Construction Costs. Including:  Foundations  Structures  Exterior & Interior FinishesFittings & Fixtures  Plumbing  Electrical  Mechanical
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Related to Building Construction Costs

  • Construction Costs Under no circumstances shall the Consultant be liable for extra costs or other consequences due to unknown conditions or related to the failure of contractors to perform work in accordance with the plans and specifications. Consultant shall have no liability whatsoever for any costs arising out of the Client’s decision to obtain bids or proceed with construction before the Consultant has issued final, fully-approved plans and specifications. The Client acknowledges that all preliminary plans are subject to substantial revision until plans are fully approved and all permits obtained.

  • Construction Cost 3.1. Construction Cost does not include the fees of the ARCHITECT/ENGINEER and consultants, the cost of the land, rights- of-way, or other costs, which is the responsibility of the State as provided in Paragraphs 2.2 through 2.3. or any of the contingencies available for the project unless specifically stated otherwise. 3.2. Labor furnished by the State for the Project, however, with respect only to the construction of such components thereof as have been designed by the ARCHITECT/ENGINEER, shall be included in the Construction Cost at current market rates. Materials and equipment furnished by the State shall be included at current market prices, except that used materials and equipment shall be included as if purchased new for the Project.

  • Project Construction The Contractor agrees to provide continuous on-site supervision on each Job Order, while progress on the project is being accomplished. The Contractor’s Project Manager will ensure: 1. Coordination and providing supervision to all Subcontractor and workers; 2. Posting of the prevailing wage scale; 3. Maintaining a copy of the Contractors safety program manual made available to all construction personnel; 4. Conducting weekly on-site safety meetings; 5. Completing the daily labor and construction progress log on a daily basis and submit copies to the County on a daily basis. Copies of the previous day’s reports must be submitted by 9:00AM of the following day. a. Daily labor log is to include a listing of Subcontractor(s) and a count of workers by trade providing services for the day. b. Construction progress log is to include a narrative of the Work provided by trade(s). Narrative agrees to include the various areas of the jobsite where Work was performed and any problems or conditions that were encountered. c. In the event the Contractor fails to provide a daily log and/or construction progress log, the County may impose damages against the Contractor in the amount of fifty dollars ($50.00) for each log and deduct from the Contractor’s payment request, for each day the Contractor does not provide the documentation. 6. County may suspend Contractor operations if no Contractor Superintendent is observed. All delays caused by the suspension will be the responsibility of the Contractor. No time extension or claims for cost(s) associated with the suspension will be granted by the County.