Cost of the Project Sample Clauses

The 'Cost of the Project' clause defines the total financial amount required to complete the project as agreed upon by the parties. It typically outlines what expenses are included in the project cost, such as materials, labor, and overhead, and may specify how and when payments are to be made. This clause ensures both parties have a clear understanding of the project's budget, helping to prevent disputes over unexpected expenses and providing a basis for managing payments and financial expectations throughout the project.
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Cost of the Project. 9.1 Definition - The term Cost of the Project shall mean costs necessarily incurred in the Project during the Construction Phase for Construction services and paid by the Construction Manager, which are not included in the Construction Manager’s construction phase fee. Such costs shall include the items set forth below in this Article. The Owner agrees to pay the Construction Manager for the Cost of the Project as defined in Article 9. Such payment shall be in addition to the Construction Manager's fees stipulated in Article 8, and shall be detailed in each monthly payment requisition.
Cost of the Project. The Developer shall be responsible for and will bear all the CID Costs, subject to the terms of this Agreement governing reimbursement for expenditures of the CID Costs.
Cost of the Project. Developer shall be responsible for and will bear all costs of the Project, including the TDD Improvements, subject to the terms of this Agreement. The total estimated costs of the TDD Improvements are set forth in Exhibit C.
Cost of the Project. Definition - The term Cost of the Project shall mean costs necessarily incurred in the Project during the Construction Phase for construction services and paid by the Construction Manager, which are not included in the Construction Phase Fee. Such costs shall include the items set forth below in this Article. The Owner agrees to pay the Construction Manager for the Cost of the Project as defined in Article 9. Such payment shall be in addition to the Construction Manager’s fees described in Article 8. Wages - Wages include ▇▇▇▇▇ paid for labor (as opposed to wages paid to management or supervisory personnel) in the direct employ of the Construction Manager in the performance of his Work under Agreement, times a multiple of 1.35 to cover fringe benefits; and, Wages paid to management or supervisory personnel in the employ of the Construction Manager at the job site, times a multiple of 1.50 to cover fringe benefits. The Construction Manager’s personnel to be assigned to the site during the Construction Phase, their duties and responsibilities, and the duration of their assignments as otherwise agreed to in writing by the parties. Supplies - Cost of all materials, supplies and equipment incorporated in the Project, including costs of transportation and storage thereof, but excluding interest, penalties and late charges due to the failure of the Construction Manager to make timely payments for all labor, services, equipment and materials purchased in connection with the Project. Subcontractors - Payments due to Subcontractors from the Construction Manager or made by the Construction Manager to Subcontractors for their Work performed pursuant to contract under this Agreement. Materials Not Fully Consumed - Cost, including transportation and maintenance, of all materials, supplies, equipment, temporary facilities and hand tools not owned by the workmen, which are employed or consumed in the performance of the Work, cost on such items used but not consumed which may be turned over to the Owner at the end of the Project, and cost less salvage value on such items used but not consumed which remain the property of the Construction Manager. For those items to be turned over to the Owner at the end of the project, paragraph 2.3.6 shall apply. Rental Charges - Rental charges on all necessary machinery and equipment, exclusive of hand tools used at the site of the Project, whether rented from the Construction Manager or other, including installation, repairs and replace...
Cost of the Project. Applicant shall pay all the costs of designing, constructing and installing the Project. The Applicant acknowledges that the Town utilizes third party consultants (the “Consultants”) and in house staff to review development proposals. The Applicant shall also reimburse the Town for its costs relating to the Project, including, but not limited to, all applicable Consultant engineering, legal, planner/consultant Town employee, legal publication, reproduction of materials, public hearing expenses, securing of permits and easements, construction observation, close-out/initial acceptance, final acceptance and the recording of documents, and administrative and other costs incurred by the Town (“Project Costs”). Reimbursement of the Project Costs is required regardless of the Project’s completion and regardless of the Town’s approval or disapproval of submissions by Applicant. Neither the Town’s review nor approval of any plans or Project facilities will constitute a representation regarding the quality of such plans or facilities. The Town will maintain separate accounts of all funds expended and fees and expenses incurred by the Town as a result of the development review of the Project.
Cost of the Project. The term “cost of the Project” shall include all amounts paid by the Owner to the CM for CONSTRUCTION AND POST- CONSTRUCTION PHASE BASIC SERVICES PROVIDED BY THE CM IN PARAGRAPHS 3.5 AND 3.6 AND payment to all separate Contractors, suppliers and equipment lessors for all work, material, and equipment supplied to the Project including general conditions items. 7.1.2.1 The cost of the Project shall not include the following: 7.1.2.1.1 The CM’s fee for Basic Services IN PARAGRAPHS 3.2, 3.3 AND 3.4; 7.1.2.1.2 All professional fees paid by the Owner to the Designer or other consultants retained directly by the Owner; 7.1.2.1.3 All costs paid directly by the Owner to contractors or suppliers retained directly by the Owner and outside the scope of the Guaranteed Maximum Price; 7.1.2.1.4 All Additional Services costs as defined herein; or 7.1.2.1.5 All other costs not within the control of the CM or identified as being not within the Guaranteed Maximum Price. 7.1.2.2 The cost of the Project may be further defined in the documentation required by Paragraph 12.1.2 of this Agreement. If the requirements of this Paragraph 7.1.2 and the documentation required by Paragraph 12.1.2 differ, then the CM shall identify and explain the difference, but the documentation provided in accordance with Paragraph 12.1.2 shall be the basis for determining the scope of the Guaranteed Maximum Price.
Cost of the Project. Applicant shall pay all of the costs for designing, constructing and installing the Project including, but not limited to, all applicable engineering, legal and administrative Metro Wastewater and Reclamation District costs incurred by the District in connection therewith until final acceptance is granted.
Cost of the Project. The Developer shall be responsible for and will bear all the CID Costs, subject to the terms of this Agreement governing reimbursement for expenditures of the CID Costs. Developer will cause the Project to be constructed under a contract for costs of construction plus 8%, not to exceed $4,853,160.00 including interest finance charges. Project Costs include a profit to the general contractor of 4% of the construction costs and a Developer fee of 2% of such costs. Developer’s estimate of the Project Costs is shown on Exhibit B.
Cost of the Project. 22 A. Subject to the adjustments provided for in this Section, and as otherwise 23 provided in this Agreement, the Parties agree to each pay one-half of the total 24 cost of developing, constructing, operating, managing, and maintaining the 25 Project throughout the term of this Agreement, including the two contracts 26 pertaining to pre-development services already executed by the Town and 27 County and any additional contracts that are needed outside of the design-build 28 construction contract. 29 B. As used in this Section, the “cost of developing, operating, and maintaining the 30 Project” means all out-of-pocket costs incurred by the Parties in connection with 31 the development, construction, operation, management, and maintenance of the 32 Project. 33 C. It is anticipated that each of the Parties will provide certain agreed “in kind” 34 services or benefits related to the initial development of the Project. The in kind 35 contributions are not subject to the provisions of Subsection A of this Section, 36 and it is agreed that the amount of in kind contributions by the Parties need not 37 be equal in number or value. No adjustment to the Parties’ obligations to share 38 equally in the total cost of developing, constructing, operating, managing, and 39 maintaining the Project will be made as a result of the Parties’ in kind 40 contributions. 1 At the time of the execution of this Agreement such in kind services are 2 anticipated by the Parties to be as follows: 3 i. Town will provide the following in kind services: 4 a. a connection to the Town’s municipal water service and payment of 5 any required water plant investment fee for the Project. The Project 6 will pay for all water used in its operation; 7 b. a Class A development permit for the Project, together with such 8 additional development permits as may be necessary to the successful 9 development and operation of the Project; 10 c. a waiver of all fees associated with any required development 11 permit(s), including both the initial development permit for the 12 construction of the Project and such additional development permits as 13 may be required throughout the term of this Agreement; 14 d. the cost of having the Town staff and the Town Attorney perform 15 actions required of the Town under this Agreement; and 16 e. required snow removal for the access road to the Project. 17 ii. County will provide the following in kind services: 18 a. the contribution of the Property, together with an es...
Cost of the Project. The Developer shall be responsible for and will bear all the Project Costs. The Project will be constructed at an estimated cost of [$12,200,00.00] for design, construction and inspection. An estimate of the Project Costs, an estimated table of sources and uses, and a site plan or similar rendering of the Project are included on Exhibit C. The City will not use any City funds (other than proceeds of the CID Sales Tax, the TGT Rebate, and the Grant) for the payment of any Project Costs and will not provide any financing therefor.