Common use of Cost of the Project Clause in Contracts

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. The Developer shall be solely responsible for and will bear all pay the CID Costscosts of the Project, subject to the terms of this Agreement governing reimbursement for expenditures of on the CID CostsImprovements. The Developer will cause invest a minimum of $12,000,000 in the Project to be constructed under a contract for costs Project, exclusive 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.CID Costs.