Estimated Project Cost Sample Clauses
The Estimated Project Cost clause defines the anticipated total financial outlay required to complete a project. It typically outlines the projected expenses based on current information, including materials, labor, and other associated costs, and may specify how adjustments will be handled if actual costs differ from estimates. This clause helps set clear budget expectations for all parties and provides a reference point for managing financial risk and addressing cost overruns during the project.
Estimated Project Cost. A reasonable estimate of the Costs of the Project is shown in Section 1, and the Project is fully funded.
Estimated Project Cost. A. The Bureau of Reclamation has estimated the final cost of the Project as of March 29, 2019, based on the Consensus Design Concept, is $406 million.
B. The United States, the Pueblos and the County agree that the $406 million Project cost is the best estimate available and all parties will work together to construct the Project within the limits of this cost estimate.
Estimated Project Cost. A. As of the date of this Agreement, the estimated cost of construction and engineering services for the Improvements covered by this Agreement, exclusive of the cost of right- of-way or easement acquisition, is One Million Eight Hundred Sixty-Nine Thousand Three Hundred Eighty-Nine Dollars and Fifty Cents ($1,869,389.50).
B. The cost of making the Improvements shall include:
(1) Labor and material used in making the Improvements; and
(2) Such other expenses which are necessary in making the Improvements, exclusive of the cost of acquiring real property and any improvement thereon for the location of the Improvement. These expenses include engineering survey, design, bidding, construction services, and material testing.
C. Pursuant to the CARS Agreement, the Parties anticipate receipt of County CARS funding in the amount of Eight Hundred Forty-Two Thousand Dollars ($842,000.00) to help pay a portion of the cost of the Improvements. Notwithstanding anything in this Agreement to the contrary, in the event such funding is not made available for the Improvements, then either Roeland Park or Westwood may terminate this Agreement upon written notice to the other of them.
D. The remaining cost of making the said Improvements shall be distributed between the Parties as follows:
(1) Roeland Park shall pay fifty (50%) (the “Roeland Park Percentage Share”) of the local share balance of said Improvements (estimated as of the date of this Agreement to be $513,694.75 after application of County CARS funds).
(2) Westwood shall pay Fifty percent (50%) (the "Westwood Percentage Share") of the local share balance (after application of County CARS funds) of said Improvements (estimated as of the date of this Agreement to be $513,694.75 after application of County CARS funds).
(3) Each Party shall pay the cost of financing and/or bonding its share of the project cost.
Estimated Project Cost. Design-Builder estimates the total cost of the Work to be DOLLARS ($ ) (the “Estimated Project Cost”). This value is based on the standard billing rates for Work specified in the Construction Documents. The cost of any permits necessary for the Project is not included in the Estimated Project Costs. The actual total cost of the Work may be higher or lower than the Estimated Project Cost.
Estimated Project Cost. Establish the project budget needed to complete the recommended improvements. This budget will be used to establish the need for additional funding. .
Estimated Project Cost. The parties acknowledge and agree that the County Stormwater Management Program has established an estimated total design cost of the Project of One Hundred Sixty Nine Thousand Nine Hundred Forty Five Dollars ($169,945) based upon engineering and design assumptions that the Preliminary Study may or may not confirm. The parties shall, upon the completion of the Preliminary Study, analyze and consider the proposed scope and conceptual design of the Project as set forth in the Preliminary Study. If the parties cannot agree upon the scope or conceptual design of the Project, then either party may terminate this agreement upon fifteen days notice to the other. Upon such termination, the City shall be reimbursed by the County for costs and expenses incurred in connection with the Preliminary Study subject to the limitations set forth in the Policy and Procedures and in this agreement.
Estimated Project Cost. The Estimated Project Cost (the “Estimated Project Cost”) is Rs. 8,749 crores (Rupees Eight Thousand Seven Hundred Forty Nine Crores).
Estimated Project Cost. The estimated project budget is $142,000. This information is provided for guidance only and Proposer should develop an estimated project cost based on their experience and the information contained herein. Cost and billing rate information are to be submitted in a sealed envelope separate from the proposal but contained within the same submittal package. Proposals shall be rejected if they fail to enclose cost and billing rate information in a separate envelope.
Estimated Project Cost. As defined in Clause 1.1.4 Experience Score As defined in Clause 3.2.6 Factory As defined in Clause 1.1.1 Financial Capacity As defined in Clause 2.2.2 (B) Government Government of India High Speed Train Set Train Set, with speed of 250 km/h or more, having 8 or more cars Jt. Bidding Agreement As defined in Clause 2.2.6 (g) Lead Member As defined in Clause 2.2.6 (c) LOA Letter of Award Locomotive As defined in Clause 1.1.1 Mechanical System Locomotive shell, bogies, suspension and transmission system Member Member of a Consortium Net Worth As defined in Clause 2.2.4(ii) PPP Public Private Partnership Price As defined in Clause 1.2.8 Project As defined in Clause 1.1.1 Propulsion System Set of traction converters, traction motors and vehicle electronics
Estimated Project Cost. Design and construction of the Baseline Project is currently estimated to cost a total of $37,180,000 (“Estimated Project Cost”). The Estimated Project Cost includes the cost the cost of design and construction itself, the cost of additional right-of-way acquisitions, professional services, and unallocated contingency. Those cost categories are set forth more fully in the ▇▇▇▇▇ ▇▇ ▇▇▇▇▇. Such figure is only an estimate. The actual cost to design and construct the Baseline Project (the “Actual Project Cost”) may turn out to be either more or less than the Estimated Project Cost.