Expected Cost Sample Clauses

The Expected Cost clause defines the anticipated financial outlay associated with a particular project, service, or transaction. It typically outlines how the expected cost is calculated, what components are included (such as materials, labor, or overhead), and may specify when and how adjustments can be made if actual costs differ from projections. This clause serves to set clear financial expectations between parties, helping to prevent disputes over payment and ensuring both sides understand their budgetary commitments.
Expected Cost. 9.4.1 As part of the Validation Study, the Architect, in collaboration with the IPD Team Members, shall prepare an Expected Cost, which shall comprise the following: (a) total cost to Owner of all elements of the Cost of the Work for the Project, including the total costs of professional services, labour, materials and supervision to be furnished by Architect and CM/GC during the Validation Phase, the Design and Procurement Phase, the Construction Phase and the Post-Construction Phase; (b) At-Risk Amounts; (c) the IPD Team Contingency; (d) General Conditions; and (e) all Allowances; each in the amount agreed upon by the Core Group during the Validation Phase. The Expected Cost shall not include amounts for Owner’s Retained Costs, Owner’s Contingency or the costs of land, rights of way, financing or other items for which Owner is responsible. 9.4.2 The IPD Team Contingency is a contingency amount determined by the initial Core Group during the Validation Phase that is available to address Deficient Work (whether violating the standard of care or not) as provided in Section 7.2.3 and to pay for items that are properly considered a Cost of the Work but which do not form the basis of a Change Order. The Core Group will determine when and how the IPD Team Contingency will be allocated among budget line items. Although it is identified as a line item in the Project budget, the IPD Team Contingency is not a separate fund, but is tracked separately for the sole purpose of a risk and cost management tool.
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Expected Cost. The expected total cost for the Development Property, architectural services, engineering services, and construction of the Development, including in-kind contributions, which amount is Forty Million Dollars ($40,000,000).
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Related to Expected Cost

  • Estimated Cost Estimated costs by construction phases for Specified Roads listed in A7 are stated by segments in the Schedule of Items. Such estimated costs are subject to adjustment under B3.3, B5.2, B5.21, B5.212, B5.25, and B5.26. Appropriately adjusted costs shall be made a part of a revised Schedule of Items and shown as adjustments to Timber Sale Account. The revised Schedule of Items shall supersede any prior Schedule of Items when it is dated and signed by Contracting Officer and a copy is furnished to Purchaser.

  • Increased Cost If any Regulatory Change: (a) shall subject the Lender to any tax, duty or other charge with respect to its Eurodollar Rate Advances, its obligation to make Eurodollar Rate Advances or shall change the basis of taxation of payment to the Lender of the principal of or interest on Eurodollar Rate Advances or any other amounts due under this Agreement in respect of Eurodollar Rate Advances or its obligation to make Eurodollar Rate Advances (except for changes in the rate of tax on the overall net income of the Lender imposed by the jurisdiction in which the Lender's principal office is located); or (b) shall impose, modify or deem applicable any reserve, special deposit, capital requirement or similar requirement (including, without limitation, any such requirement imposed by the Board, but excluding with respect to any Eurodollar Rate Advance any such requirement to the extent included in calculating the applicable Adjusted Eurodollar Rate) against assets of, deposits with or for the account of, or credit extended by, the Lender or shall impose on the Lender or on the interbank Eurodollar market any other condition affecting its Eurodollar Rate Advances or its obligation to make Eurodollar Rate Advances; and the result of any of the foregoing is to increase the cost to the Lender of making or maintaining any Eurodollar Rate Advance, or to reduce the amount of any sum received or receivable by the Lender under this Agreement or under the Note, then, within 30 days after demand by the Lender, the Borrower shall pay to the Lender such additional amount or amounts as will compensate the Lender for such increased cost or reduction. The Lender will promptly notify the Borrower of any event of which it has knowledge, occurring after the date hereof, which will entitle the Lender to compensation pursuant to this Section. A certificate of the Lender claiming compensation under this Section, setting forth the additional amount or amounts to be paid to it hereunder and stating in reasonable detail the basis for the charge and the method of computation, shall be conclusive in the absence of error. In determining such amount, the Lender may use any reasonable averaging and attribution methods. Failure on the part of the Lender to demand compensation for any increased costs or reduction in amounts received or receivable with respect to any Interest Period shall not constitute a waiver of the Lender's rights to demand compensation for any increased costs or reduction in amounts received or receivable in any subsequent Interest Period.

  • Increased cost claims (a) A Finance Party intending to make a claim pursuant to Clause 13.1 (Increased costs) shall notify the Agent of the event giving rise to the claim, following which the Agent shall promptly notify the Borrower. (b) Each Finance Party shall, as soon as practicable after a demand by the Agent, provide a certificate confirming the amount of its Increased Costs.

  • Shift Differential Pay SECTION 1: In addition to compensation provided by the wage schedule, employees working between the hours of 3:00 P.M. and 7:00 A.M. shall be paid a shift differential premium of $.45 (forty-five cents) per hour in addition to the regular pay for those hours. SECTION 2: Employees must work a minimum of 3 (three) hours in order for shift differential to apply.

  • Estimated Costs The proposed GMP Change Order shall include separately identified dollar amounts, stated as fixed sums, for Actual Costs as estimated by the Design-Builder for the complete construction of the Project, which amount shall include the all Trade Contract and Subcontract Sums, costs of materials, and any Component Change Order Sums;