Total Project Cost Estimate Clause Samples

Total Project Cost Estimate. Line r – Total Cost Estimate of the Project. Total of lines e + j + q. *Please remember, if the federal aid participation rate entered is not the maximum rate allowed by FHWA, then the participation rate entered becomes the maximum rate allowed.
View SourceView Similar (20)
Total Project Cost Estimate. Line r – Total Cost Estimate of the Project. Total of lines e + j + q.
View SourceView Similar (2)
Total Project Cost Estimate. The Lenders Independent Engineer will review the following: * The EPC and various other equipment suppliers’ scope of supply and corresponding cost estimate methodology. * The EPC / civil works contracts and corresponding cost estimate methodology. * Assessment of the EPC and other equipment packages finalized for optimization of performance and costs * The taxes, levies, freight and inflation indexation applicable to the EPC and other equipment suppliers’ costs * Identify major equipment not covered in the EPC and other equipment packages finalized and cost impact, if any. * Assess the methodology used to develop the total Project cost estimate. * Compare the total Project cost estimate to that of similar projects. * Evaluate to what extent cost items are based on estimates versus an actual fixed price and identify those items that are not fixed price along with the possible risk associated with these variables. * Opine on the adequacy of the contingency and total project cost estimate.
View SourceView Similar (2)
Total Project Cost Estimate. The following shall be accomplished by the (Construction Manager with assistance from the) Professional. a. Submit an updated Cost Estimate of construction costs with each review. Include all bid packaging and phasing. b. Confirm, in writing, the estimated operating utility cost of the project. c. Obtain from the University the amount and adequacy of any construction contingency. d. Upon submittal of 90 percent bid documents, confirm, in writing, the Total Estimated Construction Cost indicating that it is within the Design Budget for the project. e. Notify the University, in writing, if at any time it becomes evident, that the project cannot be constructed within the Design Budget. Unless the University determines the problem to be outside the control or responsibility of the Professional, or directs, in writing, an alternate approach, the Professional shall develop practical cost reductions as outlined in detail in the General Requirements of this Agreement.
View Source
Total Project Cost Estimate. The parties hereby acknowledge and agree that Base Rent is intended to be determined based on a 7.9% return on Landlord’s costs and expenses to acquire, design, develop and construct the Building shell and core and related areas of the Premises for Tenant’s Permitted Use. In connection therewith, prior hereto, Landlord provided to Tenant, and T▇▇▇▇▇ approved, that certain itemized estimate of the Allowable Costs, which estimate is attached hereto as Schedule 3 (the “Cost Estimate”). The Cost Estimate is subject to adjustment for costs attributable to approved Change Orders and Tenant Delays as well as to update the Cost Estimate based on the Construction Contracts, to the extent applicable.
View Source

Related to Total Project Cost Estimate

  • Total Project Cost With regard to any Real Property acquired prior to or during the development, construction or improvement stages, all hard and soft costs and expenses paid or incurred by or on behalf of the Corporation that are in any way related to the development, construction, improvement or stabilization (including tenant improvements) of such Real Property, including, but not limited to, any debt, whether borrowed or assumed, land and construction costs.

  • Cost Estimate The cost estimate shall set out the estimated costs for the proposed Change Order in such a way that a fair evaluation can be made. It shall include a breakdown for labor, materials, equipment and markups for overhead and profit, unless TxDOT agrees otherwise. If the work is to be performed by Subcontractors and if the work is sufficiently defined to obtain Subcontractor quotes, DB Contractor shall obtain quotes (with breakdowns showing cost of labor, materials, equipment and markups for overhead and profit) on the Subcontractor’s stationery and shall include such quotes as back-up for DB Contractor’s estimate. No markup shall be allowed in excess of the amounts allowed under Section 10.6. DB Contractor shall identify all conditions with respect to prices or other aspects of the cost estimate, such as pricing contingent on firm orders being made by a certain date or the occurrence or non-occurrence of an event.

  • Project Cost An updated cost spreadsheet reflecting the current forecasted cost vs. the latest approved budget vs. the baseline budget should be included in this section. One way to track project cost is to show: (1) Baseline Budget, (2) Latest Approved Budget, (3) Current Forecasted Cost Estimate, (4) Expenditures or Commitments to Date, and (5) Variance between Current Forecasted Cost and Latest Approved Budget. Line items should include all significant cost centers, such as prior costs, right-of-way, preliminary engineering, environmental mitigation, general engineering consultant, section design contracts, construction administration, utilities, construction packages, force accounts/task orders, wrap-up insurance, construction contingencies, management contingencies, and other contingencies. The line items can be broken-up in enough detail such that specific areas of cost change can be sufficiently tracked and future improvements made to the overall cost estimating methodology. A Program Total line should be included at the bottom of the spreadsheet. Narratives, tables, and/or graphs should accompany the updated cost spreadsheet, basically detailing the current cost status, reasons for cost deviations, impacts of cost overruns, and efforts to mitigate cost overruns. The following information should be provided:

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.