date of valuation means the date determined by a municipality in terms of section 31(1);
Loss of Value Payment As defined in Section 2.03(a) of this Agreement.
Schedule of Values means a written breakdown allocating the total Contract Sum to each principal category of Work, in such detail as requested by Owner.
Gross Value means the wholesale price, or, if there be no such price, the estimated value, with, in either case, freight, landing charges, and duty paid beforehand; provided that, in the case of goods or merchandise customarily sold in bond, the bonded price is deemed to be the gross value. “Gross proceeds” means the actual price obtained at a sale where all charges on sale are paid by the sellers.
Current Assessed Value means the annual taxable assessed value of all real and tangible