Construction Cost

Construction Cost. Means the cost of constructing any facility or equipment used or useful in the Partnership's' operations, or any expansion thereof; including, without limitation, materials, labor, equipment, permits, consulting fees, accounting and legal fees, insurance costs, contractors' fees, land and easement costs, administrative overhead charges allowed pursuant to Section 3.10(a) of the Accounting Procedures, and all other costs necessary or incidental thereto,... excluding only any costs incurred by the Partners which comprise any portion of their Initial Investment and any interest, amortization or overhead costs incurred by a Partner. View More

Construction Cost. The actual cost of labor, materials, demolition, land improvements, utility installation, architectural and engineering services, and other work to be performed and costs to be incurred in connection with the construction and completion of the Improvements in accordance with the Final Plans and this Agreement, not to exceed a total of $46,390,611.00 for the Improvements, which amount is the total of all "Hard Costs", "Soft Costs" and "Loan Costs" described in the "Use of Proceeds" schedule for... the Improvements, attached hereto as Exhibit "B". View More