![]() ![]() ![]() ![]() Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.Ĭonstruction Costs means any and all costs incurred by the Contractor with respect to the construction and equipping, as the case may be, of the Project, whether paid or incurred prior to or after the date hereof, including, without limitation, costs for Site preparation, the removal or demolition of existing structures, the construction of the Project and related facilities and improvements, and all other work in connection therewith, security of the Site and Project, Contractors’ overhead and supervision at the Project site, all costs and expenses including any taxes or insurance premiums paid by the Contractor with respect to the Property, and administrative and other expenses necessary or incident to the Project, excluding Contractor’s home office overhead and field office overhead (which both shall be part of the Contractor’s General Conditions) and Contractor’s profit and fee. Related to Deemed Mall Construction Costsĭirect Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. ![]()
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