Capital Facility Projects Sample Clauses
Capital Facility Projects. The Operating Budget shall also include a separate schedule detailing the foreseeable, non-recurring expenses that are expected to occur on a one-time or irregular basis. Operating Budget approvals and approval of revisions will be made in writing by the Terminal Concessions Program Developer. The approved Operating Budget or revised Operating Budget shall be binding upon Contractor. For purposes of approval, Contractor shall develop and submit its Operating Budget to the Terminal Concessions Program Developer according to the following schedule: Contractor’s Operating Budget Submission to the Terminal Concessions Program Developer October 1 Terminal Concessions Program Developer’s review and comments completed November 1 Approval of final Operating Budget and First Quarter Plan December 1 Contract Year Begins January 1 Closeout of previous Contract Year Budget on or before May 1 Submission of Year-End Closeout Budget Report on or before June 1 Evaluation/review of previous Contract Year Budget Performance on or before July 1
Capital Facility Projects. The Operating Budget shall also include a separate schedule detailing the foreseeable, non-recurring expenses that are expected to occur on a one-time or irregular basis. Operating Budget approvals and approval of revisions will be made in writing by the Terminal Concession Program Developer. The approved Operating Budget or revised Operating Budget shall be binding upon Contractor. For purposes of approval, Contractor shall develop and submit its Operating Budget to the Terminal Concession Program Developer according to the following schedule: Action Completion Date • Contractor’s Operating Budget Submission to the Terminal Concession Program Developer October 1 • Terminal Concession Program Developer’s review and comments completed November 1 • Approval of final Operating Budget and First Quarter Plan December 1 • Contract Year Begins January 1 • Closeout of previous Contract Year Budget on or before May 1 • Submission of Year-End Closeout Budget Report on or before June 1 • Evaluation/review of previous Contract Year Budget Performance on or before July 1