Cost and Time Savings Sample Clauses

Cost and Time Savings. With preventative maintenance as the target for using FPVS, there is a substantial savings in both cost and time by delaying major improvements to assets and efficiently putting programmed resources to use. Additionally, by bundling many routes into one contract with a guaranteed price, MoDOT has realized lower bids on many of the projects compared other projects in the same area delivered traditionally. Using this method also provides the ability to get under contract efficiently and mitigate market fluctuations in real time.
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Cost and Time Savings. The result in the acceptance of the ATC’s and subsequent change order can be found in the attachments. The Program Budget was exceeded, however due to the ability to utilize this Alternative Construction Method, the Department was able to award the Project. Overall, the use of the ATC process in FY 2020 resulted in a savings of over $6 million according to the bidding documents. • Although this project worked out well from a cost savings standpoint, this project may have been a great candidate for a CMGC process or Progressive Design-Build. Additional value may have been realized during the procurement with one of these procurementmethods. • We would suggest a detailed risk assessment be performed on ATCs to identify and assign risk to the appropriate party (MoDOT or Contractor). If this is done early, there could be more interest in the ATC process. • Contractors need to know the risks they are assuming for using an approved ATC. Make it clear that the contractor can rely on MoDOT’s estimated quantities for areas of the project or bid items that are not touched by the ATC. A contractor will price risk for quantities their engineer and the contractor’s staff did not develop in relation to the ATC. Make this clear in the Guidelines and Procedures Document. • The program budget was very dated and not even close to Contractors base plan estimate. This led to a concern whether the project would be awarded if more than 10% over the budget, even with ATC savings. • Hiring a design firm to assist is costly. If the low bid is not awarded that is a sunk cost that is hard to recoup. • Starting the process with a complete set of plans requiring no additional edits and a well thought out Guidelines and Procedures document would allow for streamlining of the process. • If updates to the base plan set are needed, have those completed before the ATC process starts. Limit changes late in the process, particularly with any planquantities. • Limiting ATCs to three means one of two things will happen. 1) MoDOT will not realize all the potential financial benefits of the ATC process or 2) Smaller ATCs are bundled which can be confusing as it relates to the projected savings and bid submittal. Procurement Phase Evaluation for the I-49 Missouri-Arkansas Connector Special Experimental Project No. 14 (SEP-14) ATCs – Alternative Technical Concepts Missouri Department of Transportation Initial Report: SEP-14 Procurement Phase ATC Contract for: Job Number J7P0601, I-49 Missouri-Arka...
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Related to Cost and Time Savings

  • Cost Savings Developer shall work cooperatively with Architect, Construction Manager, subcontractors and District, in good faith, to identify appropriate opportunities to reduce the Project costs and promote cost savings. Any identified cost savings from the Guaranteed Maximum Price shall be identified by Developer, and approved in writing by the District. In the event Developer realizes a savings on any aspect of the Project, such savings shall be added to the Contingency and expended consistent with the Contingency. In addition, any portion of Allowance remaining after completion of the Project shall be added to the Contingency. If any cost savings require revisions to the Construction Documents, Developer shall work with the District and Architect with respect to revising the Construction Documents and, if necessary, obtaining the approval of DSA with respect to those revisions. Developer shall be entitled to an adjustment of Contract Time for delay in completion caused by any cost savings adopted by District pursuant to Exhibit D, if requested in writing before the approval of the cost savings.

  • Transportation Allowance When an employee is required to travel to the Hospital or to return to her home as a result of reporting to or off work between the hours of hours, (other than reporting to or off work for her regular shift) or at any time while on standby, the Hospital will pay transportation costs either by taxi or by her own vehicle at the rate of thirty-five cents ($0.35) per mile (to a maximum of fourteen dollars ($14.00)) or such greater amount as the Hospital may in its discretion determine for each trip between the aforementioned hours. The employee will provide to the Hospital satisfactory proof of payment of such taxi fare.

  • Travel time allowance All employees shall be paid an allowance (See Appendix A) for each day on which they present themselves for work. The allowance shall also be paid for rostered days off.

  • Isolation Allowance ‌ Employees in the following Communities shall receive an Isolation Allowance of $74.00 per month. Alert Bay Xxxxx Lake Chetwynd Xxxxxx Creek Xxxxx Lake Fort Xxxxxx Fort St. Xxxxx Fort St. Xxxx Xxxxxx Lake Gold River Hazelton Houston Hudson Hope Kitimat XxXxxxx Xxxxxxxxx Nakusp New Denver Port Xxxxx Port Hardy Port XxXxxxx Pouce Coupe Prince Xxxxxx Xxxxx Charlotte Islands Xxxxxxxx Xxxxxxx Tahsis Terrace Tofino Tumbler Ridge Valemount Vanderhoof Waglisla

  • COST OF LIVING ALLOWANCE 29:01 All employees within the Bargaining Unit shall be paid a cost of living allowance based on the cost of living formula as set forth below: The cost of living allowance will be determined in accordance with changes in the Consumer Price Index, published by Statistics Canada (1961 = 100) and hereinafter referred to as the Consumer Price Index. The base Consumer Price Index shall be the Consumer Price Index for February 2016. The first (1st) cost of living adjustment shall be based on the Consumer Price Index of May, 2016, and each three (3) months thereafter compared to the base Consumer Price Index for February 2016. Cost of living adjustments shall be made on pay periods commencing 11:59 p.m. on the following dates: July 5, 2016; October 11, 2016; January 17, 2017; and April 10, 2017. The cost of living rate adjustment shall be One ($0.01) Cent per hour for each point five (.5) change in the Consumer Price Index. The cost of living allowance will be adjusted up or down if and as required for each quarterly period in accordance with the above mentioned formula, provided, however, that in no event will a decline in the Consumer Price Index below the figure as recorded for February, 2016, minus 2.5 points provide a basis for further reduction in the straight time rates set forth in Schedule "A" of the within Agreement. The amount of cost of living Allowance in effect at any time shall be included in computing vacation pay, holiday pay, call-in pay, sick pay, paid leave of absence and Workplace Safety Insurance Board payments. The amount of cost of living allowance shall be included in computing overtime pay except that there shall be no pyramiding as stated in clause 19:06 of the within Agreement. As of June 30, 2016, the cost of living rate adjustment less Five ($0.05) Cents* will be added to the base rates set forth in Schedule "A" in order to create new base rates - said new base rates to be effective as of July 1, 2016. Upon creation of new base rates as provided in the preceding paragraph, a new base Consumer Price Index shall be established and shall be calculated as being the Consumer Price Index for February 2016 minus 2.5 points. This article shall be frozen during the life of the Collective Agreement and no monies will be generated or paid during the term of the Collective Agreement. *The Five ($0.05) Cents referred to was folded into the Base Hourly Wage Rates noted in Schedule “A” effective July 1, 1986. The University of Windsor and C.U.P.E., Local 1001 recognize that some Employees in the Bargaining Unit are using the Sick Leave Plan for illness and various medical appointments above the normal average within the University staff. The Union believes it is the duty of the Employer to manage the Sick Leave Plan and the Union's duty to represent their members eligible to receive sick pay to the best of their ability. To assist the Employer with their concern over the use of the Plan and to protect the interest of the members against any possible erosion of the existing Plan, the Union agrees to counsel all employees by letter and by presentations at general meetings on the need for regular attendance. Further, the Union will encourage members, whenever possible, to schedule appointments after their shift has concluded or as near to the end of their shift as possible.

  • Fares and Travel Allowance All Employees shall be entitled to receive the fares and travel allowance as follows:

  • Part-Time Nurse is a Nurse hired to a position to work on a regular or temporary basis that is less than the work period of a Full-Time Nurse.

  • Mileage Allowance The state agrees to seek continued funding to provide for the payment of a mileage allowance for the use of privately owned vehicles for official travel at the rate provided in section 112.061(7)(d)1., F.S.

  • Salary Progression 1. For the purposes of determining annual progression from one step to the next, each teacher’s performance will be assessed annually against the appropriate professional standards. 2. When setting performance expectations and development objective(s) with individual teachers for the coming year, the appropriate professional standards against which the teacher is to be assessed should be confirmed between the teacher and the employer. 3. For each teacher to progress annually to their next salary step they will need to demonstrate that they meet the appropriate professional standards.

  • Daylight Saving Where by reason of State legislation, summer time is prescribed as being in advance of the standard time in that State the length of any shift: • Commencing before the time prescribed by the relevant legislation for the commencement of a summer time period, and • Commencing on or before the time prescribed by such legislation for the termination of a summer time period, shall be deemed to be the number of hours represented by the difference between the time recorded by the clock at the beginning of the shift and the time so recorded at the end of the shift. The time of the clock in each case is to be set to the time fixed by the relevant State legislation. In this subclause the expressions "standard time" and "summer time" shall bear the same meaning as are prescribed by the relevant State legislation.

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