Cost Reduction Proposals Sample Clauses
Cost Reduction Proposals. In consideration of the commencement of contract DE-AC34-00RF01904 on February 1, 2000, and the Target Fee identified in Clause B.2(a) therein, Contractor agrees and acknowledges that it has received adequate compensation and consideration for all Cost Savings Proposals previously submitted DOE under ▇▇▇▇▇▇ ▇.6 of contract DE-AC34-95RF00825 through the payment of Superstretch Performance Measure fees paid by DOE from 1996 and thereafter. In addition, Contractor agrees that the CRP program has been superceded by the Superstretch Performance measure program and Contractor is not entitled to pursue or seek compensation for CRPs under contract DE-AC34-95RF00825 or DE-AC34-00RF01904.
Cost Reduction Proposals. B. The Contractor may submit written proposals to the Engineer that modify Plans, Specifications, or other Contract Documents for the sole purpose of reducing the total cost of construction. Unless otherwise agreed to in writing, a proposal that is solely or primarily a proposal to reduce estimated quantities or delete Work, is not eligible for consideration as a cost reduction proposal.
C. Proposal Requirements - The Engineer will not adopt a cost reduction proposal that impairs essential functions or characteristics of the Project, including, but not limited to, service life, economy of operation, ease of maintenance, designed appearance, or design and safety standards. To conserve time and funds, the Contractor may first submit a written request for a feasibility review by the Engineer. The request should contain a description of the proposal together with a rough estimate of anticipated dollar and time savings. The Engineer will, within a reasonable time, advise the Contractor in writing whether or not the proposal would be considered by the Engineer, should the Contractor elect to submit a detailed cost reduction proposal.
D. A detailed cost reduction proposal shall include without limitation the following information:
1. A description of existing Contract requirements for performing the Work and the proposed change;
2. The Contract items of Work affected by the proposed change, including any quantity variation caused by the proposed change;
3. Pay Items affected by the proposed change including any quantity variations;
4. A detailed cost estimate for performing the Work under the existing Contract and under the proposed change. Costs of re-design, which are incurred after the Engineer has accepted the proposal, shall be included in the cost of proposed work; and a date by which the Engineer must accept the proposal in order to accept the proposed change without impacting the Contract Time or cost reduction amount.
Cost Reduction Proposals