Cost Saving Measures Clause Samples
The Cost Saving Measures clause establishes procedures or requirements aimed at reducing expenses during the execution of a contract. Typically, it obligates one or both parties to identify, propose, or implement methods that lower costs without compromising quality or contractual obligations. For example, it may require regular reviews of processes to find efficiencies or mandate the use of alternative materials if they result in savings. The core function of this clause is to encourage proactive management of resources and expenditures, ultimately ensuring that the project or service is delivered as economically as possible.
Cost Saving Measures. The parties agree to explore various options in addition to layoffs to reduce bargaining unit personnel costs in order to meet revenue shortfalls during the term of this Agreement.
Cost Saving Measures. The Employer and FNSBEA understand and agree that FNSBEA will assist the Employer in devising methods to implement cost saving options. Cost saving options could include voluntary LWOP, voluntary reduced work week/hours, etc.
Cost Saving Measures. The Province commits itself to ensuring that it continues with, and improves on, existing cost saving initiatives and shall, to this end, introduce the following measures:
(a) the revision of its policy on the issuing and management of cellular phones;
(b) the review of the subsidised vehicle scheme;
(c) the imposition of a limit to the addition of new vehicles to the provincial fleet; and
(d) the initiation of processes to rationalise departmental and administrative structures in order to eliminate the unnecessary duplication of functions.
Cost Saving Measures. It is understood that the fees outlined above are based on what the parties agree is the City’s proportional share of the County’s actual costs in providing dispatching services. During the term of this agreement, the parties agree to cooperate with each other in the investigation of cost savings opportunities that would, in turn, reduce the fee for service that the City should pay. It is also understood that any achieved savings would be shared among the impacted parties that have contracted with the County for dispatching services.
Cost Saving Measures. In respect of Annual Future Testing and Semi-annual Future Testing, if the Annual Budget or reforecast used for the comparison includes any cost saving measures, then the Annual Historic Test undertaken in respect of the preceding Financial Year may be remediated to the extent of such cost saving measures for the purposes of determining the occurrence of an Enhanced Governance Trigger Event.
Cost Saving Measures. Section 1. The UNION shall promote energy reduction cost, that all electricity consuming devices and equipment – computers not in use, AC units, electric fans, electric lights, TV sets, radios, and sound systems – shall be turned on at 9:00 AM and turned off at 4:00PM.
Section 2. Water consumption shall also be regulated; faucets, toilet bowls, sinks, and toilet flushes shall be regularly monitored to make sure that no water is left drifting to avoid water wastage.
Section 3. The UNION shall encourage re-cycling and re-use of bond papers and other office supplies; auction of condemned equipment and scrapped materials into cash to generate income or savings for the AGENCY.
Section 4. The UNION officers shall require their members to be vigilant and assist in the turning off of street lights should they see them left un-switched off. UNION shall support LGU Naga’s programs and activities on cost-saving.
Section 5. The UNION officers shall encourage members to be dedicated public servants and support the AGENCY’s objective of increased revenue collection by reporting to the appropriate office/department business establishments that does not have the necessary and required license or permit to operate. By so doing, the employees could help in the improved revenue collection.
Section 6. Union members are encouraged to device and enforce as well as adhere to and support the AGENCY’s other cost saving measures that will generate funds and/or savings for the general good and welfare of one and all.
Cost Saving Measures. It was agreed that each academic department in the Nigerian Universities shall be provided with the minimum set of equipment to enable it to execute its mandate. The collective use of highly specialized equipment of exceedingly high cost through establishment of central laboratories among departments should be encouraged. However, this cannot be a substitute for specialized laboratories in departments. Each University shall arrange its own cost-saving measures.
Cost Saving Measures. EPL shall:
(a) inform BEPET in writing of any potential Cost Saving Measures as soon as reasonably practicable after becoming aware of such Cost Saving Measures;
(b) acting as a Reasonable and Prudent Operator, take all steps necessary to implement such Cost Saving Measures, provided that no such steps may be taken without the prior written consent of BEPET; and
(c) promptly provide BEPET with a forecast of the extent of such Cost Saving Measures in that Operating Year in order that BEPET may properly consider whether a revision to the then prevailing Annual Operating Plan in accordance with Clause 5.4(a) is necessary or desirable.