Common use of Project Objective Clause in Contracts

Project Objective. The Parties will jointly develop the Project Objective based upon the Owner’s requirements, goals, and constraints. The Project Objective is comprised of the Base Program, Target Cost, Added Value Incentive Items, Implementation Documents, and Contract Time, and any other objectives agreed by the Parties. The Project Objective establishes the Project requirements and standards for measuring the Project’s success. The various components of the Project Objective may be incorporated into the Agreement through Amendment upon recommendation of the Project Management Team and approval of the Senior Management Team.

Project Objective. The Parties will jointly develop the Project Objective based upon the Owner’s requirements, goals, and constraintslimitations. The Project Objective is comprised of the Base Program, Base Target Cost, Added Value Incentive Items, Implementation Documents, and Contract Time, and any other objectives agreed by the Parties. The Project Objective establishes the Project requirements and standards for measuring the Project’s success. The various components of the Project Objective may be incorporated into the Agreement through Amendment upon recommendation of the Project Management Team (“PMT”) and approval of the Senior Management TeamTeam (“SMT”).

Project Objective. The Parties will jointly develop the Project Objective based upon the Owner’s requirements, goals, and constraintslimitations. The Project Objective is comprised of the Base ProgramOwner's Program Objective, Target Cost, Added Value Incentive Items, Implementation Documents, and Contract Time, and any other objectives agreed by the Parties. The Project Objective establishes the Project requirements and standards for measuring the Project’s success. The various components of the Project Objective may be incorporated into the Agreement through Amendment upon recommendation of the Project Management Team (“PMT”) and approval of the Senior Management TeamTeam (“SMT”).