Target Value Design Sample Clauses

Target Value Design. Target Value Design is a design discipline that requires project values, cost, schedule, and constructability to be basic components of the design criteria, and that uses cost targets to drive innovation in designing a project to provide optimum value to the Owner. The Target Value Design goals are defined at the onset of the Project, continuously reinforced by Architect, Owner, and Contractor for the duration of the Project, and used to guide the design process to a successful conclusion. The Owner’s needs and budget goals are clearly understood very early in the design process and the Owner’s budget goals define the goals and progress of the design.
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Target Value Design. Design Build Entity shall design the Project utilizing the Target Value Design approach. Design Build Entity shall prepare all cost estimates and budgets required by the Design Work consistent with the TGMP/GMP Preparation Form, with appropriate detailed backup information commensurate with the stage of design. Design Build Entity shall establish target cost values for components of the building in accordance with Uniformat and utilize the principles of Target Value Design throughout the Design Work to ensure estimates do not exceed the target costs or the Target GMP. Utilizing the Target Value Design approach, Design Build Entity shall update the estimated cost of Construction Work in accordance with Uniformat and the TGMP/GMP Preparation Form at reasonable intervals, not to exceed every three (3) weeks. Design Build Entity shall track and report Uniformat values in a manner and format approved by Judicial Council. Design Build Entity acknowledges and agrees that the Target Value Design approach is integral to the development of the cost of the Construction Work, and that Design Build Entity’s failure to comply with this requirement shall constitute a material breach of the Agreement.
Sample 1Sample 2Sample 3
Target Value Design. The IPD Team Members will provide Target Value Design support services throughout development of the design. Depending on the stage of document development, the scope and nature of this ongoing effort may change. The specific estimates listed below are "roll-up estimates" or "gate estimates" to provide Owner the opportunity to confirm that the entire Project, at those milestones, is proceeding within the approved budget parameters. Those estimates shall be the by-product of the continuous Target Value Design process and are not intended to be performed by progressing the documents to a certain stage of development and then requesting that the IPD Team provide pricing information. The IPD Team shall provide ongoing cost information and estimating of portions of the Services and Work as the Contract Documents are developed, and such other cost exercises that the Core Group deems advisable. Formal estimates shall include amounts for escalation in labour and material prices in the Design and Procurement Phase and the Construction Phase ("Escalation"). In connection with the establishment of the EMP, the initial Core Group may determine to fix the Construction Phase Escalation associated with certain commodities by use of commonly accepted price indexes or other price-based measures.
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Target Value Design. (1) It is the intent of the Parties to establish and support a rigorous Target Value Design process at every step in the Project evolution. For the purposes of this Agreement, “Target Value Design” means a management practice by the Developer that drives the design, schedule, and financing strategy to deliver the Project for a Total Capital Cost that is expected to fall within a range of $100 million to $130 million and average annual financing costs of $8 million to $9 million (“the Affordability Range”).
Sample 1
Target Value Design. Owner anticipates that CM/GC and the Trade Contractors will provide Target Value Design support services throughout development of the design. Depending on the stage of the document development, the scope and nature of this ongoing effort may change. The listing of the specific estimates below are specific “roll up estimates” or “gate estimates” to provide Owner the opportunity to confirm that the Work, at those milestones, is proceeding within the approved budget parameters. Those estimates shall be the byproduct of the ongoing target value pricing process and are not intended to be performed by progressing the documents to a certain stage of development and then requesting that the CM/GC and the Trade Contractors provide pricing information. As noted, CM/GC and the Trade Contractors will also be expected to provide ongoing cost information and estimating of portions of the Work, systems being considered, details as they are developed, and other cost exercises that the Core Group deems advisable. Formal estimates should not include a Design Contingency, but should include CM/GC’s Construction Phase Contingency, and a contingency for Escalation in labor and material prices based upon the anticipated construction schedule.
Sample 1
Target Value Design. Design Build Entity shall design the Project utilizing the Target Value Design approach. Design Build Entity shall prepare all cost estimates and budgets required by the Design Work consistent with the TGMP/GMP Preparation Form, with appropriate detailed backup information commensurate with the stage of design. Design Build Entity shall establish target cost values for components of the building in accordance with Uniformat and utilize the principles of Target Value Design throughout the Design Work to ensure estimates do not exceed the target costs or the Target GMP. Utilizing the Target Value Design approach, Design Build Entity shall update the estimated cost of Construction Work in accordance with Uniformat and the TGMP/GMP Preparation Form at reasonable intervals, not to exceed every three (3) weeks. Design Build Entity shall track and report Uniformat values in a manner and format approved by Judicial Council. Design Build Entity acknowledges and agrees that the Target Value Design approach is integral to the development of the cost of the Construction Work.
Sample 1

Related to Target Value Design

  • Performance Targets Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

  • Target Fair Market Value The Company agrees that the Target Business that it acquires must have a fair market value equal to at least 80% of the balance in the Trust Account (excluding any taxes) at the time of signing the definitive agreement for the Business Combination with such Target Business. The fair market value of such business must be determined by the Board of Directors of the Company based upon standards generally accepted by the financial community, such as actual and potential sales, earnings, cash flow and book value. If the Board of Directors of the Company is not able to independently determine that the target business meets such fair market value requirement, the Company will obtain an opinion from an unaffiliated, independent investment banking firm, or another independent entity that commonly renders valuation opinions. The Company is not required to obtain such an opinion as to the fair market value if the Company’s Board of Directors independently determines that the Target Business does have sufficient fair market value.

  • Target Population TREATMENT FOR ADULT (TRA) Target Population

  • Goal The goals of the Department’s grants are to: 1. Reduce delinquency, increase offender accountability, and rehabilitate juvenile offenders through a comprehensive, coordinated, community-based juvenile probation system;

  • Target Net Assets The Company agrees that the Target Business that it acquires must have a fair market value equal to at least 80% of the balance in the Trust Account at the time of signing the definitive agreement for the Business Combination with such Target Business (excluding taxes payable and the Deferred Underwriting Commissions). The fair market value of such business must be determined by the Board of Directors of the Company based upon standards generally accepted by the financial community, such as actual and potential sales, earnings, cash flow and book value. If the Board of Directors of the Company is not able to independently determine that the target business meets such fair market value requirement, the Company will obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions with respect to the satisfaction of such criteria. The Company is not required to obtain an opinion as to the fair market value if the Company’s Board of Directors independently determines that the Target Business does have sufficient fair market value.

  • Targets Seller’s supplier diversity spending target for Work supporting the construction of the Project prior to the Commercial Operation Date is ____ percent (___%) as measured relative to Seller’s total expenditures on construction of the Project prior to the Commercial Operation Date, and;

  • Development Milestones In addition to its obligations under Paragraph 7.1, LICENSEE specifically commits to achieving (either itself or through the acts of a SUBLICENSEE) the following development milestones in its diligence activities under this AGREEMENT: (a) (b).

  • Multi-year Planning Targets Schedule A may reflect an allocation for the first Funding Year of this Agreement as well as planning targets for up to two additional years, consistent with the term of this Agreement. In such an event, the HSP acknowledges that if it is provided with planning targets, these targets: a. are targets only, b. are provided solely for the purposes of planning, c. are subject to confirmation, and d. may be changed at the discretion of the Funder in consultation with the HSP. The HSP will proactively manage the risks associated with multi-year planning and the potential changes to the planning targets; and the Funder agrees that it will communicate any changes to the planning targets as soon as reasonably possible.

  • Performance Levels (a) The Performance Levels which apply to the performance by the respective Parties of their obligations under this Agreement are set out in Part 1 of Schedule 5. A failure by either Party to achieve the relevant Performance Level will not constitute a breach of this Agreement and the only consequences of such failure as between the Parties shall be the consequences set out in this Clause 5.6. (b) If the Operator does not comply with the Operator Performance Level then the Access Holder must pay to QR Network the amount determined in accordance with Schedule 5 as part of the invoice issued by QR Network for Access Charges and other charges for the Billing Period immediately following QR Network becoming entitled to that amount. Where there is no next Billing Period, the Operator must pay such amount to QR Network within fourteen (14) days after receipt of a Tax Invoice from QR Network. (c) If QR Network does not comply with the QR Network Performance Level then QR Network will credit to the Access Holder the amount determined in accordance with Schedule 5 by way of a deduction from the invoice issued by QR Network for Access Charges and other charges for the Billing Period immediately following the Access Holder becoming entitled to that amount. Where there is no next Billing Period, QR Network must pay such amount to the Access Holder within fourteen (14) days after receipt of a Tax Invoice from the Access Holder. (d) The Parties must, if requested by either Party, meet to review the Performance Levels subject to such review not occurring within six (6) Months after the Commitment Date or any previous review of the Performance Levels. If either Party notifies the other that it considers that the Performance Levels are no longer appropriate, the Parties may agree on varied Performance Levels and any associated variations to the Agreement including the Base Access Charges and the Train Service Description. If the Parties are unable to agree to such variations, then the existing Performance Levels shall continue to apply unless varied by QR Network in accordance with the provisions of Clause 5.6(e). (e) In the event that the Access Holder and/or the Operator (i) does not comply in any material respect with the Train Service Description; and (ii) the Access Holder fails to demonstrate to the reasonable satisfaction of QR Network when requested to do so, that the Access Holder will consistently comply with the Train Service Description for the remainder of the Term then, following consultation with the Access Holder, QR Network will be entitled to: (iii) vary the Train Service Description to a level it reasonably expects to be achievable by the Access Holder for the remainder of the Term having regard to the extent of previous compliance with the Train Service Description (ignoring, for the purpose of assessing previous compliance, any non-compliance to the extent that the non-compliance was attributable to a Railway Operator (other than the Access Holder) or to QR Network); and (iv) vary the Agreement (including, without limitation, the Operator Performance Level and the Base Access Charges) to reflect the impact of the change in the Train Service Description. (f) The Access Holder shall be entitled to dispute any variation proposed by QR Network pursuant to Clause 5.6(e) and such dispute will be referred to an expert for resolution in accordance with Clause 17.3.

  • Targets and Milestones You may choose to develop specific additional targets and milestones which assess your performance in ITT over time – particularly if ITT trainees make up a significant proportion of your overall student body. Alternatively, you may have targets and milestones in your existing 2012-13 access agreement which you now also wish to apply to undergraduate and/or postgraduate ITT trainees. These targets may be statistical – based on how representative your entrants are and/or your retention performance – and might include annual or interim milestones to help you monitor whether you are making progress. You may wish to include criteria around the numbers of trainees in receipt of a full or partial maintenance grant, as financial data will need to be collected to determine bursary support and the data will also be accessible through the Student Loans Company for HEBSS subscribers. You may also wish to consider the TDA guidance at Annex C which gives information on specific groups that are underrepresented in the teaching profession.

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