Budgeted Cost of Work Scheduled definition

Budgeted Cost of Work Scheduled or "BCWS" means the estimated aggregate of all Allowable Costs (and Associated Allowable Costs) which are provided for in the Contract Baseline in respect of activities to be undertaken pursuant to this Agreement;
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Budgeted Cost of Work Scheduled or “BCWS” means the budgeted cost of work scheduled and contained in the Lifetime Performance Baseline as amended in accordance with the change control procedure contained in Part 2 (Baseline Management and Change Control) of the Programme Management Schedule;
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Examples of Budgeted Cost of Work Scheduled in a sentence

  • In its periodic reports to the FTA, MTACC details the Budgeted Cost of Work Scheduled (BCWS) versus the Budgeted Cost of Work Performed (BCWP) for each active construction contract.

  • In an effort to corroborate the IPS forecast, the PMOC has reviewed schedule performance to date to develop performance metrics that can assist in evaluating CPM schedule forecasts.In its periodic reports to the FTA, the MTACC details the Budgeted Cost of Work Scheduled (BCWS) versus the Budgeted Cost of Work Performed (BCWP) for each active construction contract.

  • Terminologies for EV calculations:• ACWP (AC) – Actual Cost of Work Performed• BCWP (EV) – Budgeted Cost of Work Performed• BCWS (PV) – Budgeted Cost of Work Scheduled (planned) Figure 4: Earned Value Graph <..

  • The Borrower shall repay all outstanding Obligations (other than contingent Obligations not yet existing), in full on or before the Final Maturity Date.

  • That is,SPI = Budgeted Cost for Work Performed / Budgeted Cost of Work Scheduled.

  • The Budgeted Cost of Work Scheduled (BCWSt) for any set of WBS elements is the budgeted cost of all work on tasks and products in those elements scheduled to be completed by time t.

  • Work packages are established and opened when the Planned Value (PV), or Budgeted Cost of Work Scheduled (BCWS), is planned.

  • These tasks are identified in the contract and are implicit performance expectations.Fee distribution amongst the PIDs is based on a combination of analyses of Budgeted Cost of Work Scheduled and scheduled activities considered by DOE management to be key to successful contract execution.

  • The grantee shall use Earned Value Management methodology to report the Budgeted Cost of Work Scheduled (BCWS), Actual Cost of Work Performed (ACWP), and the Budgeted Cost of Work Performed (BCWP) for all applicable cooperative agreement reporting used to prepare the Cooperative Agreement Budget (CAB).

  • Compare the cumulative to date Budgeted Cost of Work Scheduled (BCWS), Budgeted Cost of Work Performed (BCWP), and Actual Cost of Work Performed (ACWP), on a monthly basis.

Related to Budgeted Cost of Work Scheduled

  • Cost of work , in table above, shall mean the agreement amount of the work.

  • Project Plan means the document to be developed by the Contractor and approved by WTL, based on the requirements of the Contract and the Preliminary Project Plan included in the Contractor’s bid. For the sake of clarity, the Agreed and Finalised Project Plan” refers to the version of the Project Plan submitted by the contractor after receiving the letter of Award and the same approved by WTL. The project plan may be changed/ modified during the course of the project. Should the Project Plan conflict with the provisions of the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Work Order means an individually negotiated document that is executed by both Parties and which authorizes a Project, if any, in an indefinite quantity Contract.

  • SOW means the document specifying, without limitation, the scope, objective, and time frame of the Work that Supplier will perform for Cisco.

  • Period of Work means the time during which an employee is at the disposal of the employer;

  • Statement of Work means the description of activities performed in completing the Project, as specified in the Contract and as may be amended.

  • Baseline Schedule means the initial time schedule prepared by Contractor for Owner’s information and acceptance that conveys Contractor’s and Subcontractors’ activities (including coordination and review activities required in the Contract Documents to be performed by A/E and ODR), durations, and sequence of work related to the entire Project to the extent required by the Contract Documents. The schedule clearly demonstrates the critical path of activities, durations and necessary predecessor conditions that drive the end date of the schedule. The Baseline Schedule shall not exceed the time limit current under the Contract Documents.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Project Schedule means a document that, with respect to each Phase of the Project, identifies, coordinates and integrates the anticipated design and construction schedules, the Contracting Authority’s and Owner's responsibilities, government authority reviews and other activities as are necessary for the timely completion of the Work.

  • Custom Local Area Signaling Service Features (CLASS) means certain call-management service features that are currently available from SBC-13STATE’s local networks. These could include: Automatic Call Back; Automatic Recall; Call Trace; Caller Identification and related blocking features; Calling Number Delivery; Customer Originated Trace; Distinctive Ringing/Call Waiting; Selective Call Forward; and Selective Call Rejection.

  • Completion of work means completion of the entire contracted work. Exhaustion of quantity of any particular item mentioned in the bid document shall not imply completion of work or any component thereof.

  • Project Year means the twelve-month period beginning from the Effective Date and ending twelve months thereafter (the First Project Year), and any twelve-month period beginning at the end of the First Project Year, or the end of subsequent Project Years;

  • Work week means a seven (7) consecutive day week that consistently begins and ends on the same days throughout the year; i.e. Sunday through Saturday, Wednesday through Tuesday, Friday through Thursday.

  • Type of Work means (insert the type of work you expect to supply the Agency Worker into);

  • Annual Work Plan means each work plan approved by the Association under Section I.C of Schedule 2 to this Agreement for inclusion in the Project.

  • Scope of Work means the description of Services and Deliverables specified in the Contract and as may be amended.

  • Work Schedule means the approved order and timeline for how the requirements of this contract, including Work on individual Units or groups of Units, will be fulfilled by the Contractor.

  • Product Schedule means the “Product Schedule” that forms part of the Contract.

  • MSAA Indicator Technical Specifications document means, as the context requires, either or both of the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Indicator Technical Specifications November 5, 2018 Version 1.3” and the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Target and Corridor-Setting Guidelines” as they may be amended or replaced from time to time;

  • Work crew means a program of partial confinement

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Manufacturing Cost means ***

  • Work Plan means a plan that describes each individual activity to be conducted to complete eligible activities and the associated costs of each individual activity.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Normal weekly hours of work means the established standard work times and number of hours in the workweek for the position or, if standard work times and number of hours have not been established for the position, the work times and average number of hours per week actually worked by the employee in that position over the most recent 3 months before the employer files the application for designation as a participating employer.

  • ordinary hours of work means the hours of work permitted in terms of clause 11;