Class 3 Cost Estimate definition

Class 3 Cost Estimate means an estimate within an expected accuracy within -20% to
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Class 3 Cost Estimate means an estimate with an expected accuracy range within - 20% to +30%. This is estimate is typically associated with the preliminary design level of definition;
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Class 3 Cost Estimate means a cost estimate with an expected accuracy within -20% to
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Examples of Class 3 Cost Estimate in a sentence

  • Capital Cost The final $15.7 million Class 3 Cost Estimate for the recommended equipment and building systems replacement scope of work as well as the paper/cardboard line upgrades exceeds the approved funding of $10.5 million for the project.

  • B13.3 The Proponent’s schedule should demonstrate the following:(a) Class 3 Cost Estimate by August 31, 2022(b) Feasibility Study by October 31, 2022 B14.

  • D4.2 For the Class 3 Cost Estimate, refer to City of Winnipeg Building and General Construction Industry – Class of Estimate Class 3 – Deliverable Maturity Assessment Checklist and Deliverable Definitions (Appendix B).

  • Deliverables: • Draft Final Concept Plans • Draft Final Concept Narratives • Draft Final Concept Rendering(s) • Draft Final Concept Project Budget – to include Class 3 Cost Estimate for Final Concept Plans Meetings: • One meeting, in person.

  • Prepare a Class 3 Cost Estimate for all aspects of work associated with readying the subject lands for redevelopment.

  • City of Wilsonville Standard Details Task 8 Deliverables - Consultant shall provide:• Preliminary (60%) design documents set in both full size (22”x34”) and half-size (11”x17”) electronic (PDF) format digitally stamped and signed by a Professional Engineer registered in the State of Oregon.• AACE Class 3 Cost Estimate.

  • In the case of a mixed service bundle, the percentage of subpart C service revenue, as defined in §385.21, applicable in step 1 of §385.22(b)(1)(i) is 11.35%.

  • Phase Two – This phase is conditional upon approval by the Council of the Township of North Huron and will include all work necessary to develop an AACE Class 3 Cost Estimate for the project that complies with all relevant legislation and standards.

  • First, BCOAPO expresses concern about the uncertainty inherent in a P50 AACE Class 3 Cost Estimate.

  • Considering LRC has completed similar Section 506 projects in geographic proximity and good historical data is available for referencing scope of work (SOW) and pricing, it is reasonable to assume a contingency value in the Class 3 Cost Estimate Classification range.


More Definitions of Class 3 Cost Estimate

Class 3 Cost Estimate means an estimate with an expected accuracy of -20% to +30%;
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Class 3 Cost Estimate means preliminary estimates (expected level of accuracy of +30% to-20%). This Class 3 cost estimate will form the basis for budget authorization and set initial control estimate against which project deliverables will be measured (i.e. on budget).
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Class 3 Cost Estimate means an opinion of probable cost determined using the Association for the Advancement of cost Engineering (AACE) International Recommended Practices 1 7R-97, 1 8R-97 & 56R-O8;
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Related to Class 3 Cost Estimate

  • Cost Estimate means the detailed projected expenditure, including material costs and overhead, equipment costs and overhead, labor costs and overhead, and all taxes associated with each major material and service component, required for a line extension. It shall also separately identify any incremental costs associated with providing premium services. The Company may, for the purpose of standardization, establish standard construction cost estimates, for basic or premium service plans, which shall not exceed, in any event, the average cost of constructing such line extensions in the area involved, in which case the term “cost estimate” as used in this section will be understood to mean the standard estimate thus established.

  • Current closure cost estimate means the most recent of the estimates pre- pared in accordance with § 265.142 (a), (b), and (c).

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • SF1-4 Intrinsic Loss Estimate means total losses under this Single Family Shared-Loss Agreement in the amount of eighteen million dollars ($18,000,000.00).

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Allowable Cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Estimated Value means the value of the Contract estimated under these Contract and Procurement Regulations.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Estimate means to be based on technical evaluation of the sources contributing to the discharge including, but not limited to, pump capabilities, water meters, and batch discharge volumes.

  • 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.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • 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.

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Cost Share means the member’s financial obligation for a covered service. Depending on the plan type, cost-share may include one or more of the following: deductible, copay, access fee, coinsurance, pharmacy deductible, and precertification charges.

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Maximum allowable cost list means a list of drugs for

  • Current Assessed Value means the assessed value of the District certified by the municipal assessor as of April 1st of each year that the District remains in effect.

  • 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.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of One hundred Sixty-eight million dollars ($168,000,000.00).

  • Loss Adjustment Expenses means all costs and expenses incurred by the Company in the investigation, adjustment and settlement of claims. Loss adjustment expenses include third-party costs as well as the Company’s internal expenses, including salaries and expenses of loss management personnel and certain administrative costs.