Class 4 Cost Estimate definition

Class 4 Cost Estimate means an estimate with an expected accuracy within -30% to
Class 4 Cost Estimate means an estimate with an expected accuracy of -30% to +60%;
Class 4 Cost Estimate means an estimate with an expected accuracy range within - 30% to +60%. This is estimate is typically associated with the feasibility study of definition;

Examples of Class 4 Cost Estimate in a sentence

  • Table 1 describes the characteristics of an Association for the Advancement of Cost Engineering (AACE) Class 4 Cost Estimate.3Table 1 DOE/NETL QGESS Class 4 Cost Estimate Description Estimate ClassSystem Code of AccountsThe costs are grouped according to a process/system-oriented code of accounts.

  • Approved Cost Reduction MOC ERL Actions AGDC will complete the necessary Major Project Management of Change (MOC) actions for Project changes that result from the 4Q2019 Fluor Class 4 Cost Estimate Update.

  • AGDC also evaluated the option to complete a technical program of approximately $25.45 million to complete technical MOC resulting from the Class 4 Cost Estimate Update, complete further cost reduction studies, and complete FEED Preparation to be in a position to issue FEED contracts by July 1, 2021.

  • CAPEX CalculationsThe CAPEX cost is based on the 4Q2019 Class 4 Cost Estimate Update value of $652 million for on-site power generation facilities.

  • Cost estimates will start with a Class 4 Cost Estimate and end with a Class 1 Cost Estimate.

  • That cost is based on the data utilized and developed during the Class 4 Cost Estimate Update to 4th Quarter 2019 (4Q2019) basis, commissioned by the Alaska Gasline Development Corporation (AGDC) and executed by Fluor Enterprises Inc.

  • CRITICAL STAGES D13.1 The Consultant shall achieve critical stages of the Services for this Contract in accordance with the following requirements:(a) Evaluation and Contract Award – February 2024(b) Schematic Design Package, Class 4 Cost Estimate – August 2024(c) Design Development Package, Class 3 Cost Estimate–January, 2025 (approximate date).

  • At this time, taxpayers should have developed the following deliverables that would signal sufficient project maturity to apply for a PER: Class 4 Cost Estimate (+/- 30%), Level 2 Schedule, Basis of Design including product specifications and plant capacity requirements, heat & material balance, utility balance, equipment list, preliminary P&IDs, plot plan, Risk Management Plan, Economic assessments, and SOW for FEED phase.

  • Manage alternative scenarios systematically, such as ongoing state equity participation, Project suspension/archive, and/or AGDC wind-down.AGDC has completed a Class 4 Cost Estimate update with support from Fluor Corporation and the approved project cost estimate has been provided to the joint commercial modeling team with Strategic Parties for economic evaluation.

  • FEI’s Improved Class 4 Cost Estimate Was Necessary and Reasonable for this Project‌ 11.


More Definitions of Class 4 Cost Estimate

Class 4 Cost Estimate means an estimate with an expected accuracy within -30% to+50%;

Related to Class 4 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.

  • 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.

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

  • 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).

  • Class A-2 Monthly Interest means (i) for the initial Distribution Date, $275,916.67, and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-2 Rate and (B) the outstanding principal balance of the Class A-2 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-2 Notes on or before such preceding Distribution Date).

  • Class A Monthly Interest shall have the meaning specified in subsection 4.02(a).

  • 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.

  • Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).

  • Class A-1 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, the product of (A) the actual number of days elapsed during the period from and including the preceding Distribution Date to but excluding such Distribution Date divided by 360, (B) the Class A-1 Rate and (C) the outstanding principal balance of the Class A-1 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-1 Notes on or before such preceding Distribution Date).

  • Class B Monthly Interest shall have the meaning specified in subsection 4.02(b).

  • Allocated Realized Loss Amount With respect to any Distribution Date and any Class of Mezzanine Certificates, the sum of (i) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (ii) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining unpaid from the previous Distribution Date.

  • 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.

  • Class C Monthly Interest is defined in Section 4.1(c).

  • Monthly Interest means, for any Payment Date, the sum of the Class A Monthly Interest, the Class B Monthly Interest and the Class C Monthly Interest for such Payment Date.

  • Modification Loss Amount With respect to each Payment Date, the excess, if any, of the aggregate Modification Shortfall over the aggregate Modification Excess for such Payment Date.

  • Class A-3 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-3 Rate and (B) the outstanding principal balance of the Class A-3 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-3 Notes on or before such preceding Distribution Date).

  • 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.

  • 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.

  • 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.

  • Equalized assessed value means the assessed value of a property divided by the current average ratio of assessed to true value for the municipality in which the property is situated, as determined in accordance with sections 1, 5, and 6 of P.L.1973, c.123 (C.54:1-35a through C.54:1-35c).

  • Deficiency Claim Amount has the meaning set forth in Section 5.5(a).

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • 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.