Contract savings definition

Contract savings means the estimated reduction in Contractor cost of performance resulting from acceptance of the VECP, minus allowable Contractor's development and implementation costs (including Subcontractors' development and implementation costs). (See subparagraph 7.)
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Contract savings. , as used in this clause, means the estimated reduction in Contract amount resulting from acceptance of the VECP.
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Contract savings means the estimated reduction in the Contractor’s cost of performance resulting from the Tribe/TDHEs acceptance of the VECP.
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More Definitions of Contract savings

Contract savings means the amount, if any, by which a bid accepted for each major subcontract element identified in the Project Budget is less than the amount for the major subcontract element in the Project Budget, plus the amount of unused Stated Contingency as of the Final Completion of the Public Facilities District Improvements.
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Related to Contract savings

  • Cost Savings has the meaning assigned to it in the definition of “Consolidated EBITDA”.

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;

  • Contract Services means the Services to be supplied by the Supplier to the Customer as set out in the Letter of Appointment;

  • Contract Sum means the sum named in the letter of acceptance including Physical contingencies subject to such addition thereto or deduction there-from as may be made under the provisions hereinafter contained.

  • Air contract service means an air carrier operation available only to customers