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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Examples of Contract savings in a sentence

  • The Contractor is entitled to share in instant Contract savings only, to the full extent provided for in this Article.

  • Agencies are reminded that they must provide the State Contractor an opportunity to match the non- Contract savings at least two business days prior to purchase.

  • It is interesting to emphasize that a lubricant effect can exist while FTIR experiment shows no surfactant adsorption within 60 minutes.Figure 3.

  • Its direction of travel could significantly affect the Council’s financial position.Going forward the Council will revisit the Transformation Programme and a particular issue here will be the impact of delivering the Leisure Contract savings reported to Cabinet in February 2020.

  • Agencies are reminded that they Must provide the State Contractor an opportunity to match the non- Contract savings at least two business days prior to purchase.

  • The term does not include the normal administrative costs of processing the DUF6 Contractor’s proposal or any increase in this Contract’s cost or price resulting from negative Contract savings (see below).

  • They do not include the normal administrative costs of processing the VECP.Instant Contract savings - The estimated reduction in Contractor cost of performance resulting from acceptance of the VECP, minus allowable Contractor's development and implementation costs (including subcontractor's development and implementation costs).

  • A non-refundable charge of $35 per non-resident player will be billed to the Recreation Association at the end of the season.

  • Contract savings premiums and housing allowances are allocated under the budget titles of either finance or social affairs ministries.

  • The Contractor may submit Value Engineering Change Proposals (VECP) for changes that the Contractor believes will result in instant Contract savings of at least fifty thousand dollars ($50,000.00).


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

  • 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.

  • Contract Schedule means a schedule to this Contract;

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • Basic generation service or "BGS" means electric generation

  • TIP is the Tax Indemnity Payment, before the deduction of applicable federal, state and local withholding taxes;

  • input service means any service used or intended to be used by a supplier in the course or furtherance of business;