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.)
Contract savings. , as used in this clause, means the estimated reduction in Contract amount resulting from acceptance of the VECP.
Contract savings means the estimated reduction in the Contractor’s cost of performance resulting from the Tribe/TDHEs acceptance of the VECP.
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.