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

  • 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.

  • 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.

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

  • 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).

  • Procurement Savings Contract savings targets for financial years 2017-2018 and 2018-2019 have been achieved, and it is expected that procuring services will agree and support further, increased, savings targets to be set for future financial years.

  • 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).

  • The Director of Operations and Business Manager discussed the use of air conditioners in the District’s schools; specifically, their effect on Performance Contract savings.

  • In the interests of amenity and crime safety in accordance with Policy 8 of the North Northamptonshire Joint Core Strategy.

  • The Contractor shall share in any Contract savings realized from accepted VECP.

  • The Contractor's share of savings is determined by subtracting Government costs from instant Contract savings and multiplying the result by (i) 55 percent for fixed- price contracts or (ii) 25 percent for cost-reimbursement contracts.


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

  • Energy savings performance contract means a contract under which the rate of payments is based upon energy and operational cost savings and a stipulated maximum energy consumption level over the life of the contract.

  • Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings Plan, as amended from time to time, together with any similar, succeeding or substitute plan.

  • Capitation means the reimbursement arrangement in which a fixed rate of payment per Enrollee per month is made to the Contractor for the performance of all of the Contractor’s duties and obligations pursuant to this Contract.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Contract Schedule means a schedule to this Contract;

  • Guaranteed energy savings contract means a contract that includes all of the following:

  • Individualized service plan means a plan prepared by a

  • 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.

  • Plan for moderate income housing means a written document adopted by

  • 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.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • energy service means the physical benefit, utility or good derived from a combination of energy with energy-efficient technology or with action, which may include the operations, maintenance and control necessary to deliver the service, which is delivered on the basis of a contract and in normal circumstances has proven to result in verifiable and measurable or estimable energy efficiency improvement or primary energy savings;

  • Basic generation service or "BGS" means electric generation

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • Distribution Service means the delivery of electricity to Customers by the Distribution Company.

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

  • Contract Sales Price means the total consideration received by the Company for the sale of an Investment.

  • Medical savings account means an account exempt from federal income taxation pursuant to Section 220 of the United States Internal Revenue Code (26 U.S.C. § 220).

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

  • Generation Service means the sale of electricity, including ancillary services such as the provision of reserves, to a Customer by a Competitive Supplier.

  • Testing service means a national testing service selected by the board.