Examples of Cost Cap in a sentence
If the Developer elected not to submit a Cost Cap, the ISO will rely on its independent consultant to estimate the total capital cost of the Developer’s Public Policy Transmission Project.
If the Developer’s soft Cost Cap for the Included Capital Costs is below the amount estimated by the ISO’s independent consultant, the ISO will calculate an adjusted value for the Included Capital Costs.
If the Developer’s soft Cost Cap for the Included Capital Costs is above the amount estimated by the ISO’s independent consultant, the ISO will rely on the Developer’s amount for the Included Capital Costs to calculate the total capital cost of the Developer’s Public Policy Transmission Project.
The latest actuarial valuation of the TPS was carried out as at 31 March 2012 and in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014.
Valuation of the Teachers’ Pension SchemeThe Government Actuary, using normal actuarial principles, conducts a formal actuarial review of the TPS in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014 published by HM Treasury every 4 years.