Cost Control definition

Cost Control. The government will evaluate the contractor’s effectiveness in forecasting, managing, and controlling actual costs in comparison to negotiated costs;  Schedule/Timeliness: The government will evaluate the contractor’s ability to meet negotiated milestones and delivery schedules;
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Examples of Cost Control in a sentence

  • Cost Control 40.1 The Bill of Quantities shall contain items for the construction, installation, testing, and commissioning work to be done by the Contractor.40.2 The Bill of Quantities is used to calculate the Contract Price.

  • Any difficulty in the use of ERA or its effect on any other established procedure shall be reported promptly to the departmental representative on the Project Estimates and Cost Control Committee.

  • CPARS elements such as Cost Control, Quality of services delivered, and Small Business Subcontracting efforts are typically evaluated by the Task Order issuing agency in a separate CPARS or another contract performance assessment report (See G.19.2).

  • If the issue raised is of general concern, it will be resolved at the Project Estimates and Cost Control Committee.

  • Cost Control Management: Contractor shall prepare, based upon Design Documents prepared by the Architect or Engineer and identified by the AOC, its own cost estimate of the total construction cost of the Project at several times, as specified in this SOW.

  • Cost Control GCC 38.7If the value engineering proposal is approved by the Procuring Entity the amount to be paid to the Contractor shall be _% (insert appropriate percentage.

  • Such Cost Control Report shall be submitted to the Sponsor on a monthly basis or such alternative interval as the Sponsor directs in writing.

  • The CONSULTANT shall notify the Sponsor of the results of those reviews in writing by submittal of a Cost Control Report.

  • The Consultant shall employ appropriate cost control techniques such as outlined in the National Public Works Conference Cost Control Manual and follow forms and procedures as the Principal may direct in order to ensure that project cost limitations as stated in the Contract are not exceeded.

  • They act as Installation Official Mail Managers, ensuring that the Official Mail Cost Control Program (OMCCP) works effectively.

Related to Cost Control

  • Management Control means the possession, directly or indirectly of the power to direct or cause the direction of the management and policies of the Concessionaire, whether through the ownership of voting securities, by contract or otherwise or the power to elect or appoint more than 50% (fifty percent) of the directors, managers, partners or other individuals exercising similar authority with respect to the Concessionaire.

  • Joint Control means a situation where a company has multiple promoters (but none of the shareholders has more than 50% of voting rights and paid up share capital).

  • area control service means air traffic control service for controlled flights in control areas;

  • Area Control Error or “ACE” shall mean the instantaneous difference between a Balancing Authority’s net actual and scheduled interchange, taking into account the effects of Frequency Bias and correction for meter error.

  • Medical control means a person who provides medical supervision to an emergency medical service provider.

  • Project Management Plan means the portion of the Project Development Plan providing the information requested in Section 4.2 of Exhibit B to the ITP.

  • Quality control means the total of all activities performed by the Design-Builder, Designer, Construction Inspection Professional Engineering Firm and the Materials Testing Firm or Laboratory, subcontractors, producers or manufacturers to ensure that the Work performed by the Design-Builder conforms to the Contract requirements. For design, Quality Control activities shall include, but not be limited to, procedures for design quality, checking, design review including reviews for constructability, and review and approval of Working Plans. For construction, Quality Control activities shall include, but not be limited to, procedures for materials handling and construction quality, inspection, sampling and testing of materials both on site and at the plant(s), field testing of materials, obtaining and verifying Materials Certifications, record keeping, and equipment monitoring and calibration, production process control, and monitoring of environmental compliance. Quality Control also includes documentation of all QC design and construction efforts. The Scope of Work to be performed as part of the Quality Control task may be changed after the RFQ Phase.

  • Construction management contract means a contract in which a party is retained by the owner to

  • Structural pest control means a use requiring a license under Chapter 14 (commencing with Section 8500), Division 3, of the Business and Professions Code.

  • Engineering control means the use of substitution, isolation, ventilation, and equipment modification to reduce exposure to SARS-CoV-2 virus and COVID-19 disease related workplace hazards and job tasks.

  • PJM Control Area means the Control Area recognized by NERC as the PJM Control Area.

  • Multiphase professional services contract means a contract for the providing of professional

  • air traffic control service means a service provided for the purpose of:

  • Stormwater management plan means the set of drawings and other documents that comprise all the information and specifications for the programs, drainage systems, structures, BMPs, concepts and techniques intended to maintain or restore quality and quantity of stormwater runoff to pre-development levels.

  • Service Control Point (SCP) is the node in the common channel signaling network that accepts Queries for certain Database services. The SCP is a real time database system that receives Queries from service platforms, performs subscriber or application-specific service logic, and then sends a Response back to the Query-originating platform. Such service platforms can be Service Switching Points (SSPs) or other network nodes capable of properly formatting and launching Queries.

  • Quality Management Plan means the portion of the Project Development Plan providing the information requested in Section 4.3 of Exhibit B to the ITP.

  • Operational Control means Security monitoring, adjustment of generation and transmission resources, coordinating and approval of changes in transmission status for maintenance, determination of changes in transmission status for reliability, coordination with other Balancing Authority Areas and Reliability Coordinators, voltage reductions and load shedding, except that each legal owner of generation and transmission resources continues to physically operate and maintain its own facilities.

  • aerodrome control service means air traffic control service for aerodrome traffic;

  • Safety Management System means a systematic approach to managing safety, including the necessary organisational structures, accountabilities, policies and procedures;

  • Site Control means that Seller (a) owns the Site, (b) is the lessee of the Site under a Lease, (c) is the holder of a right-of-way grant or similar instrument with respect to the Site, or (d) is managing partner or other Person authorized to act in all matters relating to the control and Operation of the Site and Generating Facility.

  • Stormwater management BMP means an excavation or embankment and related areas designed to retain stormwater runoff. A stormwater management BMP may either be normally dry (that is, a detention basin or infiltration system), retain water in a permanent pool (a retention basin), or be planted mainly with wetland vegetation (most constructed stormwater wetlands).

  • Data Controller shall have the same meaning as set out in the Data Protection Act 1998;

  • Control Area(s) means an electric power system or combination of electric power systems to which a common automatic generation control scheme is applied.

  • Services Contract means an agreement for the provision of Services entered into with a Provider by one or more of the Partners in accordance with the relevant Individual Scheme. Service Users means those individual for whom the Partners have a responsibility to commission the Services. SOSH means the Secretary of State for Health.

  • Air pollution control equipment means a mechanism, device, or contrivance used to control or prevent air pollution, that is not, aside from air pollution control laws and administrative regulations, vital to production of the normal product of the source or to its normal operation.

  • Stormwater management system means any equipment, plants,