Cost Reduction Proposal definition

Cost Reduction Proposal means aproposal that recommends alternatives to the established procedures or organizationalsupport of a contract or group of contracts.These alternatives must result in a netreduction of contract cost and price to NASA. The proposal will include technical and cost information sufficient to enable theContracting Officer to review the CRP andapprove or disapprove it. The contractor may propose changes in other activities thatimpact performance on their contract, to include Government and other contractoroperations, if such changes will optimize cost savings on their contract. A contractor shallnot be entitled to share, however, in any cost shavings that are internal to the Government, or which result from changes made to anycontracts to which they are not a party even if those changes were proposed as a part of their CRP.
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Examples of Cost Reduction Proposal in a sentence

  • The Contractor will be paid a Cost Savings Incentive Fee under the approved Cost Reduction Proposal (CRP) submitted in accordance with the Contract’s Section I Clause entitled “DEAR 970.5215-4, Cost Reduction”.

  • They do not include the normal administrative costs of reviewing and processing the Cost Reduction Proposal.

  • Cost savings, as contemplated by this clause, mean savings that result from instituting changes to the covered BPA, as identified in an approved Cost Reduction Proposal.

  • For the purposes of this clause, a Cost Reduction Proposal means a proposal that recommends alternatives to the established procedures and/or organizational support of a contract or group of contracts.

  • For the purposes of this clause, a Cost Reduction Proposal means a proposal that recommends alternatives to the established procedures and/or organizational support of a BPA or group of BPAs. These alternatives must result in a net reduction of BPA cost and price to NRC.

  • The Timeline of Projected Cost Savings will be the basis for the Cost Reduction Proposal (hereinafter referred to as the CRP) for the term of this Contract, and be subject to the requirements of this Clause.

  • A contractor may propose an alternate method of construction for approval by the EOR/owner as part of the Cost Reduction Proposal provisions in SP 00140.70 of the Oregon Standard Specifications for Construction.

  • They do not include the normal ad- ministrative costs of reviewing and proc- essing the Cost Reduction Proposal.

  • A completed Cost Reduction Proposal Form should be submitted by suppliers for each proposal, by individual part number.

  • The Cost Reduction Proposal shall be reviewed between the parties and followed up, according to the agreed process.

Related to Cost Reduction Proposal

  • Alternative Proposal has the meaning set forth in Section 6.2(b).

  • Project Proposal has the meaning set forth in Section 2.2(b).

  • Acquisition Proposal has the meaning set forth in Section 5.03(a).

  • Transaction Proposal has the meaning specified in Section 8.02(c).

  • approved proposal means a proposal approved or deemed to be approved under this Agreement;

  • Proposal means the Technical Proposal and the Financial Proposal of the Consultant.

  • Superior Acquisition Proposal means a bona fide Acquisition Proposal made by a third party for one or more of the McNeil Partnerships which the general partner of each such McNeil Partnership determines in good faith to be more favorable to the limited partners of such McNeil Partnership from a financial point of view than the Mergers and the other transactions contemplated by this Agreement with respect to such McNeil Partnership, and which such general partner determines in good faith is reasonably likely to be consummated.

  • Alternative Transaction Proposal means any proposal, offer, inquiry or contact with respect to an Alternative Transaction.

  • Unsolicited proposal means a written proposal for a public-private initiative that is submitted by a private entity for the purpose of entering into an agreement with the department but that is not in response to a formal solicitation or request issued by the department.

  • Request for Proposal (RFP means the solicitation document issued by Purchasing to potential vendors for the purchase of equipment, supplies, and/or services as described in the document. The definition includes these Terms and Conditions as well as all Pricing Pages, Exhibits, Attachments, and Addendums thereto.

  • Request for Proposals (RFP means all documents, including those attached or incorporated by reference, used for soliciting proposals.

  • Responsive Proposal means a Proposal that complies with the material provisions of this RFP.

  • Transaction Proposals has the meaning set forth in Section 5.8.

  • Alternative Restructuring Proposal means any inquiry, proposal, offer, bid, term sheet, discussion, or agreement with respect to a sale, disposition, new-money investment, restructuring, reorganization, merger, amalgamation, acquisition, consolidation, dissolution, debt investment, equity investment, liquidation, tender offer, recapitalization, plan of reorganization, share exchange, business combination, or similar transaction involving any one or more Company Parties or the debt, equity, or other interests in any one or more Company Parties that is an alternative to one or more of the Restructuring Transactions.

  • Technical Proposal means the Contractor’s Technical Proposal dated (Technical Proposal date).

  • Request for Proposal or “RFP” means all documents, including those attached or incorporated by reference, used for soliciting proposals.

  • Change Proposal means a proposal for a Change Order submitted by the Design/Builder to the Owner, either at the request of the Owner, or at the Design/Builder's own initiative.

  • Ballot proposition means a question, issue, or proposal that is submitted to voters

  • Indirect cost rate proposal has the same meaning as in 44 Ill. Admin. Code Part 7000.

  • Superior Proposal has the meaning set forth in Section 5.09(a).

  • Proposal / Bid means the technical proposal and the commercial/financial proposal.

  • Eligible Proposal means a Proposal that meets or exceeds the prescribed requirement, proceeding to the next stage of evaluation;

  • Competing Proposal shall have the meaning set forth in Section 6.6(f)(i).

  • Company Acquisition Proposal means any proposal for a merger or other business combination involving the Company or the acquisition of any equity interest in, or a substantial portion of the assets of, the Company, other than the transactions contemplated by this Agreement.

  • Financial Proposal means the Contractor’s Financial Proposal dated (Financial Proposal date).

  • Bid Proposal or “Proposal” means the bidder’s proposal submitted in response to the RFP.