EPC Price definition

EPC Price means the maximum sum payable by Company as stated in Section 7.1 for all labor, all materials, all equipment, and the Warranty, which sum shall be due in accordance with the terms of the Contract Documents as consideration for the timely performance of the Statement of Work to be performed by or through Contractor on a “turn-key” basis in order to complete the Project (excluding the Service Package Extension Fees), all in strict accordance with the terms of the Contract Documents, which maximum sum is guaranteed by Contractor not to exceed the amount set forth in Section 7.1, which sum shall only be subject to adjustment in accordance with the Contract Documents. “ESS” means the electric energy storage system, including Software, to be located on the Property Site as more particularly described in the Statement of Work. “Equipment” means all of the equipment, materials, apparatus, structures, tools, supplies, goods and other items provided by Contractor and its Subcontractors and Vendors (or by Company pursuant to Section 3.1) that are installed or incorporated into the ESS or otherwise form or are intended to form part of the Work or the ESS (other than Contractor Equipment). “Equipment Tests” means the tests further described in Exhibit A. “Exempt Equipment” has the meaning set forth in Section 3.27(b). “Facilities” means the energy storage system, including Software and balance of plant, to be located on the Property Site as more particularly described in the Statement of Work. “Final Acceptance” shall mean that all of the following have occurred: [*****]; and (xiii) Company has approved of and signed the Final Acceptance Certificate pursuant to Section 10.5.
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EPC Price shall have the meaning assigned to it in Section 7.1.
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EPC Price means the maximum sum payable by Company as stated in Section 7.1 for all labor, all materials, all equipment, and the warranty, which sum shall be due in accordance with the terms of the Contract Documents as consideration for the timely performance of the Statement of Work to be performed by or through Contractor on a “turn-key” basis in order to complete the Project (excluding the Post-Warranty Maintenance Fee, Extended Warranty Fee and Availability Guarantee Fee), all in strict accordance with the terms of the Contract Documents, which maximum sum is guaranteed by Contractor not to exceed the amount set forth in Section 7.1, which sum shall only be subject to adjustment in accordance with the Contract Documents.
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Examples of EPC Price in a sentence

  • The minimum decrement step for e-Auctioning is Rs. 2,00,000/- in EPC Price bid (Firm value of the financial proposal as the sum of individual bid value of supply, erection and civil works including all Taxes and Duties), i.e. each decrement shall be in multiples of Rs. 2,00,000/- only.

  • After the bid validity period on April 20, 2007, KSPC has agreed to enter into an EPC Contract amendments and accepted final re-quotations of the bid price at an EPC Price of US$312.304 Million due to the sharp increase of prices affecting the EPC cost.

  • Ensure sustainable hunting6 where practised (at present in Norway and Denmark) and following ‘wise use’7 principals, whilst ensuring that crippling rates are kept at a minimum level.

  • The engineering, procurement and construction price is approximately$892 million, in the aggregate, subject to customary potential adjustments for changes in the work (the "Total EPC Price.").

  • In case biding company does not meet financial criteria (Turn over) in such case – Support of Holding Company shall be allowed with additional 5% BG (5% of EPC Price) from holding company.

  • At the end of the e-RA, the final discount offered by the bidder, in the form of price reduction so offered on the EPC & NPV value of O&M price, shall be applied proportionately to all of the Price Bid items price (EPC Price + NPV of O&M price) quoted by the bidder initially in the financial bid.

  • Appropriateness of the Price1.1. Price Proposal for improvement of voltage and construction of the 230/500 kV Nabong Substation by CHK1.1.1. EPC Price Proposal by CHKTotal value of improvement of voltage and construction of the 230/500 kV Nabong Substation shall not exceed Baht 799,850,000 + USD 39,113,320 (exclusive of VAT) = Totaling of Baht 2,192.3014 million.

  • Summary of the comparison is as follows:Equipment Costs OnlyPrice Proposal by CHKRemark: 1/ The weighted average interbank foreign exchange rate of USD/Baht 35.60 as of March 2, 2016 (www.bot.or.th) The EPC Price provided by CHK dated February 10, 2015 for the equipment is about 12% lower than the estimated costs provided by TEAM since 2014.

  • Evaluated Bid Value (EBV) =EPC Cost + NPV of each year O&M Price of 20 years∑AEP of 20 years Note: Pl refer Annexure IX for sample Bid evaluation Illustration Financial evaluation of the bids and ranking shall be carried out by calculating levelised cost of generation from sum of Total EPC Price and NPV of 20 years O&M charges divided by AEP as illustrated in Annexure – IX of this RFP.

  • Thus, this price is considered reasonable for the installation of the site and maintenance of the site for a construction period.CapAd views that the proposal price for the civil works by CHK amounting to Baht 231.55 million is accounted for 10.6% of total EPC Price, which is around Baht 2,192.30 million.


More Definitions of EPC Price

EPC Price means the lumpsum price accepted by the Purchaser and incorporated in the Letter of Intent for the entire scope of the Works, which implies the all inclusive value including Customs Duty and other Taxes& Duties, Packing, Forwarding, Freight & Insurance charges
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Related to EPC Price

  • Final Price means (a) in the case of any Terminated Obligation, the amount determined pursuant to Clause 4, and (b) in the case of any Repaid Obligation, the amount determined pursuant to Clause 5, and

  • Minimum Sale Price means (i) with respect to a Receivable (x) that has become 60 to 210 days delinquent or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has been repossessed by the Servicer and has not yet been sold at auction, the greater of (A) 55% multiplied by the Principal Balance of such Receivable and (B) the product of the three month rolling average recovery rate (expressed as a percentage) for the Servicer in its liquidation of all receivables for which it acts as servicer, either pursuant to this Agreement or otherwise, multiplied by the Principal Balance of such Receivable or (ii) with respect to a Receivable (x) with respect to which the related Financed Vehicle has been repossessed by the Servicer and has been sold at auction and the Net Liquidation Proceeds for which have been deposited in the Collection Account, or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has not been repossessed by the Servicer despite the Servicer’s diligent efforts, consistent with its servicing obligations, to repossess the Financed Vehicle, $1.

  • SAFE Price means the price per share equal to (x) the Valuation Cap divided by (y) the Fully Diluted Capitalization.

  • Target Price means the estimated amount payable to the Contractor for the performance of the Work under a Cost Plus Fixed Fee (CPFF) Contract.

  • Ask Price means the price at which the Company is willing to sell a CFD.

  • Catalog price means a price included in a catalog, price list, schedule, or other form that is regularly maintained by the manufacturer or vendor, is either published or otherwise available for inspection by customers, and states prices at which sales are currently, or were last, made to a significant number of buyers constituting the general public; and

  • Base Price means the price to be used as the basis for determining the Spread upon the exercise of an Appreciation Right.

  • Initial Price or “Initial Offer” means the price per Unit on the first day of the Initial Period determined by the Management Company.

  • Supply Price has the meaning set forth in Section 6.2.

  • Strip Price means, at any time, (a) for the remainder of the then-current calendar year, the average NYMEX Pricing for the remaining months in such calendar year, (b) for each of the succeeding three complete calendar years, the average NYMEX Pricing for the twelve months in each such calendar year, and (c) for the succeeding fourth complete calendar year and each calendar year thereafter, the average NYMEX pricing for the twelve months in such fourth calendar year.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.

  • ex-works price means the price paid for the product ex works to the manufacturer in the EU or in a SADC EPA State in whose undertaking the last working or processing is carried out, provided the price includes the value of all the materials used, minus any internal taxes paid which are, or may be, repaid when the product obtained is exported;

  • The Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.

  • Closing Sale Price means, for any security as of any date, the last closing trade price for such security on the Principal Market, as reported by Bloomberg, or, if the Principal Market begins to operate on an extended hours basis and does not designate the closing trade price, then the last trade price of such security prior to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading market for such security, the last trade price of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing does not apply, the last trade price of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no last trade price is reported for such security by Bloomberg, the average of the ask prices of any market makers for such security as reported in the “pink sheets” by OTC Markets Group Inc. (formerly Pink Sheets LLC). If the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Sale Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved in accordance with the procedures in Section 13. All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during such period.

  • Unit Price means an amount stated in the Bid for which Bidder offers to perform the Unit Price Work for a fixed price per unit of measurement.

  • Cash sale price means the price of a good or service a retail buyer would pay if he or she paid for the good or service in cash, and that is stated in a retail installment contract or in a sales slip or other memorandum furnished by a retail seller to a retail buyer pursuant to a retail charge agreement for that good or service. The cash sale price may include any taxes and charges for delivery, installation, servicing, repairs, alterations, or improvements.

  • Re-Price means that the Company has lowered or reduced the Exercise Price of outstanding Options and/or outstanding SARs for any Participant(s) in a manner described by SEC Regulation S-K Item 402(d)(2)(viii) (or as described in any successor provision(s) or definition(s)).

  • Initial Reference Price means the official closing price of the Underlying Share on Strike Date.

  • Unit Price Work means the Work, or a portion of the Work, paid for based on incremental units of measurement.

  • Common Unit Price has the meaning specified in Section 2.1(b).

  • Product Price has the meaning set forth in Section 1.04.

  • Minimum Price shall have the meaning set forth in Section 7.2(b)(ii).

  • Auction Final Price means the relevant auction final price that may be published by ISDA or any administrator of any auction coordinated by ISDA from time to time and that would be applicable to the senior, unsecured debt obligations issued or guaranteed by the relevant

  • Basic Prices means the prices for the specified materials prevailing on the date 28 days prior to the latest date for submission of Tenders.

  • Nodal Reference Price at each location shall mean the 97th percentile price differential between day-ahead and real-time prices experienced over the corresponding two-month reference period in the prior calendar year. Reference periods will be Jan-Feb, Mar-Apr, May- Jun, Jul-Aug, Sept-Oct, Nov-Dec. For any given current-year month, the reference period months will be the set of two months in the prior calendar year that include the month corresponding to the current month. For example, July and August 2003 would each use July- August 2002 as their reference period. No-load Cost: