Estimated Change in Project Costs definition

Estimated Change in Project Costs means, in respect of any Relevant Event, the aggregate of any Change in Costs and/or (without double counting) Change in Revenue (as relevant);
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Estimated Change in Project Costs in respect of any Relevant Event the aggregate of any Change in Costs and/or Change in Revenue (as relevant); "Estimated Fair Value of the Contract" the amount determined in accordance with Clause 41.3 (No Retendering Procedure) that a third party would pay to the Authority as the market value of the Deemed New Contract [and on the assumption that a Consent under Section 27 Housing Act 1985 has been given in respect of any Management Agreement (as defined in Section 27) which the Deemed New Contract may constitute;
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Estimated Change in Project Costs means the aggregate of any estimated increased construction costs, operating costs and financing costs less the aggregate of any reduced construction costs, operating costs and financing costs taking into account the matters set out in Schedule 20 1(d) and in particular any change in revenue that results from the change;
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Examples of Estimated Change in Project Costs in a sentence

  • The Contractor shall use the Reference Price to produce the Estimated Change in Project Costs and, subsequently, the Change in Project Costs.

  • The Independent Technical Adviser shall comment on the Estimated Change in Project Costs and the Change in Project Costs within the time periods to be agreed by the Contractor and the Authority and specified in the appointment of the Independent Technical Adviser.

  • The Service Provider shall ensure that the performance risk involved in implementing the High Value Change and any interface risks involved in linking new services with the Service are reflected (depending on the risk profile of the High Value Change) in the Estimated Change in Project Costs and not priced separately over and above the Estimated Change in Project Costs.

  • Subject to Clause 23.6, following compliance by the Contractor of the requirements of Clause 23.4, then in the case of the Relief Amount being incurred by the Contractor, the Authority shall compensate the Contractor for the actual Estimated Change in Project Costs as adjusted to reflect the actual Relief Amount reasonably incurred.

  • Adjusting the Inputs Sub-hubco may make Input Adjustments to the extent required to reflect the Estimated Change in Project Costs arising out of the Relevant Event.

  • The Contractor shall not include any separate charge or fee payable to the Contractor or any sub-contractor of the Contractor in the costs included in the Estimated Change in Project Costs.

  • In particular the Benchmarking Report shall include full supporting evidence of the assumptions, source of market price and information and conclusions reached including: the methodology and all assumptions by which the Estimated Change in Project Costs was determined; assumptions made in respect of the Comparable Market; full details of sources of the information used including evidence as to reputation and independence of such sources; and such other details as the parties may agree.

  • The Service Provider shall use the Reference Price to produce the Estimated Change in Project Costs and, subsequently, the Agreed Change in Project Costs.

  • For the purposes of paragraph 2.2(a) of part 3 (Medium Value Changes) to schedule 25, the unit rates used in the calculation of the relevant Estimated Change in Project Costs shall be agreed at such time between the Contractor and the Authority and such rates shall reflect the applicable market rates at that time.

  • The Authority may refer the calculation of the Estimated Change in Project Costs and Agreed Change in Project Costs to Dispute Resolution if it considers that the principles ofClause 64.3 (Principles of Adjustment) have not been followed or have not been correctly interpreted.


More Definitions of Estimated Change in Project Costs

Estimated Change in Project Costs means in relation to Clause 5.2 (Delays in Service Commencement Due to a Compensation Event), Clause 12 (Change in Service) and Clause 13 (Change in Law), the aggregate of any estimated increased construction costs, operating costs and financing costs less the aggregate of any reduced construction costs, operating costs and financing costs;
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Estimated Change in Project Costs means the aggregate of any estimated increased Capital Expenditure, Operating Costs and financing costs less the aggregate of any estimated reduced Capital Expenditure, Operating Costs and financing costs (which may have a positive or a negative amount) other than any such costs or losses arising in respect of the Commercial Contracts; "Estimated Fair Value of the Agreement" means the amount determined in accordance with Clause 56.2 (No Retendering Procedure) that a Third Party would pay to the Authority as the market value of the Deemed New Agreement;
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Estimated Change in Project Costs means in relation to [Clause 34 – Schedule A] (Variations) the aggregate of any estimated increased construction costs, operating costs and financing costs less the aggregate of any reduced construction costs, operating costs and financing costs;
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Estimated Change in Project Costs means the aggregate of any estimated increased construction, operating, insurance and financing costs and loss of revenue less the aggregate of any estimated reduced construction, operating and financing costs and/or increase in revenue, which result directly from a Works Compensation Event, a Services Compensation Event, a Qualifying Change in Law or an Authority Change in terms of Clause 56 (Variations) (as the case may be) which costs:
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Estimated Change in Project Costs means in relation to paragraph 3 of Schedule
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Estimated Change in Project Costs means the aggregate of any estimated increase in construction costs, operating costs and financing costs less the aggregate of any estimated reduction in construction costs, operating costs and financing costs, in each case incurred in relation to the Works or the Airport Services. "EUR" or "Euros" means the lawful currency of the European Union and Montenegro.
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Related to Estimated Change in Project Costs

  • Qualified Project Costs means Project Costs that meet each of the following requirements: (i) the costs are properly chargeable to capital account (or would be so chargeable with a proper election by the Borrower or but for a proper election by the Borrower to deduct such costs) in accordance with general Federal income tax principles and in accordance with United States Treasury Regulations §1.103-8(a)(1), provided, however, that only such portion of interest accrued during rehabilitation of the Projects shall be eligible to be a Qualified Project Cost as is so capitalizable and as bears the same ratio to all such interest as the Qualified Project Costs bear to all Project Costs; and provided further that interest accruing after the date of completion of the rehabilitation of the Projects shall not be a Qualified Project Cost; and provided still further that if any portion of any of the Projects is being rehabilitated by an Affiliated Party (whether as a general contractor or a subcontractor), Qualified Project Costs shall include only (A) the actual out-of-pocket costs incurred by such Affiliated Party in rehabilitating the Projects (or any portion thereof), (B) any reasonable fees for supervisory services actually rendered by the Affiliated Party, and (C) any overhead expenses incurred by the Affiliated Party which are directly attributable to the work performed on the Projects, and shall not include, for example, intercompany profits resulting from members of an affiliated group (within the meaning of Section 1504 of the Code) participating in the rehabilitation of the Projects or payments received by such Affiliated Party due to early completion of the rehabilitation of the Projects; (ii) the costs are paid with respect to a qualified residential rental project or projects within the meaning of Section 142(d) of the Code, (iii) the costs are paid after the earlier of 60 days prior to the Inducement Date or the Closing Date, and (iv) if the Project Costs were previously paid and are to be reimbursed with proceeds of the Loan or the Bonds, such costs were (A) costs of issuance of the Issuer Note, (B) preliminary capital expenditures (within the meaning of United States Treasury Regulations §1.139-2(f)(2)) with respect to the Projects (such as architectural, engineering and soil testing services) incurred before commencement of the rehabilitation of the Projects that do not exceed twenty percent (20%) of the issue price of the Bonds (as defined in United States Treasury Regulations §1.148-1), or (C) were capital expenditures with respect to the Projects that are reimbursed no later than eighteen

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Total Project Cost means all the funds to complete the effort proposed by the Applicant, including DOE funds (including direct funding of any FFRDC) plus all other funds that will be committed by the Applicant as Cost Sharing.

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Direct Costs means the sum of the following:

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.