Estimated Contract Sum definition

Estimated Contract Sum means Construction Manager’s preliminary estimate of the Contract Sum generated during the Project’s preconstruction phase for Owner’s use during Project planning.
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Estimated Contract Sum means the total amount payable over the Contract Period as specified in Schedule 2.
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Estimated Contract Sum means the estimated total amount payable by the
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Examples of Estimated Contract Sum in a sentence

  • Construction Manager shall include with its Estimated Contract Sum preliminary Construction Schedules for Owner Parties’ review.

  • Construction Manager shall also estimate and inform Owner Parties of affects such alternative schedules might have on the Estimated Contract Sum and Target GMPs.

  • Construction Manager shall assist Owner to refine its proposed budgets, including by generating and delivering to Owner Parties its Estimated Contract Sum, utilizing area, volume, or similar conceptual estimating techniques, and shall refine the Estimated Contract Sum based on Owner Parties’ changes during Project planning until Owner approves a Project budget and Owner Parties set each Target GMP.

  • For the avoidance of doubt, Air Selangor and/or Air Selangor Group shall not be obliged to fulfil the Estimated Contract Sum.

  • SUM INSURED: Section One - Contract Works The Estimated Contract Sum Section Two - Third Party Liability HK$100,000,000 any one occurrence/unlimited in the aggregate during the Period of Insurance.

  • Most often the tendering process was usually shrouded in mystery and the “Engineers Estimate”, the Estimated Contract Sum as Determined by the Consultant became an object of contest among tenderers.

  • The Owner shall pay the Contractor for the performance of the Work included under this Contract subject to additions and deductions by Change Order as provided in the General Provisions of the Contract.The Estimated Contract Sum of: ($ ) The final payment shall be based on the actual constructed quantities of Work and the Contract Unit Prices.

  • The Saxendrift mine was acquired in April 2008 by Rockwell through a transaction with the TransHex Group (see the MORO Agreement below).

  • Estimated Contract Sum The estimated Contract sum is RM45,704,717.00 (Ringgit Malaysia: Forty Five Million Seven Hundred Four Thousand and Seven Hundred Seventeen Only).

  • Contract Sum (Estimated): ______________________________________Dollars ($ ) It is understood andagreed that the Estimated Contract Sum is based upon the upon the quantities specified in the Pricing Schedule below.


More Definitions of Estimated Contract Sum

Estimated Contract Sum means the total amount payable over the Contract Period as specified in Part 1 of Schedule 2.
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Related to Estimated Contract Sum

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Contract Sum means the sum named in the letter of acceptance including Physical contingencies subject to such addition thereto or deduction there-from as may be made under the provisions hereinafter contained.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Estimated Costs means costs estimated by the Authority as likely to be:

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Cost Estimate means the detailed projected expenditure, including material costs and overhead, equipment costs and overhead, labor costs and overhead, and all taxes associated with each major material and service component, required for a line extension. It shall also separately identify any incremental costs associated with providing premium services. The Company may, for the purpose of standardization, establish standard construction cost estimates, for basic or premium service plans, which shall not exceed, in any event, the average cost of constructing such line extensions in the area involved, in which case the term “cost estimate” as used in this section will be understood to mean the standard estimate thus established.

  • Estimated Construction Cost or “ECC” means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.

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

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

  • Estimated Cash has the meaning set forth in Section 2.4(a).

  • Total Contract Price means the total set out in "Tender Document Form: Contract Prices".

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • Contract Schedule The list (as such list may be amended from time to time) identifying each Contract constituting part of the corpus of the Trust Fund as of the Cut-off Date, and which (a) identifies each Contract as either a Fixed Rate Contract or Adjustable Rate Contract and by contract number and name and address of the Obligor and (b) sets forth as to each Contract (i) the unpaid principal balance as of the related Transfer Date determined by giving effect to payments received prior to the related Transfer Date, (ii) the amount of each scheduled payment due from the Obligor, and (iii) the APR.

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • training allowance means an allowance (whether by way of periodical grants or otherwise) payable—

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Original contract price means the award price of the contract; or, for requirements contracts, the price payable for the estimated total quantity; or, for indefinite-quantity contracts, the price payable for the specified minimum quantity. Original contract price does not include the price of any options, except those options exercised at the time of contract award.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Training Costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • 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.

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

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