Estimated Contract Value definition

Estimated Contract Value means a dollar amount specified by the bidding agency that corresponds to the expected value of work associated with a classification or trade. Estimated contract value shall be equal to the base bid where alternates are specified.
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Estimated Contract Value means the cost of construction as was estimated at the time of negotiation, commencement or award of any Insured Contract plus the amount of Principal Supplied Property (if any).
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Estimated Contract Value means the estimated total value of the work being tendered as determined by the Contracting Authority
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Examples of Estimated Contract Value in a sentence

  • The participating bidder should pay e-procurement Transaction Fee @ 0.03% on the estimated contract value i.e. Part ‘B’ of the work subject to prevailing ceiling amounts with GST online.Further, successful bidder has to pay e-procurement corpus fund at 0.04% of Estimated Contract Value i.e. Part ‘B’ of the work subject to prevailing ceiling amounts before entering in to the agreement.

  • Ex: if the bidder quotes 20% below ECV, then he has to pay ASD (Additional Security Deposit) of 10% of Estimated Contract Value on receipt of detailed order, along with performance security with in prescribed time, failing which the order will be cancelled and Bid Security forfeited.

  • The participating bidder should pay e-procurement Transaction Fee @ 0.03% on the estimated contract value of the work subject to prevailing ceiling amounts with GST online.Further, successful bidder has to pay e-procurement corpus fund at 0.04% of Estimated Contract Value of the work subject to prevailing ceiling amounts before entering in to the agreement.

  • Bid Security equivalent to 2% of Estimated Contract Value (ECV) by way of Demand Draft drawn in favour of “Superintending Engineer/OMC Circle/Sangareddy” payable at Hyderabad.

  • For all such contracts where the Estimated Contract Value is above £75,000 but below the relevant EU threshold, there is a requirement to take all reasonable steps to obtain at least five tenders.


More Definitions of Estimated Contract Value

Estimated Contract Value means the estimated value of the equipment and services for all phases of the Project (comprising the Initial Configuration and the Planned Network Expansion) payable under the Delivery Contract, being Euro 59,438,541."
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Estimated Contract Value means the estimated value of the equipment and services for all phases of the Project (comprising the Initial Configuration and the Planned Network Expansion) payable under the Delivery Contract, being Euro 60,548,303.
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Estimated Contract Value means, with respect to a PSS Order or customer contract with a Practice,an amount equal to the estimated aggregate of annual recurring revenue to Athena from such PSS Order or customer contract, such estimate to be calculated by Athena using the same methodology that Athena uses to calculate commissions for its internal sales force.
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Estimated Contract Value means the value of the Contract as estimated prior to the award of the contract at any time by the Consultant and approved by the Department.
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Estimated Contract Value. NINE HUNDRED NINETY THOUSAND” (990.000, 00€) without VAT. • CREDIT RESERVE FOR THE VALUE OF THE CONTRACT: FOUR HUNDRED FIFTY THOUSAND EUROS (€ 450.000, 00), without VAT. Xxxxx Xxxxxx Signat digitalment Barcelona, on the 26th of June 2019.
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Estimated Contract Value means the total estimated value of the contract before issuing the request for bids.
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Estimated Contract Value means the estimated contract value
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