Estimated Cost definition

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

Estimated Cost means the cost of entire work to tender .

Estimated Cost means the cost of work or works as estimated on the basis of the tendered rate or rates agreed to between the parties of the contract.

Examples of Estimated Cost in a sentence

• Upon completion of this preliminary engineering and design work, Company shall provide the Customer with a revised Estimated Cost of Work (+/- 25%) , and, following delivery of such revised Estimated Cost of Work, shall suspend Work pending Customer’s delivery of its Consent to Proceed.

• The Estimated Cost of Work, including any revisions thereto, is an estimate only.

• The Estimated Cost of Work (and any revisions thereto) and any other estimates provided under or in connection with this Agreement or the Work shall not limit Customer’s obligation to pay Company for all Company Reimbursable Costs actually incurred by Company and/or its affiliates.

• However, as long as the total Company Reimbursable Costs do not exceed the Estimated Cost of Work, then items of defective Work identified by the Customer prior to completion of the Work that Company reasonably determines need to be re-performed in order to comply with the standards in this Section 3.2 shall be completed or re-performed subject to reimbursement of all costs associated therewith as part of Company Reimbursable Costs.

• Prior to completion of the Work, Customer shall have the right to notify the Company in writing of the need for correction of defective Work that does not meet the standards of this Section 3.2 and the Company shall promptly complete, correct, repair or replace such defective Work, as appropriate, at no added cost to the Customer if the previously incurred total Company Reimbursable Costs are equal to or in excess of the Estimated Cost of Work.

More Definitions of Estimated Cost

Estimated Cost means estimated cost put to tender for inviting financial bid from the Architect firms/Consultant for Architectural planning, designing and detailing.

Estimated Cost. To be cited in each individual task order" Fixed Fee: "To be cited in each individual task order" Applies to Cost-Plus-Fixed-Fee CLIN(s) only.

Estimated Cost means estimated cost of an Item, as specified in clause 2 of the Bidding Documents;

Estimated Cost means the cost of the labor, material, and equipment necessary for construction of the contemplated project.

Estimated Cost means the total cost of constructing Works and Services estimated by the Owner’s Consulting Engineer and approved by the Village Engineer;

Estimated Cost means the anticipated cost of a public work, as determined by the City, based upon the expected costs of materials, supplies, equipment, and labor, but excluding taxes and contingency funds.

Estimated Cost means estimated cost put to tender for inviting Financial Bid from the interested Bidders.