Examples of Financial Loss in a sentence
Financial Loss $Q LQFUHDVH LQ WKH &RQWUD decrease in its income, to be demonstrated, insofar as this is market conforming and covered by the arranged insurance, where costs savings, the moment of inception of the increase of the expenses or the decrease of the income, and the manner of payment is taken into account, and where a negative Financial loss is set to zero, unless there is a Contracting Authority Change.
Critical Delay in Completion A delay in the Work that makes it impossible to avoid the Scheduled Completion Date being exceeded by more than the following number or Calendar Days without incurring a Financial Loss: (a) 7 Calendar Days; or in derogation from (a): (b) when the delay is the consequence of a Contracting Authority Default, a Contracting Authority Change or a Relevant Change in Law: 0 Calendar Days; determined according to the procedure as included in [z] of the Management Specifications.
Small Change A Change that shall result in an (expected) Financial Loss smaller than [z].