Gross Cost Contract definition

Gross Cost Contract means a contract whereby the procuring authority retains the right to receipt of passenger revenue and therefore carries the financial risk in respect of the level of passenger revenue received in respect of services provided under such contract;
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Gross Cost Contract means a contract whereby the procuring authority retains the
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Gross Cost Contract means a contract whereby the procuring authority retains the "Intellectual Property Rights"
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Examples of Gross Cost Contract in a sentence

  • As part of this plan, the Authority is deploying 310 (nos) Standard and Midi buses comprising three packages through the Gross Cost Contract with private operators selected through open competitive bidding.

  • SIGNED, SEALED AND DELIVERED BY: For and on behalf of BPTS BPTS, (Phone No.) Email: SIGNED, SEALED AND DELIVERED For and on behalf of by: ▇▇▇.▇▇: ********* Date: / /2017 To Kind Attn: Ms/Mr. (Authorized Signatory) Sub: Letter of Award (LOA) for Package - (Hiring of Services for Provision / Refurbishment, Operation and Maintenance City Buses for Managing Public Transport in Bhubaneswar – Puri – Cuttack on Gross Cost Contract Basis).

  • The BPTS has decided to provide Soft Loan pursuant to the provisions of this loan agreement, to the “Selected Bidder” through a competitive bidding vide RFP for Selection Of Bus Operator for Provision/Refurbishment, Operation and Maintenance of City Buses for Managing Public Transport in Bhubaneswar – Puri – Cuttack on Gross Cost Contract Basis, for faster procurement of New Buses of the quantity and specifications provided in the abovementioned RFP.

  • SIGNED, SEALED AND DELIVERED BY: For and on behalf of BPTS BHUBANESWAR PURI TRANSPORT SERVICES, (Phone No.) Email: SIGNED, SEALED AND DELIVERED For and on behalf of by: ▇▇▇.▇▇: ********* Date: To / /2017 Kind Attn: Ms/Mr. (Authorized Signatory) Sub: Letter of Award (LOA) for Package - (Hiring of Services for Provision / Refurbishment, Operation and Maintenance City Buses for Managing Public Transport in Bhubaneswar – Puri – Cuttack on Gross Cost Contract Basis).

  • Essentially, PPP in O&M of urban bus services involve the Public Authority contracting the Private Operator to operate and maintain the buses either through the (i) Gross Cost Contract (GCC) or the (ii) Net Cost Contract (NCC).

Related to Gross Cost Contract

  • Cost-reimbursement contract means a contract under which a contractor is

  • Services Contract means an agreement for the provision of Services entered into with a Provider by one or more of the Partners in accordance with the relevant Individual Scheme. Service Users means those individual for whom the Partners have a responsibility to commission the Services. SOSH means the Secretary of State for Health.

  • Multiphase professional services contract means a contract for the providing of professional

  • Project Contract means any Contract, excluding this Agreement and, as and when executed, the Ancillary Agreements [reserved], to which Seller is a party, or by which Seller or any of the Project Assets is bound, that relates to or has the primary purpose of supporting the Work or the Project, including, for the avoidance of doubt, any Contract pursuant to which Seller or any of its Affiliates is granted a real property or other interest in the Project Site (in whole or in part) or is licensed or granted the right to use, or holds or possesses, any Project Intellectual Property Rights.

  • Prime costs and “Prime cost sum” means the amount actually paid by the contractor for any article, commodity or special work and shall include all proper charges for packing, carriage and delivery to site, after deduction of all trade documents, rebates and allowances and the discount obtainable for cash insofar as such discount for cash exceeds 2½%.