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

  • Authority intends to use Electric Buses for its operations for promoting clean and green shared mobility on a Gross Cost Contract (GCC) basis through appointment of Electric Bus Fleet Operator.

  • 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.

  • Table 1: Risks and types of contract Risk on cost borne by Organising Authority Operator Risk on revenue borne by Organising Authority OperatorManagement contract :π~ = π0~s = s 0 + (r 0 − ~r )− (c0 − c~ )Gross Cost Contract :π~ = π 0 − (c 0 − c~ )~s = s 0 + (r 0 − ~r )Net Cost Contract :π~ = π 0 + (r 0 − ~r )− (c 0 − c~ )~s = s 0 π is the operator profit, s is the amount of subsidies, r correspond to the receipts and c represent the operating costs.

  • Dear Sir,[Being duly authorized to represent and act on behalf of (name of the Bidder)], having reviewed and fully understood all the requirements of the Request for Proposal dated [ ] (RFP) issued by BPTS for Package-2 :- Services for Provision, Operation and Maintenance of City Buses for Managing Public Transport in Bhubaneswar – Puri – Cuttack on Gross Cost Contract Basis, we hereby provide our Financial Proposal.

  • Subject: Submission of Financial Proposal for Package 2 – for Hiring of Services for Provision, Operation and Maintenance of City Buses for Managing Public Transport in Bhubaneswar – Puri – Cuttack on Gross Cost Contract Basis.

  • As part of this plan, the Authority is deploying 175 numbers of 900mm Midi buses (Bharat Stage VI Diesel buses)(AC and Non-AC) under LaccMI Scheme comprising one package through the Gross Cost Contract with private operators selected through open competitive bidding.

  • Since bidding is on the basis of Gross Cost Contract and rate quoted by bidder will be per km basis, in order to have level playing field for all operators who wish to have different technology of charging of vehicles, entire cost of charging infrastructure including cost of charging equipments, required necessary transformer and other civil cost for installation of required charging infrastructure for charging of buses have to be incurred by operator/OEM.

  • Subject: Submission of Financial Proposal for Package 1 – for Hiring of Services for Provision, Operation and Maintenance of City Buses for Managing Public Transport in Bhubaneswar – Puri – Cuttack on Gross Cost Contract Basis.

  • As a pre-condition, the second phase necessitates STUs to adopt a wet lease Gross Cost Contract model for bus operations.

  • During the agreement period, the selected Bus Operator(s) shall operate and maintain the buses on the specified routes on Gross Cost Contract (GCC) model.Under this Package, the Operator is expected to make available “Annual Assured Fleet” (a particular proportion of the fleet in good condition for operations) at all times.

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 between the District or the Corporation and any contractor or vendor regarding the construction, production or other acquisition or installation of any part of an Acquisition Project.

  • 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.

  • 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%.

  • 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.

  • Direct Costs means the sum of the following:

  • Service Costs has the meaning ascribed thereto in Section 3.01.

  • Construction management contract means a contract in which a party is retained by the owner to

  • Cost-plus-a-percentage-of-cost contract means a contract under which the contractor is paid a percentage of the total actual expenses or costs in addition to the contractor's actual expenses or costs.

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • Construction Services Agreement (CSA) means the Construction Services Agreement, together with any duly authorized and executed amendments hereto.

  • Smart contract means a computer program stored in an electronic ledger system wherein the outcome of the execution of the program is recorded on the electronic ledger;

  • transport contract means a contract of carriage for reward or free of charge between a railway undertaking or a ticket vendor and the passenger for the provision of one or more transport services;

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • 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.

  • Construction Service Agreement means either an Interconnection Construction Service Agreement or an Upgrade Construction Service Agreement.

  • 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.

  • Original contractor means a person, including an owner-builder, that contracts with an owner to provide preconstruction service or construction work.

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

  • Transportation Service Agreement means the contract between KUB and the Customer whereby KUB agrees to provide transportation gas service to the Customer.

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.

  • Financeable Costs means the amount of expenditure for an Improvement which has been duly authorized by action of the governing body of the Issuer to be financed by general obligation bonds, less: