ITMC Proposal definition
ITMC Proposal means [the Contractor’s tender forming Schedule Part 4 to this Agreement]. [It will provide sufficient data, analysis and ranges of potential solutions in a format specified in the ITMC to enable the Authority to select the Most Economically
ITMC Proposal means [the Contractor’s tender forming Schedule Part 4 to this Agreement]. [It will provide sufficient data, analysis and ranges of potential solutions in a format specified in the ITMC to enable the Authority to select the Most Economically Advantageous Tender. This could include the Bidders’ high level commercial offers of Guaranteed Energy Cost Performance; Contract Sum; Net Present Value; Project Plan; an outline Measurement and Verification Plan; and the cost of carrying out the Investment Grade Proposal (subject to the maximum fixed fee values agreed under the Framework Agreement) and, in the case of DBFM contracts, the Annual Payment and Contract Term];