Major Item definition

Major Item. - means any individually bid Tender item that has an actual value, calculated on the basis of its actual or estimated tender unit price, equal to or greater than 5 percent of the total tender value, calculated on the basis of the total of all the estimated tender quantities and the tender unit prices.
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Major Item means any individually bid item that has an actual cost, calculated on the basis of its actual or estimated tender quantity, whichever is the larger, and the unit price bid, equal to or greater than 5% of the total tender cost, calculated on the basis of the total of all the estimated quantities and the unit prices bid.
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Major Item. Major Item" shall be construed to be any individual bid item incurred in the bid that has a total cost equal to or greater than five percent (5%) of the total contract cost, computed based on the bid quantities and the contract unit price.
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Examples of Major Item in a sentence

  • Any item that was identified as a Major Item in the original contract documents is still considered a Major Item, regardless of the change in quantity or price due to the VECP.All significant changes shall be agreed upon prior to formal VECP approval.

  • When the quantity of work to be done under any Major Item of the Contract is more than 125% of the original quantity stated in the Contract, then either party to the Contract may request an adjustment to the unit price on the portion of the work that is above 125%.

  • When the actual quantity of piling increases or decreases more than 25 percent of the original pay item quantity, whether or not such item has been designated as a Major Item.

  • When the quantity of work to be done under any Major Item of the Contract is less than 75% of the original quantity stated in the Contract, then either party to the Contract may request an adjustment to the unit price.

  • The term "significant change" shall be construed to apply to Major Items (as defined in §101-02 Definitions of Terms) only when the quantity of a Major Item is more than 125%, or is less than 75% of the original contract quantity.


More Definitions of Major Item

Major Item means any of the following Items of Program Property: EpicCare, Cadence, Resolute, Tapestry, Outpatient Registration, EPIcenter, or Cohort.
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Major Item means an Agenda Item with moderate to significant administrative, operational, budgetary, resource, or programmatic impacts submitted by the Mayor or any Councilmember.
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Major Item means an Agenda Item with moderate to significant administrative,
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Major Item means any Bid item that has a value, calculated on the basis of its actual or estimated Bid quantity, whichever is the larger, multiplied by its Bid unit price, which is equal or greater than the lesser of,
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Major Item means any individually bid Tender item that has an estimated value of equal to or greater than five percent of the totalTender value of all items.
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Major Item. A major item is any line item of the work to be performed which amounts to 5 percent or more of the total contract amount.
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Major Item means any Work Assignment RFQ item that has a value, calculated on the basis of its actual or estimated Work Assignment RFQ quantity, whichever is the larger, multiplied by its Work Assignment RFQ unit price, which is equal to or greater than the lesser of:
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