Probable Amount of Contract definition

Probable Amount of Contract means the estimated/tendered amount of the work
Sample 1Sample 2Sample 3
Probable Amount of Contract. (PAC) means the estimated cost of work at the Schedule of Rates on which tenders invited.
Sample 1

Examples of Probable Amount of Contract in a sentence

  • The total value of the work to be executed by such experienced contractor(s) shall not exceed 25 percent of the Probable Amount of Contract (PAC).

  • Price adjustment shall only be applicable on Probable Amount of Contract (PAC) of NIT.

  • Dhar Probable Amount of Contract: Rs. 7.56 lacs(Rs. Seven Lacs Fifty Six Thousand Only).

  • The firm shall also deposit a sum of 5% of the Probable Amount of Contract which shall be treated as Security for the proper fulfillment of the work.KSACS reserves the right at the time of awarding contract to increase or decrease the quantities, or award the work partly or jointly.KSACS prior to the expiration of the quotation validity period will notify the bidder whose quotation is accepted of the award of contract.

  • The EPAC of the work, ‘Side Protection and Beautification of Veli—Akkulam Lake’ was C 7.35 crore and was awarded to KSINC at an Agreed Probable Amount of Contract (APAC) of C 13 crore with a tender premium of 76.87 per cent.

  • Probable Amount of Contract : Rs. 441.24 lacs(Rs. In Words) – Rs. Four hundred fourty one point twenty four only.

  • Agreement Number & YearName of WorkDate of Work OrderDate of CompletionAmount of ContractEmployer's Name and Address Existing commitments – (Value of ‘C’ for Bid Capacity formula) Agreement Number & YearName of WorkDate of Work OrderDate of CompletionAmount of ContractAmount of balance workEmployer'sName and Address Bid Capacity should be equal to or more than Probable Amount of Contract.

  • EG 21/63824/17 Dated 22.06.2018 e -Government Procurement (e-GP) NOTICE INVITING TENDER P Q TENDER NO.PP/AMRUT/2017-18Local Self Department (Engineering Wing) on behalf of Kozhikode MunicipalCorporation Council invites online bids from the Registered Bidders of PWD/LSGD who have successfully completed at least one similar work costing more than 40% (Forty percentage) of the estimate Probable Amount of Contract (PAC) of the work during the last five years.

  • Probable Amount of Contract: Rs. 33.20 Lacs (Rs. In Figure) (Rs. In Words) – Thirty three lacs twenty thousand only Sr.No.

  • Audit scrutiny revealed that:• in Kollam Collectorate tender excess of Rs 1.30 lakh was allowed in six works executed in May 2005 by private contractors,• in Alappuzha Collectorate tender excess ranging from 10 to 18 per cent of the estimated Probable Amount of Contract (PAC) was allowed in construction of 17 semi-permanent sheds resulting in excess payment of Rs 22.10 lakh from CRF.

Related to Probable Amount of Contract

  • Net Amount of Eligible Accounts means the gross amount of Eligible Accounts less (a) sales, excise or similar taxes included in the amount thereof and (b) returns, discounts, claims, credits and allowances of any nature at any time issued, owing, granted, outstanding, available or claimed with respect thereto.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Unencumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Required Subordinated Amount of Class B Notes means, for the Class A(2022-1) Notes for any date of determination, an amount equal to the product of

  • Required Subordinated Amount of Class C Notes means, for the Class B ( - ) Notes for any date of determination, an amount equal to the sum of

  • Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes for any date of determination, an amount equal to the sum of

  • Encumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Applicable Amount means, at any time (the “Applicable Amount Reference Time”), an amount equal to (a) the sum, without duplication, of:

  • Non-PO Formula Principal Amount As to any Distribution Date, the sum of (i) the sum of the applicable Non-PO Percentage of (a) all monthly payments of principal due on each Mortgage Loan on the related Due Date, (b) the principal portion of the purchase price of each Mortgage Loan that was repurchased by the Seller pursuant to this Agreement as of such Distribution Date, excluding any Mortgage Loan that was repurchased due to a modification of the Mortgage Rate, (c) the Substitution Adjustment Amount in connection with any Deleted Mortgage Loan received with respect to such Distribution Date, (d) any Insurance Proceeds or Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds allocable to principal received with respect to such Mortgage Loan, and (f) all partial and full Principal Prepayments received during the related Prepayment Period and (ii) (A) any Subsequent Recoveries received during the calendar month preceding the month of such Distribution Date, or (B) with respect to Subsequent Recoveries attributable to a Discount Mortgage Loan that incurred (1) an Excess Loss or (2) a Realized Loss after the Senior Credit Support Depletion Date, the Non-PO Percentage of any Subsequent Recoveries received during the calendar month preceding the month of such Distribution Date.

  • Aggregate Outstanding Principal Balance means, as of any date of determination, the sum of the Outstanding Principal Balances of each Class outstanding on such date.

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • Prepayment Shift Percentage Not applicable.

  • Outstanding Amount means the aggregate principal amount of all Notes, or Class of Notes, as applicable, Outstanding at the date of determination.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Unfunded Exposure Shortfall has the meaning set forth in Section 8.1(a).

  • Maximum Revolving Advance Amount means $25,000,000.

  • Aggregate Class A Unpaid Interest Shortfall As to any Distribution Date, an amount equal to the sum of the Class A Unpaid Interest Shortfalls for all the Classes of Class A Certificates.

  • Unpaid Realized Loss Amount With respect to any Class of Subordinated Certificates and as to any Distribution Date, is the excess of (i) the Applied Realized Loss Amounts with respect to such Class over (ii) the sum of (a) all distributions in reduction of such Applied Realized Loss Amounts on all previous Distribution Dates, and (b) the amount by which the Class Certificate Balance of such Class has been increased due to the distribution of any Subsequent Recoveries on all previous Distribution Dates. Any amounts distributed to a Class of Subordinated Certificates in respect of any Unpaid Realized Loss Amount will not be applied to reduce the Class Certificate Balance of such Class.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Funded Amount means, with respect to any Revolving Obligation (excluding a Synthetic Security) or Delayed Drawdown Collateral Obligation at any time, the aggregate principal amount of advances or other extensions of credit to the extent funded thereunder by the Issuer that are outstanding at such time.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Maximum Yield Supplement Amount means with respect to any Collection Period and the related Deposit Date, after giving effect to the Yield Supplement Amount, the maximum amount required to be on deposit in the Yield Supplement Account on the immediately succeeding Payment Date, which is equal to the present value (using an interest rate of: 0.25%) of the sum of all Yield Supplement Amounts for all future Payment Dates, assuming that future Scheduled Payments on the Discount Receivables are made on the date on which they are scheduled as being due.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).