Project Overruns definition

Project Overruns means the final cost estimate at Contract Award exceeds the estimated Total Project Cost estimate in this Agreement, or the final actual project costs exceed the final cost estimate at Contract Award.
Project Overruns means the final cost estimate at contract award exceeds the estimated Total Project Cost estimate in this Agreement, or the final actual project costs exceed the final cost estimate at contract award.

Examples of Project Overruns in a sentence

  • Appeals regarding Net Small Project Overruns must be submitted 60 days from the date the last Small Project was completed.

  • Jørgensen, "A Comparison of Software Project Overruns – Flexible vs.

  • Jørgensen, "A comparison of Software Project Overruns- Flexible vs.

  • Ostvold, K.M. and Jorgensen.M. A Comparison of Software Project Overruns – Flexible versus Sequential Development Model.

  • Seller and GSE Systems shall pay such invoiced Project Overruns to Buyer within 30 days of receipt of each invoice.

  • Endorsed by: Our attendees continuously rate this program 4.8 out of 5 stars!Who else is more responsible for showcasing your firm’s services—for better or worse?Who else can best ensure repeat business—or a lost client?Who else best assures a project’s success—or failure?BOTTOM LINE:If you’re not proactively empowering your PMs—YOU’VE ALREADY LOST THE GAME.Don’t Let Project Overruns Drain the Profits Out of Your FirmFor most A/E firms, it takes $10 of new sales to make up for just $1 of project overruns.

  • K., Furulund, K.M.: The Relationship be- tween Customer Collaboration and Software Project Overruns.

  • Buyer will invoice Seller and GSE Systems for the amount of any unbilled Project Overruns quarterly commencing on the 15th day of the fourth full calendar month after the Effective Date and continuing on the 15th day of the first month of each quarter thereafter.

  • Buyer shall provide with each invoice, a calculation of the Project Overruns.

  • Analysis is based on a sample submitted by the applicant for service and analyzed by official personnel.

Related to Project Overruns

  • Cost Overrun means an obligation exceeding the maxi- mum capital expenditure authorized by an approval.

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • Project area budget means a multiyear projection of annual or cumulative

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Development Project means a project for the development of land within a project area.

  • Project Implementation Unit or “PIU” means the unit referred to in Section I.A.1 of Schedule 2 to this Agreement.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Development Budget has the meaning set forth in Section 3.1.

  • Project Improvements means site improvements and facilities that are:

  • Redevelopment project means a specific construction project

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • Pilot project means an innovative environmental project that covers one or more designated facilities, designed and implemented in the form of an EMSA. (See Section 52.3 of the Act.)

  • Project Commissioning means the Project will be considered as commissioned if all equipment as per rated project capacity has been installed and energy has flown into grid, in line with the Commissioning procedures defined in the RfS/PPA.

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • RFP Project Documents means the following documents to be entered into in respect of the Project, by the parties to the respective agreements:

  • Project Work means the work required to complete the Project.

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • The Project Plan means the document to be developed by the Supplier and approved by the Purchaser, pursuant to GCC Clause 19, based on the requirements of the Contract and the Preliminary Project Plan included in the Supplier’s bid. The “Agreed and Finalized Project Plan” is the version of the Project Plan approved by the Purchaser, in accordance with GCC Clause 19.2. Should the Project Plan conflict with the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Capital Projects means the acquisition of any interest in land, including improvements on the

  • Capital Budget has the meaning given in Section 3.11(a).