Target cost, definition

Target cost, as used in this contract, means the estimated cost of this contract as initially negotiated, adjusted in accordance with paragraph (d) of this clause.

Target cost,. To be cited in each individual task order" Target Profit: "To be cited in each individual task order" Target Price: "To be cited in each individual task order" Ceiling Price: "To be cited in each individual task order" Applies to Fixed-Price Incentive (Firm Target) CLIN(s) only. B031 CONTRACT TYPE: FIXED- PRICE- INCENTIVE -- SUCCESSIVE TARGET (FEB 1997) The contract line items subject to price revision and price ceiling are set forth below. The profit adjustment formula is set forth in FAR 52.216-17.

Target cost,. To be cited in each individual task order" Target Fee: "To be cited in each individual task order. Maximum Fee: "To be cited in each individual task order. Minimum Fee: "To be cited in each individual task order. Government: "To be cited in each individual task order. Contractor: "To be cited in each individual task order. Applies to Cost-Plus-Incentive-Fee (Performance) CLIN(s) only. B058 CONTRACT TYPE: COST-PLUS-FIXED-FEE (DEC 2005) The estimated cost and fee shall be cited in each individual task order. The applicable fixed fee identified may be increased or decreased only by negotiation and modification of the contract for added or deleted work. As determined by the contracting officer, it shall be paid as it accrues, in regular installments based upon the percentage of completion of work (or the expiration of the agreed-upon period(s) for term contracts).

Examples of Target cost, in a sentence

• If an Owner’s Directive causes the cost or duration of the Project to be increased, the Target Cost, Contract Time, and ICL, as applicable, will be adjusted pursuant to Article 12.

• Work related to a RFI or clarification that impacts the Target Cost or Contract Time may not proceed until it is discussed with the PMT and documented in a PMT Bulletin pursuant to Sections 5.1.6 and 5.3. The PMT will resolve questions, discrepancies, ambiguities, and other clarifications regarding the requirements of the Base Program and Implementation Documents according to this Agreement, the Project Objective, and in the best interests of the Project.

• If the RFI does not affect the Target Cost or the Milestones, the General Contractor will immediately post it on the web-based portal and notify all necessary parties for implementation in the field.

• If, through Target Value Design, the difference between the Estimated Final Cost and lower of (i) Owner's Budget and (ii) Target Cost is sufficient to cover 125% of the estimated Chargeable Costs of an Added Value Incentive Item and Owner chooses to add the Added Value Incentive Item, then the ICL will be increased by 25% of the estimated Chargeable Cost of the Added Value Incentive Item.

• The Project Objective is comprised of the Base Program, Target Cost, Added Value Incentive Items, Implementation Documents, and Contract Time, and any other objectives agreed by the Parties.

More Definitions of Target cost,

Target cost, to be cited in each individual order" Target Profit: "to be cited in each individual order" Target Price: "to be cited in each individual order" Ceiling Price: "to be cited in each individual order" Applies to Fixed-Price Incentive (Firm Target) CLIN(s) only. B031 CONTRACT TYPE: FIXED- PRICE- INCENTIVE -- SUCCESSIVE TARGET (FEB 1997) The contract line items subject to price revision and price ceiling are set forth below. The profit adjustment formula is set forth in FAR 52.216-17. Target Cost: "to be cited in each individual task order" Target Profit: "to be cited in each individual task order" Target Price: "to be cited in each individual task order" Ceiling Price: "to be cited in each individual task order" B035 CONTRACT TYPE: LABOR- HOUR (DEC 2005)

Target cost, has the meaning given in paragraph 2.1.2 of Section 4 (High Value Changes) of this Schedule Part 16 (Change Protocol);

Target cost, is the initial cost of the Work established during the Validation Phase and Target Value Design by the Owner and Risk/Reward Team members which includes all Chargeable Costs to complete the Work described in the Base Program. The lower of (i) the Owner's Budget and (ii) the Target Cost will be used as the threshold for which the Added Value Incentive Items and Base Program are compared in order to determine whether ICL is increased during the Design/Preconstruction Phase.

Target cost, or "TC" means, in relation to:

Target cost, as used in this Order, means the estimated cost of this Order as initially negotiated, adjusted in accordance with paragraph (d) of this clause.

Target cost, or "TC" means, in relation to any PBF Assessment Period beginning on 1 April in any year, the aggregate of all forecast Costs falling within the relevant PBF Assessment Period (excluding any Capital Expenditure, forecast Non-Recoverable Costs or forecast Disallowable Costs) set out in the profit and loss accounts included in the Annual Business Plan, expressed as a positive number;

Target cost,. ( TC )means the Target Cost specified in Section B.2 of this contract. The Target Cost may be adjusted for equitable adjustments as set forth in the Clause of this contract entitled, "Changes," or other clauses of this contract. Rocky Flats Closure Contract No. DE-AC34-00RF01904