Target Outturn Cost definition

Target Outturn Cost or “TOC” means the expected total cost for completion of the Project as developed by the NOPs, in accordance with the ADA during the Alliance Development Phase and included in the executed Project Alliance Agreement.
Sample 1
Target Outturn Cost or "TOC" means the target outturn cost (broken down into its various components) as set out in the Agreement Particulars, as adjusted (if at all) by the ALT in accordance with this Agreement.
Sample 1
Target Outturn Cost or "TOC" means the target outturn cost as set out in the Target Cost Estimate and approved by TIDC in accordance with clause 6.5(c)(i), as adjusted (if at all) by the ALT in accordance with this Agreement.
Sample 1

Examples of Target Outturn Cost in a sentence

  • In the private sector context, after selection of the preferred ‘best for project’ team the development of the Target Outturn Cost (‘TOC’) is invariably in the context of a business case development.

  • For clarity, the payment of any deductible in accordance with this Section will not alter or lead to a change to the Target Outturn Cost.

  • In the event that Xxxxxxxxx is calculated to be payable under this Agreement at the time a deductible under such insurance has been paid, the deductible will be treated as an Actual Cost incurred by the Owner Participant, and, for clarity, the payment of a deductible in such circumstance will not alter or lead to a change to the Target Outturn Cost.

  • The alliances’ economic performance metrics are based on the development of Target Outturn Cost (TOC), based on estimating the project’s direct costs.

  • At the developmental stage of the project alliance, all participants need to put aside their self interest and, as an integrated team,put forward a Target Outturn Cost (TOC) which is a reasonable estimate of what it should taketo deliver the agreed work.

  • Based on these Responses, Fraser Health Authority (Owner) intends to select, in accordance with the terms of this RFQ, a shortlist of up to three Proponents to be invited to participate in the next stage of the Single Target Outturn Cost (Single TOC) Alliance Selection Process, the Request for Proposals (RFP) stage.

  • With reinforced concrete bored piles and screw piles considered to be the only real conceivable options for holding down the trench against the buoyancy forces it would be subjected to, the Alliance Target Outturn Cost (TOC) team was challenged with making a decision that would have significant bearing on both the design and construction of the trench structure.There were many factors considered in the evaluation of the two options.

  • Should be a best-for-team decision as costs will end up in the Target Outturn Cost regardless.

  • The costs of obtaining any Additional Lands under this Section 15.1.4 are Actual Cost incurred by a Participant and, for clarity, do not give rise to any adjustment to the Target Outturn Cost.

  • For projects in construction – estimated construction cost (Target Outturn Cost) has been included together with actual Life to Date Costs as at the end of September 2012.


More Definitions of Target Outturn Cost

Target Outturn Cost or "TOC" means the target outturn cost to be ascertained in accordance with the Commercial Framework and approved by TIDC in accordance with clause 6.5(c)(i), as adjusted (if at all) by the ALT in accordance with this Agreement.
Sample 1
Target Outturn Cost or “TOC” means the expected total cost for completion of the Project as developed by each Proponent, in accordance with the ADA during the Alliance Development Phase and (for the Preferred Proponent) included in the executed Project Alliance Agreement.
Sample 1
Target Outturn Cost orTOC the specific sum identified as the TOC in the Final Project Proposal, being the estimate of all Reimbursable Costs, Corporate Overhead and Profit and Risk & Contingency Provisions required to achieve MCOS Performance, perform the Works (including all Separable Portions) and bring the Works (including all Separable Portions) to a stage where the Final Certificate can be issued in accordance with this Agreement.
Sample 1

Related to Target Outturn Cost

  • Formation Cost means preliminary expenses relating to regulatory and registration fees of the Scheme, flotation expenses of the Scheme, expenses relating to authorization of the Scheme, execution and registration of the Constitutive Documents, legal costs, printing, circulation and publication of this Offering Document, announcements describing the Scheme and all other expenses incurred until the end of the Initial Period.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • 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.

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • Allowable cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.