Target Outturn Cost definition

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.
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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.
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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.
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Examples of Target Outturn Cost in a sentence

  • 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.

  • Target Outturn Cost orTOC the specific sum to be developed by the Proponent under this Agreement as being the estimate of all Alliance Reimbursable Costs, Alliance Corporate Overhead and Profit and Risk & Contingency Provisions required to achieve MCOS Performance, perform the Works and to bring the Works to a stage where the Final Certificate can be issued under the Project Alliance Agreement, that will be specified in the Project Proposal submitted to the Project Owner under this Agreement.

  • For clarity, it will be a relevant consideration as to whether the Owner’s Representative shall be considered to be acting reasonably for the purposes of this Section 28.4.2 where the Adjustment Event will result in increases in the Target Outturn Cost beyond‌ the PAA Project Estimate Limit which will require the Owner to secure additional funding for the Works.

  • In the event that, at the time a deductible under such insurance is paid, the aggregate of the Actual Outturn Cost of performing the Works under this Agreement has exceeded the Target Outturn Cost, the deductible paid by the Owner will not be treated as an Actual Cost under this Agreement.

  • 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.

  • Target Outturn Cost or TOC 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.

  • The Target Outturn Cost (TOC) is a figure extracted from the TCE.

  • In the event that ▇▇▇▇▇▇▇▇▇ 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.


More Definitions of Target Outturn Cost

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.
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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.
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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.
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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.

  • Salvage value means the amount received for property retired, less any expenses incurred in connection with the sale or in preparing the property for sale, or, if retained, the amount at which the material recoverable is chargeable to materials and supplies, or other appropriate account.

  • 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.