Target Outturn Cost definition

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
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 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

  • 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.

  • 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.


More Definitions of Target Outturn Cost

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 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 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

Related to Target Outturn Cost

  • Net salvage value means the salvage value of property retired less the cost of removal.

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • 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.

  • Acquisition Cost means the cost to acquire a tangible capital asset including the purchase price of the asset and costs necessary to prepare the asset for use. Costs necessary to prepare the asset for use include the cost of placing the asset in location and bringing the asset to a condition necessary for normal or expected use.

  • Cost outlier means cases which have an extraordinarily high cost as established in 79.1(5)“f,” so as to be eligible for additional payments above and beyond the initial DRG payment.

  • FTE Cost means, for any period, the FTE Rate multiplied by the number of FTEs in such period.

  • Total Project Cost means the lowest of the following:

  • 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.

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Gross Calorific Value of “GCV” shall mean that quantity of heat expressed in Kilowatt- hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapor as the Natural Gas and air before combustion.

  • 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 ST Valuation Date, the RI Value for the Reference Item(s) with the lowest or equal lowest RI Value for any Reference Item in the Basket in respect of such ST Valuation Date.

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • 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.

  • Tax Cost means any increase in Tax payments otherwise required to be made to a Taxing Authority (or any reduction in any refund otherwise receivable from any Taxing Authority).

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Current Assessed Value means the assessed value of the District certified by the municipal assessor as of April 1st of each year that the District remains in effect.

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Reasonable cost means a cost for a service or item that is consistent with the market standards for comparable services or items.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Estimated Construction Cost or “ECC” means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.

  • Net Output means all energy and capacity produced by the Facility, less station use and less transformation and transmission losses and other adjustments (e.g., Seller's load other than station use), if any. For purposes of calculating payment under this Agreement, Net Output of energy shall be the amount of energy flowing through the Point of Delivery.