Total Estimated Contract Price definition

Total Estimated Contract Price means the entire compensation payable to the Contractor for the Work where the estimated quantities and units are equal to the actual quantities and units of the Work. The Total Estimated Contract Price includes all profit, all costs of supervision, labour, materials, equipment, overhead, financing and all other costs and expenses incurred in performing the Work.
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Total Estimated Contract Price means the sum stated in Section4 - Remuneration. This amount is not a compensation or price that Company is obligated to pay Contractor; rather, this amount is an estimate and has relevance for purpose of determining the amount of Contractor’s performance bond and for Company’s internal administrative matters. If applicable, this sum may also be a “not-to- exceed” amount payable by Company to Contractor. Total Estimated Contract Price has the same meaning as “value of the Agreement Letter/Contract/PO” as such terms are referenced in the Administrative Guidelines. “VAT” means value added tax and any other tax of a similar
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Total Estimated Contract Price means the total amount set out in Attachment #1 - Contract Prices.
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Examples of Total Estimated Contract Price in a sentence

  • The Total Estimated Contract Price is solely for the purpose of facilitating the comparisons of Bids.

  • In the event there is a discrepancy between any unit price listed and the "Estimated Total Price" or the "Total Estimated Contract Price," the Bidder's unit price, shall prevail.

  • The Port Authority in its sole judgment reserves the right to: (1) reject Bids without checking them for mathematical errors or omissions, (2) reject Bids that contain or appear to contain errors or omissions, and (3) supply corrections to Bids that contain or appear to contain mathematical errors and omissions, and in this case the Port Authority reserves the right to recompute the Total Estimated Contract Price based upon the Unit Prices inserted by the Bidder, which amount shall govern in all cases.

  • The Total Estimated Contract Price shall be obtained by adding the Estimated Annual Contract Price for the first year of the Contract to the Estimated Annual Contract Price for each subsequent year.

  • The Total Estimated Contract Price shall equal the sum of all Extensions (Column 6) for all items listed on Appendix “D”.

  • In the event that an arithmetic error is made in multiplying the Estimated Quantity (Column 3) by the Bid Unit Price (Column 5) the Owner shall correct the arithmetic error including the Extension and the Total Estimated Contract Price.

  • When an arithmetic error is identified, the Bids Unit Price shall take precedence over the Total Estimated Contract Price and the Owner shall correct the arithmetic error as explained below.

  • The Total Estimated Contract Price is based on estimated quantities.

  • For a unit price contract, the contract value shall be the Total Estimated Contract Price shown on Appendix “D”.

  • In the event the Port Authority supplies such corrections to bids, the Port Authority reserves the right to compute the Total Estimated Contract Price based upon the Unit Prices inserted by the Bidder, which amount shall govern in all cases.


More Definitions of Total Estimated Contract Price

Total Estimated Contract Price means the product of multiplying the Annual Compensation as defined herein by the Term.
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Total Estimated Contract Price means the amount quoted as such by the Contractor in Contract Schedule 1 – Price Schedule as the estimated total amount of payment for the provision of the Services, to be payable by the Government to the Contractor by way of Charges in accordance with the provisions of the Contract for the purpose of tender evaluation and calculation of Contract Deposit;
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Related to Total Estimated Contract Price

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Estimated Cash has the meaning set forth in Section 2.4(a).

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Total Contract Price means the total set out in "Tender Document Form: Contract Prices".

  • estimated consumption means the consumption that a customer, whose consumption is not measured during a specific period, is deemed to have consumed and that is estimated by taking into account factors that are considered relevant by the Municipality and which may include the consumption of municipal services by the totality of the users of a service within the area where the service is rendered by the Municipality, at the appropriate level of service, for a specific time;

  • Estimated Costs means costs estimated by the Authority as likely to be:

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • 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.

  • Estimated revenue means the amount of revenue estimated to be received from all sources during the budget year in each fund for which a budget is being prepared.

  • Cost Estimate means the detailed projected expenditure, including material costs and overhead, equipment costs and overhead, labor costs and overhead, and all taxes associated with each major material and service component, required for a line extension. It shall also separately identify any incremental costs associated with providing premium services. The Company may, for the purpose of standardization, establish standard construction cost estimates, for basic or premium service plans, which shall not exceed, in any event, the average cost of constructing such line extensions in the area involved, in which case the term “cost estimate” as used in this section will be understood to mean the standard estimate thus established.

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • Total Intrinsic Loss Estimate means the sum of the SF1-4 Intrinsic Loss Estimate in the Single Family Shared-Loss Agreement, and the Commercial Intrinsic Loss Estimate in the Commercial Shared-Loss Agreement, expressed in dollars.

  • Original contract price means the award price of the contract; or, for requirements contracts, the price payable for the estimated total quantity; or, for indefinite-quantity contracts, the price payable for the specified minimum quantity. Original contract price does not include the price of any options, except those options exercised at the time of contract award.

  • 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.

  • 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.

  • Estimated Value means the value of the Contract estimated under these Contract and Procurement Regulations.

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of One hundred Sixty-eight million dollars ($168,000,000.00).

  • Captured assessed value means the amount in any 1 year by which the current assessed value of the development area, including the assessed value of property for which specific local taxes are paid in lieu of property taxes as determined in subdivision (w), exceeds the initial assessed value. The state tax commission shall prescribe the method for calculating captured assessed value.

  • SF1-4 Intrinsic Loss Estimate means total losses under this Single Family Shared-Loss Agreement in the amount of eighteen million dollars ($18,000,000.00).

  • 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.

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • Total Project Cost means the lowest of the following:

  • Estimated Working Capital Adjustment means the amount by which the Estimated Working Capital is greater or less than the Base Working Capital, any such excess amount being treated as a positive number and any shortfall being treated as a negative number;

  • Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).

  • Total Price means the amount specified as such in the Quote.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).