Total Estimated Contract Price definition

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 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 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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Examples of Total Estimated Contract Price in a sentence

  • 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.

  • Subject always to the terms of the Contract Documents, the City agrees to pay to the Consultant, the sum of, the "Total Estimated Contract Price", including the Harmonized Sales Tax (“HST”), in Canadian funds for the performance of the Work under this Contract.

  • If the Total Estimated Contract Price is higher than US$2,000,000 or Rp.20.000.000.000, Contractor shall cooperate with local small businesses, including small cooperatives by subcontracting a portion of certain Work.

  • We enclose the following with our Bid: .1 Our Bid Security in the amount of ten percent (10%) of the Total Estimated Contract Price and Consent of Surety to provide Bonds in accordance with Section 01 78 36 – Warranty and Bonds.

  • The COS and CS2 are mainly hydrolized to H2S, while elemental sulphur and SO2 are converted via hydrogenation.

  • If the Total Estimated Contract Price is higher than US$5,000,000 or Rp.50.000.000.000, Contractor shall cooperate with local medium businesses and/or local small businesses, including small cooperatives, by subcontracting a portion of certain Work.

  • CONTRACT AWARD AMOUNT Total Estimated Contract Price: $2,000,000.00 CONTRACT TERMThe initial term of the contract will be three (3) years.

  • Subject always to the terms of the Contract Documents, the City agrees to pay to the Contractor, the sum of, the "Total Estimated Contract Price", including the Harmonized sales tax, in Canadian funds for the performance of the Work under this Contract.

  • The penalties are subject to all of the following: (a) the amount of these penalties shall be equal to zero point one per cent (0.1%) of the Total Estimated Contract Price or the value of any part of the Work that cannot be delivered in accordance with the requirement regarding timing for performance for each day (or any part of a day) that Contractor fails to comply with the requirement for timely performance, whichever is applicable.

  • Contractor shall not subcontract the whole of the Work or the primary component of the Work or more than fifty per cent (50%) of the Total Estimated Contract Price to another party.


More Definitions of Total Estimated Contract Price

Total Estimated Contract Price means the total amount set out in Attachment #1 - Contract Prices.
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Total Estimated Contract Price means the product of multiplying the Annual Compensation as defined herein by the Term.
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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 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.

  • 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 eleven million dollars ($11,000,000.00).

  • 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.

  • 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 all the funds to complete the effort proposed by the Applicant, including DOE funds (including direct funding of any FFRDC) plus all other funds that will be committed by the Applicant as Cost Sharing.

  • 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 2.5(a).

  • Baseline Value for each of the Company and the Peer Companies means the dollar amount representing the average of the Fair Market Value of one share of common stock of such company over the five consecutive trading days ending on, and including, the Effective Date.

  • Annual Turnover means the actual turnover achieved during your first year of operations, from the commencement of your business to the date of the damage, converted to a 12-month equivalent figure.