Betterments. As applicable, credit shall be allowed or Utility shall pay for Betterments in accordance with the following: The amount of a Betterment credit, if any, shall be the estimated cost of the Replacement Facility, minus the estimated cost of a Substitute Facility. The amount of Betterment credit, if any, shall be a fixed amount determined by the Parties during Design Engineering based upon estimates provided by Utility and its contractors and agreed to by the MTA.
Appears in 3 contracts
Sources: Utility Cooperative Agreement, Utility Cooperative Agreement, Utility Cooperative Agreement