Calculation of Average Passenger Loading Bridge Cost Clause Samples

The 'Calculation of Average Passenger Loading Bridge Cost' clause defines the method for determining the average cost associated with passenger loading bridges, which are the movable walkways connecting airport terminals to aircraft. Typically, this involves aggregating the total costs incurred for the installation, maintenance, or operation of these bridges over a specified period and dividing by the number of bridges or usage instances. This clause ensures a standardized and transparent approach to cost calculation, facilitating fair allocation of expenses among stakeholders and preventing disputes over cost-sharing.
Calculation of Average Passenger Loading Bridge Cost. Each year the Port shall calculate the estimated Average Passenger Loading Bridge Cost for the following Fiscal Year by dividing the sum of the budgeted Capital Costs and O&M Expenses allocable to Port-owned Passenger Loading Bridges by the number of Port-owned Passenger Loading Bridges.
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