Cost Caps. The WRCOG shall use its best efforts to cap administrative costs at ten percent (10%) of the Maximum Contract Sum per year, and marketing and outreach costs to a maximum of six percent (6%) of the Maximum Contract Sum per year. The WRCOG acknowledges that it is the desire of the Commission to keep administrative and marketing costs as low as possible.
Cost Caps. Notwithstanding any inclusion in the New Project License of the Commission’s reservation of rights to require the Licensee to undertake such measures as may be appropriate and reasonable to implement approved plans and other requirements in the New Project License in excess of the agreed-upon cost caps, the Parties agree to be bound by the cost caps in this Settlement Agreement, subject to any conditions or exceptions expressly provided in this Settlement Agreement. The Parties agree not to seek the Licensee’s expenditure of additional funds in excess of the agreed-upon cost caps if the Licensee is in compliance with the relevant license article. Cost caps may be adjusted by Section 7.1 of this Settlement Agreement. Cost caps do not include those items identified as cost estimates.
Cost Caps. County shall endeavor to cap administrative costs at ten percent (10%) of the Maximum Contract Sum, and marketing and outreach costs at equal to six percent (6%) of the Maximum Contract sum. County acknowledges that it is the desire of the Commission to keep administrative and marketing costs down as low as possible.
Cost Caps. Xxxxx Xxxxx shall be responsible for the third party costs of completing the scopes of work in each Phase. As it relates to the Phase 1 scope of work, the Parties have agreed to a total cap of $544,914.22 (plus HST). The Parties have agreed that the cap for the Phase 2 Scope of Work shall be determined by the Parties, each acting reasonably, at the end of Phase 1, with each Party being responsible for its Proportionate Share of the design costs for the expansion of the WTP. The Parties have agreed that both the Phase 1 cap and the Phase 2 cap amounts may be amended by written agreement of the Parties. The costs of the Phase 3 Scope of Work shall be determined in accordance with the applicable provisions of Article 3 herein. Notwithstanding anything else in this Agreement, the Parties agree that no exceedance of any of the Phase caps will be permitted without the prior written approval of Bruce Power.
