Cost Model. With the assistance of the PITS, the PMT will develop a detailed cost model based on the Target Cost breakdown and the profit of each Risk/Reward Team member. The cost model will track paid Chargeable Costs, incurred but unpaid Chargeable Costs, current estimate of future Chargeable Costs, the percentage of the Work completed, Value Added Incentive items, any ICL distributions, the predicted variance of each line item, and the projected variance from the Target Cost. The cost model will be updated by the General Contractor based on a schedule developed by the PMT and will be reviewed and approved by the PMT.
Cost Model. The VE Cost Model is a study tool presenting both estimated and target construction costs distributed by subsystem or functional area. Target costs shall be determined during the VE workshop and shall represent the VE team’s estimate of the least cost to perform the function of each subsystem or functional area. Large differences between estimated costs and target costs shall be identified as areas with potential for cost savings or value improvement.
Cost Model. 9.1 Each nation is responsible for covering all costs associated with the Accreditation of organisations within their own nations, in relation to:
Cost Model. RECONCILIATION Cost models shall be reviewed on an ongoing basis to determine if the models conform to approved budgets and target costs developed as part of Target Value Design efforts. To the extent cost models do not conform with budgets and target costs, the Management Group shall give direction on what actions shall be taken by members of the CPD Team.
Cost Model. The parties agree that Product costs shall be [*** Redacted]. Exhibit J sets forth [*** Redacted].
Cost Model. In parallel with the development of the alternative concepts, the Consultant will prepare a project cost model to be used initially to provide rough- order-of magnitude (R.O.M.) cost estimates of the alternative concepts and to evolve into a detailed cost estimate through the subsequent phases of the project. The cost model will also be used to facilitate value-engineering activities in conjunction with the City.
Cost Model. 15. The framework will be based on a transaction fee or a commission and transaction fee model. The model shall be agreed between the Contractor and the Framework Public Body at call-off stage. Each Framework Public Body’s account will be operated independently, with the respective Framework Public Body being responsible for payment of the account. All rebates earned will be returned to the respective Framework Public Body organisation.
Cost Model. As outlined in Section 3.2.1 of the Agreement and Annex 4 to the Agreement, the Parties hereby agree to adjust the model cost assumptions to [*].
Cost Model. The Construction Manager shall prepare a cost model for estimating program costs and provide a copy of such model to the Project Administrator within 45 days after the effective date of this agreement. Such cost model shall serve as a basis for all estimates for the program including the development of all proposed GMP’s.
Cost Model. The bidders provide their costs on the Cost Model. The Cost Model Guidance gives detail on how this should be completed.
