Facility Program Capital Cost Clause Samples

Facility Program Capital Cost. The actual capital cost of the Facility Program will be calculated on a time and materials basis as set out in Article 9. 1. The facility shall be completed by QSA by February 16, 2001. The budgeted capital cost for performance of the Facility Program by QSA is estimated at the Effective Date to be three million, seven hundred and sixty-four thousand euros ((euro)3,764,000). Any cost in excess of the estimated budgeted capital cost shall be subject to the prior written authorization of Novoste.