Common use of Operation and Maintenance Cost Savings Clause in Contracts

Operation and Maintenance Cost Savings. The project may include savings from recurring costs (based on actual spending reductions) and/or one-time future replacement expenditures (e.g., capital expenditures that were appropriated for future replacement of Equipment but will no longer be necessary). Clarify sources of operation and maintenance cost savings and how they will be verified.

Appears in 6 contracts

Samples: Financing Agreement and Payment, Financing Agreement and Payment, Financing Agreement and Payment

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