Common use of Quantification of Cost Savings Clause in Contracts

Quantification of Cost Savings. Subsection C of § 23-38.104 of the Act, requires that a Covered Institution include in its management agreement with the Commonwealth the quantification of cost savings realized as a result of the additional operational flexibility provided pursuant to Subchapter 3 of the Act. Since this initial Management Agreement with the Commonwealth has not yet been implemented by the University, the parties agree that the University is not in a position to quantify any such cost savings at this time, although the University expects that there will be cost savings resulting from the additional authority granted to the University pursuant to Subchapter 3 of the Act, and that such cost savings will be part of the determinations made during the reviews, assessments, and audits to be conducted pursuant to Subchapter 3 of the Act by the Auditor of Public Accounts, the Joint Legislative Audit and Review Commission, and the State Council of Higher Education for Virginia, and as otherwise described in Section 2.1.1 above.

Quantification of Cost Savings. Subsection C of § 23-38.104 of the Act, Act requires that a Covered Institution include in its management agreement with the Commonwealth the quantification of cost savings realized as a result of the additional operational flexibility provided pursuant to Subchapter 3 of the Act. Since this initial Management Agreement with the Commonwealth has not yet been implemented by the University, the parties agree that the University is not in a position to quantify any such cost savings at this time, although the University expects that there will be cost savings resulting from the additional authority granted to the University pursuant to Subchapter 3 of the Act, and that such cost savings will be part of the determinations made during the reviews, assessments, and audits to be conducted pursuant to Subchapter 3 of the Act by the Auditor of Public Accounts, the Joint Legislative Audit and Review Commission, and the State Council of Higher Education for Virginia, and as otherwise described in Section 2.1.1 above.

Quantification of Cost Savings. Subsection C of § 23-38.104 of the Act, Act requires that a Covered Institution include in its management agreement with the Commonwealth the quantification of cost savings realized as a result of the additional operational flexibility provided pursuant to Subchapter 3 of the Act. Since this initial Management Agreement with the Commonwealth has not yet been implemented by the University, the parties agree that the University is not in a position to quantify any such cost savings at this time, although the University expects that there will be cost savings resulting from the additional authority granted to the University pursuant to Subchapter 3 of the Act, Act and that such cost savings will be part of the determinations made during the reviews, assessments, and audits to be conducted pursuant to Subchapter 3 of the Act by the Auditor of Public Accounts, the Joint Legislative Audit and Review Commission, and the State Council of Higher Education for Virginia, and as otherwise described in Section 2.1.1 above.

Quantification of Cost Savings. Subsection C of § 23-38.104 of the Act, Act requires that a Covered Institution include in its management agreement with the Commonwealth the quantification of cost savings realized as a result of the additional operational flexibility provided pursuant to Subchapter 3 of the Act. Since this initial Management Agreement with the Commonwealth has not yet been implemented by the UniversityCollege, the parties agree that the University College is not in a position to quantify any such cost savings at this time, although the University College expects that there will be cost savings resulting from the additional authority granted to the University College pursuant to Subchapter 3 of the Act, Act and that such cost savings will be part of the determinations made during the reviews, assessments, and audits to be conducted pursuant to Subchapter 3 of the Act by the Auditor of Public Accounts, the Joint Legislative Audit and Review Commission, and the State Council of Higher Education for Virginia, and as otherwise described in Section 2.1.1 above.

Quantification of Cost Savings. Subsection C D of § 2323.1-38.104 1012 of the Act, Act requires that 152 a Covered Institution covered institution include in its management agreement with the Commonwealth the quantification of 153 cost savings realized as a result of the additional operational flexibility provided pursuant to Subchapter 3 Article 4 154 of the Act. Since this initial Management Agreement management agreement with the Commonwealth has not yet been 155 implemented by the University, the parties agree that the University is not in a position to quantify any 156 such cost savings at this time, although the University expects that there will be cost savings resulting 157 from the additional authority granted to the University pursuant to Subchapter 3 Article 4 of the Act, Act and that such 158 cost savings will be part of the determinations made during the reviews, assessments, and audits to be 159 conducted pursuant to Subchapter 3 Article 4 of the Act by the Auditor of Public Accounts, the Joint Legislative Audit 160 and Review Commission, and the State Council of Higher Education for Virginia, and as otherwise 161 described in Section 2.1.1 above.