Addressable Spend definition
Addressable Spend means the total costs and expenditures for the EPC work to be
Addressable Spend means the total costs and expenditures for the EPC work to be performed by or for Seller for the resource to be constructed pursuant to, and any other work in connection with Seller’s performance of its obligations under, the applicable Definitive Agreement, excluding the costs and expenditures for goods and services to be provided (i) by original equipment manufacturer (OEM) suppliers, (ii) by one or more named suppliers required by Buyer in the applicable Definitive Agreement (including in connection with any customized or quasi-customized goods engineered to Buyer’s specifications, such as engineered parts or equipment), (iii) directly by Seller or any of its Affiliates, and (iv) with respect to PPA transactions, by operation and maintenance (O&M) providers.
Addressable Spend means spending in which the Borrower has the ability to select the provider of the goods and services and/or benefit from a sourcing event, including, without limitation, Tier 1 Spend and Tier 2 Spend.
Examples of Addressable Spend in a sentence
The fixed charge compensates IBM for all work performed by IBM in connection with strategic sourcing activity as contemplated within Annex A-1 of the Agreement as of the Effective Date, regardless of the volume of Addressable Spend involved in such activity, and certain other fixed costs associated with Strategic Sourcing Services.
IBM will manually reconcile the Solectron reports and supplier reports to determine and measure Actual Addressable Spend and associated Actual Savings.
IBM will use the reconciled spend to determine Actual Addressable Spend and calculate Actual Savings.
Addressable Spend: Spend that can be impacted through sourcing activities.
More Definitions of Addressable Spend
Addressable Spend means an organization’s estimated annual spend on IT solutions that Softchoice sells. “AWS” means Amazon Web Services.
Addressable Spend means the fees and charges paid to Commodity suppliers by Solectron (stated in U.S. dollars) for Commodities included within all In-scope Categories included in a Complexity Level in a GEO. It is the spend that can be strategically sourced by IBM — i.e., where the existing supplier arrangements can be changed or terminated without any significant financial consequences due to existing contractual obligations, and where Solectron does not have any other business need to continue existing supplier relationships. The Addressable Spend for a Category will be determined by the Parties at the time that IBM assumes responsibility for Strategic Sourcing of that Category and will be the Parties’ best estimate of the actual addressable fees and charges paid by Solectron in the twelve months preceding the transfer of sourcing responsibility to IBM, adjusted for any known changes in volumes.
Addressable Spend is defined in Schedule C (Charges).