Base Estimate definition

Base Estimate means: (i) in respect of the costs of a Refurbishment, the Generator’s estimate of the Refurbishment Costs before adding any Contingency; (ii) in respect of any Asset Management Work for any Planning Period N or Planning Period N+1, the Generator’s estimate of the Asset Management Costs for such Planning Period N or Planning Period N+1, as the case may be, in either case before adding any Contingency; and (iii) in respect of the Refurbishment Duration, the Generator’s estimate of the Refurbishment Duration before adding any Contingency.
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Base Estimate means the sum of the cost of all of the items in an estimate, excluding contingency;
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Examples of Base Estimate in a sentence

  • On or prior to December 31 of each year after the Effective Time and prior to the Refurbishment Lock-in Date of the First Unit, the Generator will update such preliminary Basis of Estimate Report and work plan for such Unit and will deliver to the Counterparty an updated Base Estimate and Contingency determined in accordance with Section 2.6 for the Refurbishment Work for such Unit.

  • For greater certainty, such Contingency is over and above the Base Estimate which shall not, for certainty, include any Contingency applied by the Generator.

  • The estimating process used to determine a Base Estimate for a Refurbishment shall be consistent with that used prior to the date hereof in respect of the First Unit and the estimating process used to determine a Base Estimate in respect of Asset Management Work shall be consistent with that used prior to the date hereof in respect of Planning Period N in the Initial Lifetime Asset Management Plan.

  • Such Contingency is over and above the Base Estimate which shall not, for certainty, include any Contingency applied by the Generator.

  • In addition, each Lifetime Asset Management Plan will provide the Generator’s Fixed Asset Management Costs to be undertaken in the immediately upcoming Planning Period N (comprised of the Base Estimate and Contingency determined pursuant to Section 2.6), an estimate of the cost of Asset Management Work for the next following Planning Period N+1, and the Planning Period N+1 Threshold Amount and will include an updated N and N+1 Deliverables Report.

  • The Carrier will use all reasonable technical and commercial efforts during the Expansion to achieve a Class II/III CPCN Cost Estimate, in general accordance with AACE International recommended practices, which shall have a deemed Accuracy of +15%/-10%, with the Base Estimate assumed to be the P20 Cost.

  • Base Estimate - Incorporate risk analysis and contingency information into the estimate, identifying all assumptions.

  • The Base Estimate validated by the USACE Center of Excellence for Summersville Middle School did not originally include the cost to elevate the new structure to Base Flood Elevation plus two feet as required in the Summersville Floodplain Management Ordinance.

  • Expansion of Pingxiang Border Trade 25.2 93.7 2.0 (a) Base Estimate 22.4 717.4 2.0 (b) Benefits Reduced by 10% 20.7 573.9 1.8 0.78 50% (c) Costs Overrun of 10% 21.2 673.4 3.0 0.53 163.0% (d) 1-Year Delay in Program Start-Up 19.5 550.7 2.9 (e) Combined 17.1 379.7 2.4 Longbang Border Economic Zone Service Center EBCR = economic benefit–cost ratio, EIRR = economic internal rate of return, ENPV = economic net present value, PRC = People’s Republic of China, SMEs = small and medium-sized enterprises.

Related to Base Estimate

  • Cost Estimate means the detailed projected expenditure, including material costs and overhead, equipment costs and overhead, labor costs and overhead, and all taxes associated with each major material and service component, required for a line extension. It shall also separately identify any incremental costs associated with providing premium services. The Company may, for the purpose of standardization, establish standard construction cost estimates, for basic or premium service plans, which shall not exceed, in any event, the average cost of constructing such line extensions in the area involved, in which case the term “cost estimate” as used in this section will be understood to mean the standard estimate thus established.

  • State Estimator means a computer model that computes the state (voltage magnitudes and angles) of the Transmission System using the network model and real-time measurements. Line flows, transformer flows, and injections at the busses are calculated from the known state and the transmission line parameters. The State Estimator has the capability to detect and identify bad measurements.

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of eighty one million dollars ($81,000,000).

  • Estimate means to be based on technical evaluation of the sources contributing to the discharge including, but not limited to, pump capabilities, water meters, and batch discharge volumes.

  • SF1-4 Intrinsic Loss Estimate means total losses under this Single Family Shared-Loss Agreement in the amount of eighteen million dollars ($18,000,000.00).