Bid Costs definition
Examples of Bid Costs in a sentence
In order to be eligible for Bid Cost Recovery, the System Resource Owner must comply with all applicable requirements of the CAISO Tariff, including but not limited to compliance with Start-Up Instructions issued by the CAISO and submittal of its Bid Costs to the CAISO in accordance with CAISO Tariff Sections 4.12, 11.8, 30.4, and 30.5.2.4.
All Bid Costs must also be entered in the “Line Items” of the City’s Planet Bids portal as seen below.
Said notice of termination must be provided within five (5) business days of the City providing written confirmation to Developer of the Bid Costs.
The Bid Costs shall be paid within ten Business Days of the date on which the Offer lapses, is withdrawn or otherwise does not complete in accordance with its terms (to the extent not already previously paid by the relevant parties).
In the event the bids come in more than twenty percent (20%) higher than the Engineer’s estimate for the Project, then the Parties shall discuss the bids and move forward, unless any of the Parties object to the Project Bid Costs.
In the event that the sealed bid of the lowest responsible bidder that is awarded the City Project contract amount (hereinafter referred to as “Bid Costs”) is greater than the Special Assessment amount, then an amendment to this Agreement, executed between the Parties to increase the Waiver amount and amend Exhibit 2 to incorporate the actual Bid Costs and reasonable change orders, shall be required.
The contractors shall provide final pricing to Landlord's Representative within fifteen (15) days thereof along with a detailed cost breakdown of all construction costs (the "Bid Costs").
In the event that the contract amount of the sealed bid of the lowest responsive and responsible bidder that is awarded (hereinafter referred to as “Bid Costs”) is greater than the Special Assessment (defined below), then an amendment to this Agreement, executed between the Parties to reflect the actual Bid Costs and the amount to be assessed against the Property.
To the extent that the Bid Costs actually incurred by the Partners are not in the proportions set out in clause 33.1, the Partners shall make balancing payments to one another as appropriate to achieve such proportionate cost sharing.