Cost Reduction Proposal definition

Cost Reduction Proposal means aproposal that recommends alternatives to the established procedures or organizationalsupport of a contract or group of contracts.These alternatives must result in a netreduction of contract cost and price to NASA. The proposal will include technical and cost information sufficient to enable theContracting Officer to review the CRP andapprove or disapprove it. The contractor may propose changes in other activities thatimpact performance on their contract, to include Government and other contractoroperations, if such changes will optimize cost savings on their contract. A contractor shallnot be entitled to share, however, in any cost shavings that are internal to the Government, or which result from changes made to anycontracts to which they are not a party even if those changes were proposed as a part of their CRP.
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Examples of Cost Reduction Proposal in a sentence

  • The Cost Reduction Proposal shall not impair, in any manner, the essential functions or characteristics of the project, including but not limited to service life, economy of operation, ease of maintenance, desired appearance, or design and safety standards.

  • The District will not be liable to the Contractor for failure to accept or act upon any Cost Reduction Proposal submitted pursuant to this section nor for any delays to the Work attributable to any such proposal.

  • The provisions of this section shall not be construed to require the District to consider any Cost Reduction Proposal, which may be submitted hereunder.

  • If the Contractor’s Cost Reduction Proposal is accepted in whole or in part, such acceptance will be by an approved Contract Change Order, which shall specifically state that it is executed pursuant to this Section.

  • The Contractor’s cost of preparing the Cost Reduction Proposal and the District’s costs of investigating same, including any portion thereof paid by the Contractor, shall be excluded from consideration in determining the estimated net savings in construction costs.The Contractor is not entitled to share in either concurrent, collateral or future savings arising from the Cost Reduction Proposal.

  • Subcontracts shall state that any benefits accruing to the Contractor as a result of an accepted Cost Reduction Proposal initiated by a Subcontractor shall be shared by the Contractor and the Subcontractor in a manner specified in the agreement between them.

  • The District reserves the right, where it deems such action appropriate, to require the Contractor to share in the District’s costs of investigating a Cost Reduction Proposal submitted by the Contractor as a condition of considering such proposal.

  • If an approved Contract Change Order has not been issued by the date upon which the Contractor’s Cost Reduction Proposal specifies that a decision thereon should be made, or such other date as the Contractor may subsequently have specified in writing, such Cost Reduction Proposal shall be deemed rejected.

  • If a Cost Reduction Proposal is similar to a change in the plans or specifications under consideration by the District for the project at the time said proposal is submitted, the District will not accept such proposal, and the District reserves the right to make such changes without compensation to the Contractor under the provisions of this section.

  • At its election, District reserves the right to consider any Contractor proposed substitution as a Cost Reduction Proposal under Section 6.2 “COST REDUCTION PROPOSALS” of these General Conditions in the event that there is a significant savings resulting from the substitution.

Related to Cost Reduction Proposal

  • Alternative Proposal has the meaning set forth in Section 6.2(b).

  • Project Proposal is the final and written description of the Project as described in Exhibit A, to be undertaken by Sub-recipient for which the Project Funds is granted and performance is required and monitored pursuant to this PFA.

  • Acquisition Proposal has the meaning set forth in Section 5.03(a).

  • Transaction Proposal has the meaning specified in Section 8.02(c).

  • approved proposal means a proposal approved or determined under this Agreement;

  • Proposal means the Technical Proposal and the Financial Proposal.

  • Superior Acquisition Proposal means any Acquisition Proposal containing terms which the Company Board determines in its good faith judgment (based on the advice of an independent financial advisor) to be more favorable to the Company’s stockholders than the Merger and for which financing, to the extent required, is then committed or which, in the good faith judgment of the Company Board, is reasonably capable of being obtained by such third party.

  • Alternative Transaction Proposal means any offer, proposal or indication of interest (whether binding or non-binding), or any public announcement of an intention to make any offer, proposal or indication of interest, to the Company or Company Stockholders regarding an Alternative Transaction.

  • Unsolicited proposal means a written proposal for a public-private initiative that is submitted by a private entity for the purpose of entering into an agreement with the department but that is not in response to a formal solicitation or request issued by the department.

  • Request for Proposal (RFP means the solicitation document issued by Purchasing to potential vendors for the purchase of equipment, supplies, and/or services as described in the document. The definition includes these Terms and Conditions as well as all Pricing Pages, Exhibits, Attachments, and Addendums thereto.

  • Request for Proposals (RFP means all documents, including those attached or incorporated by reference, used for soliciting proposals.

  • Responsive Proposal means a Proposal that complies with the material provisions of this RFP.

  • Transaction Proposals has the meaning specified in Section 8.2(b).

  • Alternative Restructuring Proposal means any inquiry, proposal, offer, bid, term sheet, discussion, or agreement with respect to a sale, disposition, new-money investment, restructuring, reorganization, merger, amalgamation, acquisition, consolidation, dissolution, debt investment, equity investment, liquidation, tender offer, recapitalization, plan of reorganization, share exchange, business combination, or similar transaction involving any one or more Company Parties or the debt, equity, or other interests in any one or more Company Parties that is an alternative to one or more of the Restructuring Transactions.

  • Technical Proposal means the Contractor’s Technical Proposal dated (Technical Proposal date).

  • Request for Proposal or “RFP” means all documents, including those attached or incorporated by reference, used for soliciting proposals.

  • Integration Proponent means in relation to an Integration Agreement, “the Company” or “the Joint Venturers” as the case may be as defined in, and for the purpose of, that Integration Agreement;

  • Change Proposal means a proposal (in the standard form) for any alteration of, or addition to, or omission from, the Contractor’s Brief or any change in the design, quality or quantity of the Works put forward by the Contractor or the Commercial Officer;

  • Ballot proposition means a question, issue, or proposal that is submitted to voters

  • Indirect cost rate proposal means the documentation prepared by a governmental unit or subdivision thereof to substantiate its request for the establishment of an indirect cost rate.

  • Superior Proposal has the meaning set forth in Section 5.09(a).

  • Proposal / Bid means the technical proposal and the commercial/financial proposal.

  • Eligible Proposal means a Proposal that meets or exceeds the prescribed requirement, proceeding to the next stage of evaluation;

  • Competing Proposal means a proposal, offer or invitation to the Company, any Party or any of a Party’s Affiliates (other than the Proposal), that involves the acquisition of Control of the Target, a sale of all or a substantial part of the assets of the Target, a restructuring or recapitalization of the Target, or some other transaction that would adversely affect, prevent or materially reduce the likelihood of the consummation of the Transaction with the Parties.

  • Company Acquisition Proposal means any offer, indication of interest or proposal (other than an offer or proposal made or submitted by or on behalf of Parent or any of its Subsidiaries) contemplating or otherwise relating to any Company Acquisition Transaction.

  • Superior Company Proposal has the meaning set forth in Section 6.02(e).