Cost Savings definition

Cost Savings means the Project Budget amount less the amount expended to complete the Work. Cost Savings are determined at the time the Work is completed and the final payment request is submitted by the Grantee to the State. Cost Savings do not result in payment by the State to Grantee above actual expenditures beyond the required ratio, but deobligates unexpended Grant Funds and reduces Grantee’s matching funds requirement. State shall provide written notice to Grantee verifying any Cost Savings.
Cost Savings means in respect of the supply of any goods or services under this contract, the cost savings made by the Provider as a result of New Tax System changes other than the imposition of GST on any such supply, in so far as they are properly allocated to those supplies, or any amount of any input credits available to the Provider in respect of such costs.
Cost Savings has the meaning assigned to it in the definition ofConsolidated EBITDA”.

Examples of Cost Savings in a sentence

  • P-card Cost Savings - Scope 7/1/2019 and 2/28/2022 Recommendation: OPS should review PO transactions and work with the Chief Financial Officer (CFO) to identify ways to encourage the usage of P-cards on low-value items that are purchased regularly and/or on a large scale.

  • These are treated the same way as ‘revenue’.Note: Operational cost-savings that arise as a result of the implementation of energy efficiency measures and which occur after the completion of a project, are no longer treated as net revenue.Net revenue means Revenue plus Operational Cost Savings less Operating Costs.

  • For example, a low-income user who prioritizes comfort over environmental awareness might fall under Cost Savings Priority Case 1.

  • Operational Cost Savings can be excluded if they are offset by an equal reduction in operating subsidies (and therefore are not an overall financial benefit).

  • Foster Care Cost Savings for Children Experiencing HomelessnessAnnual # of ChildrenAccording to data from the federal Adoption and Foster Care Analysis and Reporting System, there were approximately 3,500 children in foster care in Connecticut in 2021.

More Definitions of Cost Savings

Cost Savings means and be determined as follows:
Cost Savings means any remaining undisbursed amounts shown in any Budget as allocated to any line item, or any funds allocated to said line item that exceed the amount of the subcontract for said line item either (a) upon completion of and disbursement for all matters covered by said line item in such Budget, or (b) upon the execution by Borrower and an approved subcontractor of a subcontract for the performance of work or furnishing of materials for said line item in an amount that is less than the Approved Line Item Cost for said item.
Cost Savings means either (i) the completion of any line item in the Budget without the expenditure of all amounts allocated to such line item in the Budget or (ii) demonstration by the Borrower to the Administrative Agent's reasonable satisfaction that a Cost Savings has been realized with respect to any uncompleted line item in the Budget.
Cost Savings means, for each billing cycle during the Term, the total dollar amount of the Counter-factual Bill minus the total dollar amount of the Local Electric Utility bill and, if applicable, any additional Utility bill for the service account listed in Exhibit A.
Cost Savings means cost savings in connection with cost saving initiatives, including, without limitation, consolidation initiatives and related severance costs, inventory optimization programs, closure or consolidation of facilities, reduction in force initiatives, product line terminations or discontinuations, and other similar customer related initiatives.
Cost Savings means Developer’s obligation to pay any resulting cost savings for the Project to Agency to the extent any cost savings are available upon completion of construction of the Project as more fully set forth in Section 311.