Estimate at Completion definition

Estimate at Completion or “EAC” means the ratio determined by dividing the Applicable Contract Amount (Original Contract + Approved Changes) by Cost Performance Index in respect of the applicable period of time.

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Estimate at Completion means a forecast of cost and time to complete a project. The estimate at completion includes the amount of cost and time incurred to date plus remaining forecasted cost and time;

Estimate at Completion or "EAC" means the Contractor's reasonable estimate (prepared on a P50 estimating basis and in accordance with Good Industry Practice, but subject always to the provisions of Paragraph 3 (EAC Review) of Part 6 (Periodic Reviews) of Schedule 6 (Finance)) of the Allowable Costs (including Actual Costs of Work Performed from the Commencement Date to date, accruals, and the Budgeted Cost of Work Scheduled for activities not yet undertaken) to be incurred by it in Achieving the Interim End State (and, for the avoidance of doubt, the EAC shall be considered to be a report required by Schedule 6 (Finance) for the purposes of applying the provisions of Clause 14.1 (Reporting and Reviewing));

Examples of Estimate at Completion in a sentence

• Estimate at Completion on Dec.10,2017 [***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

• Estimate at Completion on Dec.10,2018 [***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

• Estimate at Completion on March 4,2019 ​ ​ ​ ​ [***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

• Estimate at Completion on September 2019 ​ ​ ​ [***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

• The determination of profit before tax or loss for purposes of this Section 2.1(b) shall be based upon the next quarterly Estimate at Completion ("EAC") for the RAN Contract prepared after expiration of three (3) years from the Effective Time.

• Estimate at Completion on Dec.10,2018 ​ ​ ​ [***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

• The financial aspects shall include the Estimate at Completion (EAC), Actuals to Date (ATD), Estimate to Complete (ETC), amount funded, and outlooks for when additional funding is required, as necessary, for tasks as identified in the TOs. Monthly reports shall also cover technical status including progress of tasks toward delivery (required, estimated, and actual delivery dates) and identification of risk areas.

• Estimate at Completion on Dec.10,2017 ​ ​ ​ [***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

• A WVN is used when the contractor’s Estimate at Completion (EAC) will be greater or substantially less than had been previously estimated or a when a change in the task order has occurred.

• Quarterly the Estimate at Completion (EAC) for the total project shall be reviewed and evaluated for consistency with observed trends in performance, emerging or resolved issues, and changes in the assessment of project risk.

More Definitions of Estimate at Completion

Estimate at Completion means the Estimate at Phase 1 Completion or the Estimate at Phase 2 Completion, as applicable;

Estimate at Completion means an estimate of the total projected overall cost of the project at the time of reporting.