Estimated Change in Project Costs definition

Estimated Change in Project Costs means, in respect of any Relevant Event, the aggregate of any Change in Costs and/or (without double counting) Change in Revenue (as relevant);
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Estimated Change in Project Costs in respect of any Relevant Event the aggregate of any Change in Costs and/or Change in Revenue (as relevant); "Estimated Fair Value of the Contract" the amount determined in accordance with Clause 41.3 (No Retendering Procedure) that a third party would pay to the Authority as the market value of the Deemed New Contract [and on the assumption that a Consent under Section 27 Housing Act 1985 has been given in respect of any Management Agreement (as defined in Section 27) which the Deemed New Contract may constitute;
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Estimated Change in Project Costs means the aggregate of any estimated increased construction costs, operating costs and financing costs less the aggregate of any reduced construction costs, operating costs and financing costs taking into account the matters set out in Schedule 20 1(d) and in particular any change in revenue that results from the change;
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Examples of Estimated Change in Project Costs in a sentence

  • The Contractor shall use the Reference Price to produce the Estimated Change in Project Costs and, subsequently, the Change in Project Costs.

  • The Independent Technical Adviser shall comment on the Estimated Change in Project Costs and the Change in Project Costs within the time periods to be agreed by the Contractor and the Authority and specified in the appointment of the Independent Technical Adviser.

  • The Service Provider shall ensure that the performance risk involved in implementing the High Value Change and any interface risks involved in linking new services with the Service are reflected (depending on the risk profile of the High Value Change) in the Estimated Change in Project Costs and not priced separately over and above the Estimated Change in Project Costs.

  • Subject to Clause 23.6, following compliance by the Contractor of the requirements of Clause 23.4, then in the case of the Relief Amount being incurred by the Contractor, the Authority shall compensate the Contractor for the actual Estimated Change in Project Costs as adjusted to reflect the actual Relief Amount reasonably incurred.

  • Adjusting the Inputs Sub-hubco may make Input Adjustments to the extent required to reflect the Estimated Change in Project Costs arising out of the Relevant Event.

  • The Contractor shall not include any separate charge or fee payable to the Contractor or any sub-contractor of the Contractor in the costs included in the Estimated Change in Project Costs.

  • In particular the Benchmarking Report shall include full supporting evidence of the assumptions, source of market price and information and conclusions reached including: the methodology and all assumptions by which the Estimated Change in Project Costs was determined; assumptions made in respect of the Comparable Market; full details of sources of the information used including evidence as to reputation and independence of such sources; and such other details as the parties may agree.

  • The Service Provider shall use the Reference Price to produce the Estimated Change in Project Costs and, subsequently, the Agreed Change in Project Costs.

  • For the purposes of paragraph 2.2(a) of part 3 (Medium Value Changes) to schedule 25, the unit rates used in the calculation of the relevant Estimated Change in Project Costs shall be agreed at such time between the Contractor and the Authority and such rates shall reflect the applicable market rates at that time.

  • The Authority may refer the calculation of the Estimated Change in Project Costs and Agreed Change in Project Costs to Dispute Resolution if it considers that the principles ofClause 64.3 (Principles of Adjustment) have not been followed or have not been correctly interpreted.


More Definitions of Estimated Change in Project Costs

Estimated Change in Project Costs means in relation to Clause 5.2 (Delays in Service Commencement Due to a Compensation Event), Clause 12 (Change in Service)Events), and Clause 1314 (Change in Law), the aggregate of any estimated increasedincrease in construction costs, operating costs and financing costs less the aggregate of any reducedestimated reduction in construction costs, operating costs and financing costs;
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Estimated Change in Project Costs means the aggregate of any estimated increased Capital Expenditure, Operating Costs and financing costs less the aggregate of any estimated reduced Capital Expenditure, Operating Costs and financing costs (which may have a positive or a negative amount) other than any such costs or losses arising in respect of the Commercial Contracts; "Estimated Fair Value of the Agreement" means the amount determined in accordance with Clause 56.2 (No Retendering Procedure) that a Third Party would pay to the Authority as the market value of the Deemed New Agreement;
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Estimated Change in Project Costs means the aggregate of any estimated increased construction, operating, insurance and financing costs and loss of revenue less the aggregate of any estimated reduced construction, operating and financing costs and/or increase in revenue, which result directly from a Works Compensation Event, a Services Compensation Event, a Qualifying Change in Law or an Authority Change in terms of Clause 56 (Variations) (as the case may be) which costs:
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Estimated Change in Project Costs means in relation to paragraph 3 of Schedule
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Estimated Change in Project Costs means in relation to [Clause 34 – Schedule A] (Variations) the aggregate of any estimated increased construction costs, operating costs and financing costs less the aggregate of any reduced construction costs, operating costs and financing costs;
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Estimated Change in Project Costs means the aggregate of any estimated increase in construction costs, operating costs and financing costs less the aggregate of any estimated reduction in construction costs, operating costs and financing costs, in each case incurred in relation to the Works or the Airport Services. "EUR" or "Euros" means the lawful currency of the European Union and Montenegro.
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Related to Estimated Change in Project Costs

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Qualified Project Costs shall have the meaning given to it in the Regulatory Agreement.

  • Total Project Costs means the total amount of money required to complete the Project.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • Total Project Cost means the lowest of the following:

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Approved Operating Expenses means Operating Expenses incurred by Borrower or by any Manager on Borrower’s behalf (excluding any Restricted Payments) which (i) are included in the Approved Annual Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Properties, (iii) are for Management Fees, or (iv) have been approved in writing by Lender as Approved Operating Expenses; provided, however, that Approved Operating Expenses shall also include, for any calendar month in which Operating Expenses exceed the Monthly Operating Expense Budgeted Amount, the amount of such excess Operating Expenses up to and not to exceed ten percent (10%) of the Monthly Operating Expense Budgeted Amount for such calendar month as to which Borrower provides to Lender a reasonably detailed explanation of the reasons for and expenditures resulting in Operating Expenses exceeding the Monthly Operating Expense Amount.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Independent expenditure means an expenditure by a person:

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Direct Costs means the sum of the following:

  • Estimated Costs means costs estimated by the Authority as likely to be:

  • Property EBITDA means for any property owned by Ventas, Inc. or any of its Subsidiaries as of the date of determination, for any period of time, the net income (loss) derived from such property for such period, before deductions for (without duplication):

  • Total Operating Expenses means all costs and expenses paid or incurred by the Company, as determined under generally accepted accounting principles, that are in any way related to the operation of the Company or to Company business, including advisory fees, but excluding (i) the expenses of raising capital such as Organization and Offering Expenses, legal, audit, accounting, underwriting, brokerage, listing, registration, and other fees, printing and other such expenses and tax incurred in connection with the issuance, distribution, transfer, registration and Listing of the Shares, (ii) interest payments, (iii) taxes, (iv) non-cash expenditures such as depreciation, amortization and bad debt reserves, (v) incentive fees paid in compliance with the NASAA REIT Guidelines, (vi) Acquisition Fees and Acquisition Expenses, (vii) real estate commissions on the Sale of Properties, (viii) Financing Coordination Fees and (ix) other fees and expenses connected with the acquisition, disposition, management and ownership of real estate interests, mortgage loans or other property (including the costs of foreclosure, insurance premiums, legal services, maintenance, repair and improvement of property).

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • 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.

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Estimated Net Working Capital shall have the meaning set forth in Section 2.3(a).

  • Property Expenses means the costs (including, but not limited to, payroll, taxes, assessments, insurance, utilities, landscaping and other similar charges) of operating and maintaining any Eligible Property or Property which secures Other Recourse Debt that are the responsibility of the Borrower or the applicable Material Subsidiary that are not paid directly by any Tenant, but excluding depreciation, amortization, interest costs and maintenance capital expenditures.

  • Anticipated county property tax revenue availability means the