estimated expense definition
estimated expense means the amount of the expenses which the Authority consider are properly to be incurred in the execution of the eligible works together with the amount of the costs which the Authority considers have been properly incurred, or are properly to be incurred, with respect to preliminary or ancillary services and charges.
estimated expense means the total costs associated with ----------------- workers' compensation claims, on a nominal basis, occurring between April 1, 1999 and March 31, 2000, as finally determined in accordance with the procedures in Section 9.15, to the extent applicable. Total costs will be calculated as the sum of: (x) the difference between the low-value loss, allocated loss adjustment expense and third party claim administration fees reserve estimates at March 31, 2000 and April 1, 1999, plus (y) the amount of loss, allocated loss adjustment ---- expense and third party claim administration fees paid during the period April 1, 1999 to March 31, 2000, plus (z) the amount of any premiums relating to the ---- company's workers' compensation insurance programs that were expensed during this period. The reserve amounts referenced in clause (x) in the preceding sentence will include case reserves and IBNR (which includes adjustments for claims incurred but not yet reported and for inadequate case reserves).