Expected Cost definition

Expected Cost has the meaning set forth in Section 9.3.3.
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Expected Cost means at all times prior to 9 April 2021 the Old Expected Cost and from and including 9 April 2021 the New Expected Cost.
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Expected Cost is the IPD Team’s best estimate of the final Actual Cost of the Project at the time of the Validation Study, based upon current best practices on similar IPD projects, as adjusted according to this Agreement.
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Examples of Expected Cost in a sentence

  • If and to the extent any deductibles on account of the Subcontractor Default Insurance policy (as described in Exhibit 5) are paid as a Cost of Work, such amount shall be added to the Allowable Cost, Expected Cost, Target Cost and EMP by way of Change Order.

  • Based on the calculation in Attachment A, Exhibit 1, Section IV(F) of this Agreement, the State or its designee will determine if the Actual Cost of Care is less than the Expected Cost of Care for the Performance Year.

  • An Excusable Delay will result in an extension of the Contract Time, in accordance with this Section, but shall not result in any adjustment of the Allowable Cost, Expected Cost, Target Cost or the EMP.

  • Failure of the Parties to agree on an adjustment of the Allowable Cost, Expected Cost, the Target Cost, the EMP or the Contract Time shall not excuse the Architect or the CM/GC from proceeding with prosecution and performance of the Work and Services, including the Work and Services covered by the Construction Change Directive.

  • Architect will have authority to order minor changes in the Work not involving adjustment in the Allowable Cost, Expected Cost, the Target Cost, the EMP or the Contract Time and not inconsistent with the intent of the Contract Documents.

  • When both additions and credits covering related Work, Services or substitutions are involved in any change in the Work or Services, adjustment of the Allowable Cost, Expected Cost, the Target Cost, and the EMP shall be figured on the basis of net increase, if any, with respect to such change in the Work or Services.

  • At Owner's request, and at a price approved by the Core Group, Record Drawing Party shall provide the Record Drawings and Annotated Specifications in an electronic format specified by Owner, and the Allowable Cost, Expected Cost, Target Cost and the EMP shall be adjusted, by appropriate Change Order.

  • If Owner expressly provides notice of its intent to suspend the Project, CM/GC and Architect shall promptly provide Owner with an estimate of any impact on: (i) during the Construction Phase, the Allowable Cost, Expected Cost, Target Cost and the EMP; or (ii) during the Validation Phase or the Design and Procurement Phase, the Allowable Cost, Expected Cost and Target Cost that will result from the suspension.

  • Once the Expected Cost has been approved, the Architect’s Fees shall not be decreased as a result of any Change Order.

  • No adjustment of the Allowable Cost, Expected Cost, Target Cost, the EMP or the Contract Time shall be made to the extent that performance is, was, or would have been so suspended, delayed or interrupted by another cause for which an IPD Team Member is responsible.

Related to Expected Cost

  • Standard Cost means any cost computed with the use of preestablished measures.

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Recoverable cost means the state and federal share of the questioned cost.

  • Increased Cost has the meaning specified in Section 3.01.

  • Fully Loaded Cost means the direct cost of good or service plus all applicable indirect charges and overheads.