Final CPC definition

Final CPC means the document that reflects the final reconciliation of Project costs and all amendments to the CPC that is issued by Authority to Customer upon completion of the Work for a Project.
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Examples of Final CPC in a sentence

  • Contractor will submit a written report to the Facilities Contract Manager by September 1, 2020, outlining Contractor’s plan for program changes to meet CPC evaluation recommendations noted in the program’s Final CPC Report (dated November 25, 2019).

  • In the event Work is suspended for more than ninety (90) days, Authority, in its sole discretion, may terminate Work for that Project and Authority shall issue a Final CPC as provided in Section 3.4(d) below.

  • Customer agrees to pay the Authority the Total Reimbursement Costs specified in the respective CPC as reconciled by the Final CPC.

  • If Customer timely disputes the Final CPC, then the Parties shall endeavor to resolve the dispute as expeditiously as possible in accordance with the procedures set forth in Section 12.2; provided, however, that Customer shall pay any undisputed amounts of Customer’s Short-Term Repayment Obligations set forth in the Final CPC in accordance with Article V hereof.

  • Customer’s Authorized Representative shall be responsible to obtain all necessary approvals, authorizations, and signatures of Customer with respect to any CPC, Change Order, Final CPC and other Transaction Document.

  • The Short Term Repayment Obligation, as set forth in the Final CPC, shall include the Authority’s estimate of Short-Term Interest to be accrued between the issuance of the Final CPC and Short-Term Repayment Obligation Maturity Date.

  • Notwithstanding the terms set forth in the CPC or Final CPC, the Customer shall, within the time specified in the Final CPC, but not later than the Short-Term Repayment Obligation Maturity Date, (a) repay the Short-Term Repayment Obligation from its own sources or (b) repay the Short-Term Repayment Obligation with the proceeds of a Long-Term Repayment Obligation separate contract.

  • The Final CPC will reconcile the Total Reimbursement Costs set forth in the CPC on the basis of Authority’s actual costs and will supersede all prior CPCs. The Final CPC shall also describe the Project-specific terms for the Work completed at the Facility or Facilities, Customer’s Short-Term Repayment Obligation, and the final repayment terms.

  • In the event a Project is terminated before completion, Authority shall issue a Final CPC as provided in Section 3.4(d).

  • Such additional Short-Term Interest will be reflected on subsequent invoices and/or the Final CPC.