Instant unit cost reduction definition

Instant unit cost reduction means the amount of the decrease in unit cost of performance (without deducting any Contractor's development or implementation costs) resulting from using the VECP on this, the instant contract. If this is a service contract, the instant unit cost reduction is normally equal to the number of hours per line-item task saved by using the VECP on this contract, multiplied by the appropriate contract labor rate.

Instant unit cost reduction means the amount of the decrease in unit cost of performance (without deducting any Contractor’s development or implementation costs) resulting from using the VECP on this, the instant contract. If this is a service contract, the instant unit cost reduction is normally equal to the number of

Instant unit cost reduction means the amount of the decrease in unit cost of performance (without deducting any Contractor's development or implementation costs) resulting from using the VECP on this,

Examples of Instant unit cost reduction in a sentence

• Instant unit cost reduction means the amount of the decrease in unit cost of performance (without deducting any Contractor’s development or implementation costs) resulting from using the VECP on this, the instant contract.

• Instant unit cost reduction means the amount of the decrease in unit cost of performance (without deducting any Contractor's development or implementation costs) resulting from using the VECP on this, the instant contract.

• Instant unit cost reduction means the amount of the decreasein unit cost of performance (without deducting any Contractor’s development or implementation costs) resulting from using the VECP on this, the instant contract.

• Instant unit cost reduction means the amount of the decrease in unit cost of performance (without deducting any contractor's development or implementation costs) resulting from using the VECP on the instant contract.

• Instant unit cost reduction means the amount of the decrease in unit cost of performance (withoutdeducting any Contractor’s development or implementation costs) resulting from using the VECP on this, the instant contract.

More Definitions of Instant unit cost reduction

Instant unit cost reduction means the amount of the decrease in unit cost of performance (without deducting any Contractor's development or implementation costs) resulting from using the VECP on this, the instant contract. If this is a service contract, the instant unit cost reduction is normally equal to the number of hours per line-item task saved by using the VECP on this contract, multiplied by the appropriate contract labor rate. -------------------------------------------------------------------------------- CONTINUATION SHEET REFERENCE NO. OF DOCUMENT BEING CONTINUED PAGE DAAH01-98-C-R075 19 OF 29 -------------------------------------------------------------------------------- NAME OF OFFEROR OR CONTRACTOR IRVINE SENSORS CORP --------------------------------------------------------------------------------

Instant unit cost reduction means the amount of the decrease in unit cost of performance (without

Instant unit cost reduction means the amount of the decrease in unit cost of performance (without deducting any Contractor's development or implementation costs) resulting from using the VECP on this, the instant contract. If this is a service contract, the instant unit cost reduction is normally equal to the number of hours per line-item task saved by using the VECP on this contract, multiplied by the appropriate contract labor rate. "NEGATIVE INSTANT CONTRACT SAVINGS" means the increase in the cost or price of this contract when the acceptance of a VECP results in an excess of the Contractor's allowable development and implementation costs over the product of the instant unit cost reduction multiplied by the number of instant contract units affected. "NET ACQUISITION SAVINGS" means total acquisition savings, including instant, concurrent, and future contract savings, less Government costs. "SHARING BASE," as used in this clause, means the number of affected end items on contracts of the contracting office accepting the VECP. "SHARING PERIOD," as used in this-clause, means the period beginning with acceptance of the first unit incorporating the VECP and ending at a calendar date or event determined by the contracting officer for each VECP. "UNIT," as used in this clause, means the item or task to which the Contracting Officer and the Contractor agree the VECP applies. "Value engineering change proposal (VECP)" means a proposal that - (1) Requires a change to this, the instant contract, to implement; and (2) Results in reducing the overall projected cost to the agency without impairing essential functions or characteristics; provided, that it does not involve a change -- (i) in deliverable end item quantities only; (ii)In research and development (R&D) end items or R&D test quantities that is due solely to results of previous testing under this contract; or (iii) To the contract type only. (c)