M&V Fee definition
M&V Fee means an annual fee paid to Contractor by the Political Subdivision for Contractor’s satisfactory performance of the M&V Services, as set forth in Article 13. The M&V Fee is included as a part of the EPC Maximum Contract Price.
Examples of M&V Fee in a sentence
Project No. 2024-909 2c.2 Measurement and Verification (M&V) Fee for the work described in Section 2a.