Net savings means those savings in project costs realized by the Department as the result of a value engineering change proposal after deducting the contractor’s share of the cost savings.
Examples of Net savings in a sentence
Net savings will be determined by deducting from the proposal’s estimated gross savings 1) the Contractor's costs of developing and implementing the proposal (including any amount attributable to a subcontractor) and 2) the estimated amount of increased costs to the Owner resulting from the change, such as evaluation, implementation, inspection, related items, and Owner -furnished material.
More Definitions of Net savings
Net savings means (Gross Savings) – (savings attributable to Free Riders) + (savings attributable to Spillover) + (savings attributable to Market Effects). Net savings are the energy savings that are attributable to a program’s intervention in the market, exclusive of other reasons for changes in energy use.
Net savings shall have the meaning given in the definition of EBIT.
Net savings shall have the meaning given in Section 7.8 of this Agreement.
Net savings means any positive difference in a
Net savings means the peak demand or energy savings attributable to conservation and demand management activities net of free-riders, etc.
Net savings means the savings in the Seller’s cost under the Contract arising from VMCP less the monetary equivalent Resourced by each of the parties; and
Net savings means energy savings confirmed as resulting from the utility’s energy efficiency programs by an industry best practice process of evaluation, measurement, and verification of the total change in energy use (and/or demand) that is attributable to an energy efficiency program.