Open Book definition

Open Book means that there must be full disclosure of costs charged by the ESCo, to the Project Balance and these costs must be subject to audit and approval by Canada.

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Open Book means the transparent sharing of all accounting information including actual costs in order to aid financial governance and to enable structured cost reduction initiatives.

Open Book means an accounting model whereby costs and returns (both to the Contractor and the Grantor) will be visible and transparent, without making sensitive financial data available to competitors.

Examples of Open Book in a sentence

A9 and E9.1, as the delivery of this Contract is funded by the Authority using European Social Fund (ESF) funds the Contractor and any Sub-contractors appointed by it shall be bound by the additional ESF Requirements, including but not limited to the requirement to maintain the Open Book Data until at least the Document Retention End Date.
In submitting your tender, and throughout the life of the contract, you will be expected to follow the principles of Open Book Accounting and contract management.
If reference to price allocations is inappropriate and if requested by TxDOT, negotiation for lump sum or unit price Change Orders shall be on an Open Book Basis and may be based on the pricing contained in the EPDs as well as Subcontractors’ bid prices.
If the Supplier makes a notification to the Customer pursuant to Clause 50.4, the Supplier shall respond promptly to the Customer's enquiries, co-operate with any investigation, and allow the Customer to audit any books, records and/or any other relevant documentation in accordance with Clause 21 (Records, Audit Access and Open Book Data).
If the Supplier makes a notification to the Customer pursuant to Clause 39.4, the Supplier shall respond promptly to the Customer's enquiries, co-operate with any investigation, and allow the Customer to audit any books, records and/or any other relevant documentation in accordance with Clause 12 (Records, Audit Access and Open Book Data).

More Definitions of Open Book

Open Book means the transparent and full disclosure of information to be undertaken in utmost good faith and to include the declaration of all information which the Borough is required to maintain keep or disclose under this Agreement and any other financial components such as price, profit margins, central office overheads, site overheads, preliminaries, contingencies and the cost of all materials, goods, equipment, work and service, apportionments of these items with all and any books of accounts, correspondence, agreements, orders, invoices, receipts and other documents available for inspection; Permitted Disposal means:

Open Book means the declaration of all price components including profit margins, central office overheads, site overheads, preliminaries, contingencies and the cost of all materials, goods, equipment, work and services with all and any books of accounts, correspondence, agreements, orders, invoices, receipts and other documents available for inspection;

Open Book means a method of procuring an unsolicited project where the contracting authority signs the contract with the original proponent who receives a defined return and must conduct a transparent bidding process for each component of the project in order to get the best price;

Open Book means the interactive process between the Board and the Supplier under which the Supplier makes available to the Board all Records prepared or maintained by the Supplier in respect of each Work Order, each Service Contract, and this MSA. Open Book is an active, co-operative process between the Board and the Supplier and is in addition to and not in substitution of the Board’s rights pursuant to Article 31 (Audit Rights).

Open Book means on any GMP-based or Change Order, the CITY may attend any and all meetings or discussions pertaining to the Project, including bid openings, and shall have access to all books, invoices, accounts, memoranda, correspondence, and written communications or records of any kind pertaining to the Project, including without limitation, those stored in electronic format. Pre-Construction Work means the services to be provided under the Pre-Construction Services Contract that includes participating as a member of the Project Team exercising the degree of care, skill, diligence and judgement a professional Construction Manager experienced in the performance of such services for construction and/or facilities of similar scope, function, size, quality, complexity and detail to the Project. CMAR shall, at all times, perform the required services consistent with sound and generally accepted engineering principles and construction management and construction contracting practices. Professional Services means those services within the scope of the practice of architecture, professional engineering, landscape architecture, or registered surveying and mapping, as applicable, as defined by the laws of the State of Florida, or those performed by any architect, professional engineer, landscape architect, or registered surveyor or mapper in connection with his or her professional employment or practice.

Open Book means transparent and full disclosure of all documentation and calculations relating to the determination of costs incurred or anticipated to be incurred by or on behalf of the Partner in complying with its obligations in this Agreement in order to satisfy the Council that these costs are accurate, reasonable and represent value for money as further detailed in paragraph 1.2, Part 1 of Schedule 3 (subject to the FOIA Protocol (where applicable))

Open Book means access to financial information held by or on behalf of the CONTRACTOR including but not limited to: