Probable Cost Estimate definition

Probable Cost Estimate is the Purchasing Entity's estimate of what it will cost for the Offeror to complete the contract based on the Purchasing Entity's evaluation of the offeror's technical proposal and proposed costs. This estimate is complimentary with and must be performed in conjunction with all cost realism analyses and is a principal product of the Purchasing Entity in the source selection evaluation process. Cost Realism services shall include, but are not limited to: • Determining the Offeror’s price is realistic for the work proposed • Understanding and implementation of contract risk factors • Developing a Purchasing Entity’s probable cost estimate • Conducting cost to technical realism analysis Outputs: Cost realism analyses.
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Examples of Probable Cost Estimate in a sentence

  • Probable Cost Estimate: An estimate of the costs to construct the facility including all of the structure.

  • Establish a procedure to notify the minor’s parent/legal guardian in case of an emergency, including medical or behavioral problem, natural disasters, or other significant program disruptions.

  • Combined with the military records of Ukraine on the use of artillery, and the possibility of contacting the families of casualties, morgues, hospitals or other sources for verification, it is possible for the Government to assess the damage caused by its use of artillery.

  • Document, Ives Resident Condition Assessment, Exterior Rehabilitation Probable Cost Estimate, copy of facsimile, with handwritten notations, undated (facsimile received 4 January 1996), 1 page.

  • Most Probable Cost Estimate When developing a most probable cost estimate, consider the following points.

  • Wickepin Caravan Park Redevelopment - Extract of Report – Opinion of Probable Cost Estimate 2022 A discussion was held with ORA on next steps.

  • Cost Estimate Based upon the above scope of services and our understanding of the project, we have prepared the attached Probable Cost Estimate which shows the estimated quantities of work and unit fees.

  • Project Plans and Specifications were completed.2. Engineer’s Opinion of Probable Quantity Estimate was prepared.3. Engineer’s Opinion of Probable Cost Estimate will be completed by February 18th, 2022.

  • In the event additional services are Xxxxx Xxxxxx, City of Xxxxxx August 3, 2016 required beyond those detailed in this contract, such will be performed on a time and materials basis at the unit rate as shown on the Probable Cost Estimate.

  • The Construction Documents Probable Cost Estimate performed by Robinson Company was $1,364,099, including alternate bids determined to be in the best interests of the District to accept.

Related to Probable Cost Estimate

  • Current closure cost estimate means the most recent of the estimates pre- pared in accordance with § 265.142 (a), (b), and (c).

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Estimate means to be based on technical evaluation of the sources contributing to the discharge including, but not limited to, pump capabilities, water meters, and batch discharge volumes.

  • Reasonable Costs means the reasonable actual costs and expenses incurred by us in carrying out any further Audit under this Contract, including, but not limited to, reasonable travel and subsistence costs;

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.