QVM definition
Examples of QVM in a sentence
For the purpose of calculating the non-qualifying value of materials pursuant to paragraph 2(b), the following formula shall be applied: N.Q.M. = T.V.M. – Q.V.M. where: (a) T.V.M. is the total value of materials; and (b) Q.V.M. is the qualifying value of materials, which is the value of the materials that can be attributed to one or both the Parties.
Regardless of chassis purchased, all bidders shall be members in good standing of the Ford Motor Company Qualified Vehicle Modifier Program (Q.V.M.).
The contractor shall conduct reliability testing on the system(s) as part of PQT, delta PQT, FAT, and periodically as specified in the QVM to verify continued compliance with the system reliability requirements.
Upon written request, a review by the QVM Program Manager will be made.
If Modifier is not satisfied with the decision of the QVM Program Manager, then a formal review by the QVM Steering Committee will be performed if requested by Modifier in writing.
PQT-C Reliability testing is conducted as part of contractor qualification testing IAW the QVM of the FWS-I performance specification.
In the event that a Modifier does not achieve a rating sufficient to qualify for the QVM Program, it may request a reconsideration of the rating.
QVM also commits to paying backpay to Employees at each Employee's respective pay rate immediately following the Commencement Increase for all hours worked by Employees covered by this Agreement from the date that the Agreement is ’made’ by QVM Employees (that is, the date a majority of Employees who cast a valid vote, vote in favour of the Agreement’s approval by the FWC).
Requests shall be made writing to the Director of Transit at least two (2) months in advance of the vacation Granting of such requests will be at the sole discretion of management.
Modifier may at its option, advertise or promote its qualification under the QVM Program.