Target cost, as used in this contract, means the estimated cost of this contract as initially negotiated, adjusted in accordance with paragraph (d) of this clause.
Target cost,. To be cited in each individual task order" Target Profit: "To be cited in each individual task order" Target Price: "To be cited in each individual task order" Ceiling Price: "To be cited in each individual task order" B035 CONTRACT TYPE: LABOR- HOUR (DEC 2005)
Target cost,. To be cited in each individual task order" Target Fee: "To be cited in each individual task order. Maximum Fee: "To be cited in each individual task order. Minimum Fee: "To be cited in each individual task order. Government: "To be cited in each individual task order. Contractor: "To be cited in each individual task order. Applies to Cost-Plus-Incentive-Fee (Performance) CLIN(s) only. B058 CONTRACT TYPE: COST-PLUS-FIXED-FEE (DEC 2005) The estimated cost and fee shall be cited in each individual task order. The applicable fixed fee identified may be increased or decreased only by negotiation and modification of the contract for added or deleted work. As determined by the contracting officer, it shall be paid as it accrues, in regular installments based upon the percentage of completion of work (or the expiration of the agreed-upon period(s) for term contracts).
Examples of Target cost, in a sentence
The Target Cost cannot exceed the Owner's Budget , unless adjusted by Change Order.
To the extent required by the PMT, the General Contractor will cause certain subcontractors to be covered under subcontractor default insurance, or to furnish payment and performance bonds in full compliance with Applicable Law for the full subcontract amount, with the additional costs adjusting the Target Cost through executed Change Order.
Change Orders will be used to document changes to the Project Objective and will include approved adjustment to the Target Cost, Contract Time, or ICL.
Any such offset will be reversed after Project Final Completion if the actual Chargeable Costs do not exceed the Target Cost.
When a proposed method of dealing with the risk has been identified, the projected Chargeable Costs for the solution will replace the risk register for that risk in the Target Cost.
More Definitions of Target cost,
Target cost, to be cited in each individual order" Target Profit: "to be cited in each individual order" Target Price: "to be cited in each individual order" Ceiling Price: "to be cited in each individual order" Applies to Fixed-Price Incentive (Firm Target) CLIN(s) only. B031 CONTRACT TYPE: FIXED- PRICE- INCENTIVE -- SUCCESSIVE TARGET (FEB 1997) The contract line items subject to price revision and price ceiling are set forth below. The profit adjustment formula is set forth in FAR 52.216-17. Target Cost: "to be cited in each individual task order" Target Profit: "to be cited in each individual task order" Target Price: "to be cited in each individual task order" Ceiling Price: "to be cited in each individual task order" B035 CONTRACT TYPE: LABOR- HOUR (DEC 2005)
Target cost, has the meaning given in paragraph 2.1.2 of Section 4 (High Value Changes) of this Schedule Part 16 (Change Protocol);
Target cost, is the initial cost of the Work established during the Validation Phase and Target Value Design by the Owner and Risk/Reward Team members which includes all Chargeable Costs to complete the Work described in the Base Program. The lower of (i) the Owner's Budget and (ii) the Target Cost will be used as the threshold for which the Added Value Incentive Items and Base Program are compared in order to determine whether ICL is increased during the Design/Preconstruction Phase.
Target cost, or "TC" means, in relation to:
Target cost, as used in this Order, means the estimated cost of this Order as initially negotiated, adjusted in accordance with paragraph (d) of this clause.
Target cost, or "TC" means, in relation to any PBF Assessment Period beginning on 1 April in any year, the aggregate of all forecast Costs falling within the relevant PBF Assessment Period (excluding any Capital Expenditure, forecast Non-Recoverable Costs or forecast Disallowable Costs) set out in the profit and loss accounts included in the Annual Business Plan, expressed as a positive number;
Target cost, as used in this Contract, means the estimated cost of performing the Statement of Work as mutually agreed to by the Parties in accordance with Section 3.1.