Total Contract Price/Project Cost/TCO definition
Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.
Total Contract Price/Project Cost/TCO means the L1 (lowest in reverse auction) price as discovered under the reverse auction.
Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations. It would be defined as ‘One-time Fixed Fee’ + ‘Maintenance Cost’ paid by the Bank to Bidder during Contract period + ‘Customization Cost’ (if any) paid by the Bank to Bidder during Contract period + ‘Any other Costs’ paid to be Bidder by the Bank
More Definitions of Total Contract Price/Project Cost/TCO
Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations. This would be applicable to LTE/closed RFP which would be floated by various offices/units of the Bank desired in this RFP.