Over Budget Sample Clauses

Over Budget. The cost indicator shall include the total dollar value expended by all participants in the project even though all expenses have not been invoiced. ▪ SCHEDULE: G (green) - Goal Achievement On-Time; Y (yellow) - Goal Achievement >1% but < 10% Late; and R (red) - Goal Achievement > 10% Behind Schedule. ▪ PERFORMANCE: G (green) - Goals/Major Objectives Will Be Achieved; Y (yellow) - Goals/Several Major Objectives in Jeopardy; and R (red) - Goals Will Not Be Achieved. • Summary of each active 2nd-level WBS element: ▪ Total budget and remaining budget ▪ Expenditure for the month in focus ▪ Estimated % work complete ▪ Brief list of activities/deliverables completed that month ▪ Brief list of activities anticipated in the next month ▪ Brief list of outstanding issues/comments requiring USDOT attention ▪ Status of each deliverable—including the outline, the draft (or interim) version, and the final version • Risk Management Log • Monthly invoices for work performed – due each month, beginning with the end of the first month after Contract award. The Contractor shall attend a project closeout meeting in the Washington, DC area the last week of the project. The Contractor shall present a summary of work performed under each task, the status of each deliverable, and identify pending or incomplete deliverables, and the total funds expended.
Sample 1Sample 2Sample 3
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Over Budget. The cost indicator shall include the total dollar value expended by all participants in the project even though all expenses have not been invoiced. ▪ SCHEDULE: G (green) - Goal Achievement On Time; Y (yellow) - Goal Achievement >1% but < 10% Late; and R (red) - Goal Achievement > 10% Behind Schedule. ▪ PERFORMANCE: G (green) - Goals/Major Objectives Will Be Achieved; Y (yellow) - Goals/Several Major Objectives in Jeopardy; and R (red) - Goals Will Not Be Achieved. • Summary of Tasks 1 through 9 elements per labor categories: ▪ Total budget and remaining budget ▪ Expenditure for the month in focus ▪ Estimated % work complete ▪ Brief list of activities/deliverables completed that month ▪ Brief list of activities anticipated in the next month ▪ Brief list of outstanding issues/comments requiring USDOT attention ▪ Status of each deliverable—including the outline, the draft (or interim) version, and the final version • Risk Management Log • Monthly invoices for work performed and accepted– due each month, beginning with the end of the first month after Contract award. The Contractor shall attend a webinar/teleconference for the project closeout meeting during the last week of the project. The Contractor shall present a summary of work performed under each task, the status of each deliverable, and identify pending or incomplete deliverables, and the total funds expended.
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Over Budget. If the apparent lowest responsive and responsible bid on the Project exceeds the Designer’s Final Estimate by more than five percent (5%), City may request Designer to amend, at Designer’s sole cost and expense, the Final Drawings and Specifications in order to rebid the Project and receive a lowest responsive and responsible bid equal to or less than the Designer’s Final Estimate. All revisions necessary to bring the lowest responsible and responsive bid within the Designer’s Final Estimate, including any omissions, deferrals or alternates, shall be made in consultation with, and subject to the approval of, the City.
Sample 1
Over Budget. If the apparent lowest responsive and responsible bid on the Project exceeds the District’s stipulated project construction budget by more than five percent (5%) after consideration of any deductive alternate bid items, District may request Architect to amend, at Architect's sole cost and expense, the Final Drawings and Specifications in order to rebid the Project and receive a lowest responsive and responsible bid equal to or less than the stipulated project construction budget. All revisions necessary to bring the lowest responsible and responsive bid within the stipulated project construction budget, including deletions, deferrals or alternates, shall be made in consultation with, and subject to the approval of, the District and shall constitute the limit of Architect’s responsibility under this paragraph.
Sample 1
Over Budget. Only those Fixed Cost(s) Over Budget which Xxxxx Source receives notice of and approves shall be subject to reimbursement by Xxxxx Source under this Agreement. 5. Taxes and Tariffs SMRC shall be responsible for and pay or cause to be paid all taxes and tariffs imposed upon SMRC with respect to the performance by SMRC of its operations and obligations under this Agreement and Petro Source shall be responsible for and pay all taxes and tariffs imposed upon Petro Source with respect to the performance of its operations and obligations hereunder.
Sample 1
Over Budget. If the apparent lowest responsive and responsible bid on the Project exceeds the Architect’s Final Estimate by more than ten percent (10%), WestEd may request Architect to amend, at Architect’s sole cost and expense, the Design Development Documents Final Drawings and Specifications other specifications in order to rebid the Project and receive a lowest responsive and responsible bid equal to or less than the Architect’s Updated Project Budget Final Estimate. All revisions necessary to bring the lowest responsible and responsive bid within the Architect’s Updated Project Budget Final Estimate, including any omissions, deferrals or alternates, shall be made in consultation with, and subject to the approval of, WestEd.
Sample 1
Over Budget. In the event the total of the lowest responsible construction bids and construction observation costs for the Trunk Sewer Lines collectively exceeds the sum of $11,200,000, then the City and Parcel Owners will meet to determine whether (i) the City should reject the bid(s) and rebid one or both of the Trunk Sewer Lines in hopes that rebidding will cause the collective sum to be equal or less than $11,200,000; (ii) an alternative design can be identified that could meet the public’s interest while reducing costs; or
Sample 1
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Related to Over Budget

  • Annual Budget (a) The Company and its Subsidiaries shall be operated in accordance with an annual budget, as it may be annually updated from time to time pursuant to this Section 3 (the “Annual Budget”). The initial Annual Budget for the period beginning on the Effective Date and ending on December 31, 2018, including the related variances, is attached hereto as Schedule B-1 (the “Initial Annual Budget”). For each Fiscal Year thereafter, the Asset Manager shall be responsible for preparing and submitting to the Company Board for approval as a Major Decision in accordance with the terms of the Company LLC Agreement a proposed updated Annual Budget, including the related variances. The Annual Budget shall be prepared by the Asset Manager in accordance with the protocols (including the preparation of the back-up materials on the timetable set forth therein) set forth on Schedule B-2 hereto (the “Budget Development Protocols”). The Annual Budget for each Fiscal Year shall be prepared with the same detail and line items as set forth in the Initial Annual Budget and such other detail as the members of the Company Board appointed by the Preferred Partners in accordance with Section 4.3(c) of the Parent LP Agreement (the “Preferred Board Members”) may reasonably request. In connection with the review of a proposed Annual Budget, the Preferred Board Members may reasonably request additional information regarding the materials supporting the proposed Annual Budget or such other information as is necessary or desirable to enable review of such proposed Annual Budget, and the Asset Manager shall provide such requested information. The Preferred Board Members shall consent to or reject the proposed Annual Budget, or request additional information (as provided for above), within ten (10) Business Days following (i) receipt of such proposed Annual Budget or (ii) receipt of all additional information that is, in the determination of the Preferred Board Members, necessary or desirable to enable review of such proposed Annual Budget. The Asset Manager shall comply with the Budget Development Protocols regarding the Preliminary Budget for each Fiscal Year. The Annual Budget shall be prepared and submitted annually by the Asset Manager no later than December 10, 2018 for the next Fiscal Year and thereafter by December 10 of each year with respect to the following Fiscal Year. The Annual Budget for each Fiscal Year shall include use of the pre-funded reserve amounts as shown on Schedule B-3 hereto for the four Fiscal Quarters comprising such Fiscal Year. In connection with the submission of the Annual Budget, the Asset Manager shall also prepare and submit to the Company Board an annual business plan for Parent and its Subsidiaries, including a responsible five-year operations forecast, including the operating metrics set forth on Schedule B-4 hereto (the “Annual Plan”). The Preferred Board Members, or their designated representatives, shall be provided reasonable access to all information, data, reports, models and analyses relied on in developing the Annual Plan (including, for the avoidance of doubt, all financial and silvicultural assumptions, constraints, supporting stand level data, merchantable timber volumes, pre-merchantable acres by species and age class, and acres by land classification).

  • Budget 1. The Grantee budget for grant activities for the 2022 Summer Program and State fiscal year 2023 is $1,720,643. Any funds received under this grant will not be used to supplant funds normally budgeted for programs or service of the same or similar type.

  • Annual Budgets The School shall adopt a budget for each fiscal year, prior to the beginning of the fiscal year. The budget shall be in the Idaho Financial Accounting Reporting Management Systems (IFARMS) format and any other format as may be reasonably requested by the Authorizer.

  • Operating Budget (a) No less than forty-five (45) days prior to the Substantial Completion of each train of the Project, and no less than forty-five (45) days prior to the beginning of each calendar year thereafter, the Borrower shall prepare a proposed operating plan and a budget setting forth in reasonable detail the projected requirements for Operation and Maintenance Expenses for the Borrower and the Project for the ensuing calendar year (or, in the case of the initial Operating Budget, the remaining portion thereof) and provide the Independent Engineer, the Common Security Trustee, and the Senior Facility Agent with a copy of such operating plan and budget (the “Operating Budget”). Each Operating Budget shall be prepared in accordance with a form approved by the Independent Engineer, shall set forth all material assumptions used in the preparation of such Operating Budget, and shall become effective upon approval of the Senior Facility Agent, acting reasonably and in consultation with the Independent Engineer; provided, that if the Senior Facility Agent shall not have approved or disapproved the Operating Budget within thirty (30) days after receipt thereof, such Operating Budget shall be deemed to have been approved; and provided, further that the Senior Facility Agent shall have neither the right nor the obligation to approve costs for Gas purchase contracts for the Project contained in the Operating Budget. If the Borrower does not have an effective annual Operating Budget before the beginning of any calendar year, until such proposed Operating Budget is approved, the Operating Budget most recently in effect shall continue to apply; provided, that (A) any items of the proposed Operating Budget that have been approved shall be given effect in substitution of the corresponding items in the Operating Budget most recently in effect, (B) costs for Gas purchase contracts for the Project shall be as provided by the Borrower and (C) all other items shall be increased by the lesser of (x) two and one-half percent (2.5%) and (y) the increase proposed by the Borrower for such item in such proposed Operating Budget.

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Annual Business Plan and Budget As soon as practicable and in any event not later than thirty (30) days after the end of each Fiscal Year, a business plan and operating and capital budget of the Borrower and its Subsidiaries for the ensuing four (4) fiscal quarters, such plan to be prepared in accordance with GAAP and to include, on a quarterly basis, the following: a quarterly operating and capital budget, a projected income statement, statement of cash flows and balance sheet, calculations demonstrating projected compliance with the financial covenants set forth in Section 9.15 and a report containing management’s discussion and analysis of such budget with a reasonable disclosure of the key assumptions and drivers with respect to such budget, accompanied by a certificate from a Responsible Officer of the Borrower to the effect that such budget contains good faith estimates (utilizing assumptions believed to be reasonable at the time of delivery of such budget) of the financial condition and operations of the Borrower and its Subsidiaries for such period.

  • Business Plan The Lenders shall have received a satisfactory business plan for fiscal years 1997 through 2002 and a satisfactory written analysis of the business and prospects of the Borrower and its Subsidiaries for the period from the Closing Date through December 31, 2002.

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