Cost Model means a breakdown of the scope of the Project that is initially developed by CM@Risk during the conceptual design phase and based on information from the Project Team and CM@Risk’s records of similar Projects. The model will evolve as the design progresses and be maintained by CM@Risk throughout the design phase and will include any assumptions and clarifications made by CM@Risk. Cost Model will support any cost estimates, Alternate Systems Evaluations and eventually any GMP, when required by the Project Team. Cost Model is subject to approval by City in its sole discretion.
Cost Model means the detailed cost information for the Project as described in Subsection 2.3(D) below.
Cost Model means a breakdown of the scope of the Project that is initially developed by JOC during the conceptual Design Phase and based on information from the Project Team and JOC’s records of similar projects. The model will evolve as the design progresses, be maintained by JOC throughout the Design Phase and will include any assumptions and clarifications made by JOC. Cost Model will support any cost estimates, Alternative Systems Evaluations and eventually any GMP Proposals, when required by the Project Team. Cost Model is subject to approval by City in its sole discretion.
Examples of Cost Model in a sentence
The Service Provider strictly reserves the right to amend or modify the Cost Model used to derive Tariffs including without limitation for the purpose of complying with the directions of a Competent Authority.
The applicable tariffs for services delivered in respect of Market A are derived from the Cost Model outlined above, subject to any adjustments that ComReg may direct.
U.S. EPA published a revision of its “Work Breakdown Structure-Based Cost Model for Granular Activated Carbon Drinking Water Treatment” in March 2023.
The parties shall meet to review the Cost Model for the purposes of reaching an understanding of the adjustment analysis.
More Definitions of Cost Model
Cost Model means the summary cost model tables set out in the Contractor's tender submission (including, for the avoidance of doubt, the supporting analysis related to such tables), as updated from time to time;
Cost Model means a breakdown of the scope of the Project that is initially developed by JOC during the conceptual Design Phase and based on information from the Project Team and JOC’s records of similar projects. The model will evolve as the design progresses, be maintained by JOC throughout the Design Phase and will include any assumptions and clarifications made by JOC. Cost
Cost Model means the cost model used by FortisBC Energy to determine the Initial Firm Demand Toll, variables of which include the Forecast Rate Schedule 50 Annual Demand, Cost of Service of System Upgrades, capital investment in System Upgrades and a System Contribution.
Cost Model means a breakdown of the scope of the Project that is initially developed by CM@Risk during the conceptual design phase and based on information from the Project Team and CM@Risk’s records of similar Projects. The model will evolve as the design progresses and be maintained by CM@Risk throughout the pre-construction phase and will include any assumptions and clarifications made by CM@Risk. Cost Model will support any cost estimates, Alternate Systems Evaluations and eventually any GMP, when required by the Project Team. Cost Model is subject to approval by City in its sole discretion.
Cost Model means the open and transparent model that the Contractor develops and uses through the Preconstruction Phase so that estimates and assumptions are communicated to the Principal Representative, Design Consultant and Independent Cost Estimator. Contractor must use a Cost Model reasonably consistent in approach with that provided for the Bid Item Pricing in the Contractor’s Price Proposal documents unless otherwise agreed to by the Principal Representative. Although the Bid Item Pricing proposal addressed only the bid items listed in the RFP, the accepted estimating model shall be applied to the entire Project during the CM/GC design process to arrive at the OPCCs and Construction CAP. During Project execution, the Contractor shall use the accepted version of the Contractor’s proposed approach to price and estimating model.
Cost Model means the open and transparent model that the Contractor develops and uses through the Design Phase so that estimates and assumptions are communicated to the Town, Design Consultant and Independent Cost Estimator.
Cost Model any model set out in Annex 4 (Cost Model) of Schedule 7.1 (Charges and Invoicing) as may be amended from time to time in accordance with this Agreement, which sets out the underlying principles which make up the Charges;