Completion Dates. Activities shall include actual start and completion dates, the remaining duration, the percentage of physical work complete. This percentage will be used to calculate the "earned value" progress for each activity. For the measure of percentage complete, standardized percentages may be used for each step of routine evolutions, however, separate activities for each specified step shall appear as a schedule activity. The Buyer shall clearly identify the unit of measure, tons, and work zones used to develop the earned value. The Buyer shall not use workdays as the unit of measure.
Appears in 6 contracts
Sources: Contract for Sale of Vessel, Sale Agreement, Contract for Sale of Obsolete Vessel