Project Value Clause Samples

The 'Project Value' clause defines the total monetary worth assigned to a project under a contract. It typically specifies the agreed-upon sum that covers all deliverables, services, and obligations outlined in the agreement, and may detail how this value is calculated or adjusted in response to changes in scope. By clearly stating the project's financial value, this clause ensures both parties have a mutual understanding of the contract's scale and helps prevent disputes over payment expectations or project scope.
Project Value. 8.1 The Civil Works Merchant agrees and confirms that the Project Value shall be subject to subsequent increase or decrease only due to the reasons as mentioned below: (i) Additional scope of work from the Customer’s end; (ii) Change in scope of work from the Customer’s end; (iii) Delay in Civil Project completion due to factors in control of the Customer; (iv) Any other material reason that the Service Provider may deem fit; (v) Any regulatory or taxation changes; (vi) Factors not in control of the Civil Works Merchant, Service Provider or the Customer; and/or (vii) Change in the Civil Project design. 8.2 The quantum of increase or decrease in the Project Value shall be determined on Civil Project to Civil Project basis, as maybe mutually agreed in writing between the Customer and the Civil Works Merchant in consultation with the Service Provider. FULFILLMENT SUPPORT SERVICES TERMS The Pepperfry Platform is committed to ensuring that all support services being offered by it or its group companies to Merchants are offered in a fair and non-discriminatory manner. The Fulfillment Support Services being offered hereunder are being made available to all Merchants who opt for availing the same (and to all Merchants in similar circumstances in a fair and non-discriminatory manner). These additional terms (“Fulfillment Support Services Terms”) shall form an integral part of the E-commerce Service Agreement and shall be read in consonance with the E – Commerce Service Agreement and the Terms of Use. The Warehousing Terms shall be co-terminus to the E – Commerce Service Agreement and shall be applicable to the Merchants availing Fulfillment Support Services. In the event of conflict between the E-Commerce Service Agreement, Terms of Use and the Fulfillment Support Services Terms, the Fulfillment Support Services Terms shall prevail.
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Project Value. 8.1. The Civil Works Merchant agrees and confirms that the Project Value shall be subject to subsequent increase only due to the reasons as mentioned below: (i) Additional scope of work from the Customer’s end; (ii) Change in scope of work from the Customer’s end; (iii) Delay in Civil Project completion due to factors in control of the Customer; (iv) Any other material reason that the Service Provider may deem fit; (v) Any regulatory or taxation changes; (vi) Factors not in control of the Civil Works Merchant, Service Provider or the Customer; and/or (vii) Change in the Civil Project design. 8.2. The Civil Works Merchant agrees and confirms that the Project Value shall be subject to subsequent decrease only due to the reasons as mentioned below (i) Additional scope of work from the Customer’s end; (ii) Change in scope of work from the Customer’s end; (iii) Delay in Civil Project completion due to factors in control of the Civil Works Merchant; (iv) Any other material reason that the Service Provider may deem fit; (v) Any regulatory or taxation changes; (vi) Factors not in control of the Civil Works Merchant, Service Provider or the Customer; and/or (vii) Change in the Civil Project design. 8.3. The quantum of increase or decrease in the Project Value shall be determined on Civil Project to Civil Project basis, as maybe mutually agreed in writing between the Customer and the Civil Works Merchant in consultation with the Service Provider.
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Project Value. As described in Section 10.7(a). Property. As described in the second paragraph of the Recitals.
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Project Value. The equalized value of the Property commencing in the next succeeding tax year following the completion of the Project, and each year thereafter, as determined annually by the Wisconsin Department of Revenue.
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Project Value. $million Site Allowance As at 1.10.2022
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Related to Project Value

  • Project Cost An updated cost spreadsheet reflecting the current forecasted cost vs. the latest approved budget vs. the baseline budget should be included in this section. One way to track project cost is to show: (1) Baseline Budget, (2) Latest Approved Budget, (3) Current Forecasted Cost Estimate, (4) Expenditures or Commitments to Date, and (5) Variance between Current Forecasted Cost and Latest Approved Budget. Line items should include all significant cost centers, such as prior costs, right-of-way, preliminary engineering, environmental mitigation, general engineering consultant, section design contracts, construction administration, utilities, construction packages, force accounts/task orders, wrap-up insurance, construction contingencies, management contingencies, and other contingencies. The line items can be broken-up in enough detail such that specific areas of cost change can be sufficiently tracked and future improvements made to the overall cost estimating methodology. A Program Total line should be included at the bottom of the spreadsheet. Narratives, tables, and/or graphs should accompany the updated cost spreadsheet, basically detailing the current cost status, reasons for cost deviations, impacts of cost overruns, and efforts to mitigate cost overruns. The following information should be provided:

  • Project Cost Overruns In the event that the Recipient determines that the moneys granted pursuant to Section II hereof, together with the Local Subdivision Contribution, are insufficient to pay in full the costs of the Project, the Recipient may make a request for supplemental assistance to its District Committee. The Recipient must demonstrate that such funding is necessary for the completion of the Project and the cost overrun was the result of circumstances beyond the Recipient's control, that it could not have been avoided with the exercise of due care, and that such circumstances could not have been anticipated at the time of the Recipient's initial application. Should the District Committee approve such request the action shall be recorded in the District Committee's official meeting minutes and provided to the OPWC Director for the execution of an amendment to this Agreement.

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Appraised Value If an Objecting Party objects in writing to the Initial Valuation within ten (10) days after its receipt of the Valuation Notice, the Objecting Party, within fourteen (14) days from the date of such written objection, shall engage an Independent Appraiser (the “First Appraiser”) to determine within thirty (30) days of such engagement the Fair Market Value of the Partnership Interests (the “First Appraised Value”). The cost of the First Appraiser shall be borne by the Objecting Party. If the First Appraised Value is at least eighty percent (80%) of the Initial Value and less than or equal to one hundred twenty percent (120%) of the Initial Value, then the Purchase Price shall be the average of the Initial Value and the First Appraised Value. If the First Appraised Value is less than eighty percent (80%) of the Initial Value or more than one hundred twenty percent (120%) of the Initial Value, then the Partnership and the Objecting Party shall, within fourteen (14) days from the date of the First Appraised Value, mutually agree on and engage a second Independent Appraiser (the “Final Appraiser”). The cost of the Final Appraiser shall be borne equally by the Partnership and the Objecting Party. The Final Appraiser shall determine within thirty (30) days after its engagement the Fair Market Value of the Partnership Interests, but if such determination is less than the lesser of the Initial Value and the First Appraised Value then the lesser of the Initial Value and the First Appraised value shall be the value or if such determination is greater than the greater of the Initial Value and the First Appraised Value then the greater of the Initial Value and the First Appraised Value shall be the value (the “Final Valuation”). The Purchase Price shall be equal to the Final Valuation and shall be final and binding upon the parties to this Agreement for purposes of the subject transaction.

  • Total Project Cost With regard to any Real Property acquired prior to or during the development, construction or improvement stages, all hard and soft costs and expenses paid or incurred by or on behalf of the Corporation that are in any way related to the development, construction, improvement or stabilization (including tenant improvements) of such Real Property, including, but not limited to, any debt, whether borrowed or assumed, land and construction costs.