Time & Cost Estimates Sample Clauses

Time & Cost Estimates. A Contract Document may contain Estimates of the time and costs associated with individual or groups of tasks, responsibilities or work to be performed by a Party. Such Estimates are based on the best available information at the time, but are not binding or conclusive and will be impacted by the discovery and identification of new information, issues, requirements and technical problems as a Project progresses. If either Party is aware or becomes aware of an issue that will impact a time or cost Estimate, it will use its commercially reasonable best efforts to promptly inform the other. The Parties will then work together in good faith to prepare and agree to an appropriate Change Request reflecting the new information. Time and cost Estimates provided by the Parties are not to be considered as contractually binding minimums, maximums or fixed prices unless a Contract Document specifically provides otherwise. All work performed by DataSync under this Agreement is performed for and will be billed to Client, on a time and materials basis.
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Time & Cost Estimates. A Quote, Preliminary Proposal, Statement of Work or Change Request may contain Estimates of the time and costs associated with individual or groups of tasks, responsibilities or work to be performed by a Party. Such Estimates are based on the best available information at the time, but are not binding or conclusive and will be impacted by the discovery and identification of new information, issues, requirements and technical problems as a Project progresses. If either Party is aware or becomes aware of an issue that will impact a time or cost Estimate, it will use its commercially reasonable best efforts to promptly inform the other. The Parties will then work together in good faith to prepare and agree to an appropriate Change Request reflecting the new information. Time and cost Estimates provided by the Parties are not to be considered as contractually binding minimums, maximums or fixed prices unless the Statement of Work specifically provides otherwise. (Last Revised on 09/29/15)
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Related to Time & Cost Estimates

  • Cost Estimates If this Agreement pertains to the design of a public works project, CONSULTANT shall submit estimates of probable construction costs at each phase of design submittal. If the total estimated construction cost at any submittal exceeds the CITY’s stated construction budget by ten percent (10%) or more, CONSULTANT shall make recommendations to CITY for aligning the Project design with the budget, incorporate CITY approved recommendations, and revise the design to meet the Project budget, at no additional cost to CITY.

  • Cost Estimate The cost estimate shall set out the estimated costs for the proposed Change Order in such a way that a fair evaluation can be made. It shall include a breakdown for labor, materials, equipment and markups for overhead and profit, unless TxDOT agrees otherwise. If the work is to be performed by Subcontractors and if the work is sufficiently defined to obtain Subcontractor quotes, DB Contractor shall obtain quotes (with breakdowns showing cost of labor, materials, equipment and markups for overhead and profit) on the Subcontractor’s stationery and shall include such quotes as back-up for DB Contractor’s estimate. No markup shall be allowed in excess of the amounts allowed under Section 10.6. DB Contractor shall identify all conditions with respect to prices or other aspects of the cost estimate, such as pricing contingent on firm orders being made by a certain date or the occurrence or non-occurrence of an event.

  • USE OF ESTIMATES The Sponsor is authorized to make all Net Asset Value determinations (including, without limitation, for purposes of determining redemption payments and calculating Sponsor’s Fees) on the basis of estimated numbers. The Sponsor shall not (unless the Sponsor otherwise determines) attempt to make any retroactive adjustments in order to reflect the differences between such estimated and the final numbers, but rather shall reflect such differences in the Accounting Period in which final numbers become available. The Sponsor also shall not (unless the Sponsor otherwise determines) revise Sponsor’s Fee calculations to reflect differences between estimated and final numbers (including differences which have resulted in economic benefit to a Sponsor Party). If, after payment of redemption proceeds, the Sponsor determines that adjustment to the Net Asset Value of the redeemed Units is necessary, the redeeming Investor (if the Net Asset Value is adjusted upwards) or the remaining Investors (if the Net Asset Value is adjusted downwards) will bear the risk of such adjustment. The redeeming Investor will neither receive further distributions from, nor will it be required to reimburse, this FuturesAccess Fund in such circumstances.

  • Estimated Cost Estimated costs by construction phases for Specified Roads listed in A7 are stated by segments in the Schedule of Items. Such estimated costs are subject to adjustment under B3.3, B5.2, B5.21, B5.212, B5.25, and B5.26. Appropriately adjusted costs shall be made a part of a revised Schedule of Items and shown as adjustments to Timber Sale Account. The revised Schedule of Items shall supersede any prior Schedule of Items when it is dated and signed by Contracting Officer and a copy is furnished to Purchaser.

  • ESTIMATED / SPECIFIC QUANTITY CONTRACTS Estimated quantity contracts, also referred to as indefinite delivery / indefinite quantity contracts, are expressly agreed and understood to be made for only the quantities, if any, actually ordered during the Contract term. No guarantee of any quantity is implied or given. With respect to any specific quantity stated in the contract, the Commissioner reserves the right after award to order up to 20% more or less (rounded to the next highest whole number) than the specific quantities called for in the Contract. Notwithstanding the foregoing, the Commissioner may purchase greater or lesser percentages of Contract quantities should the Commissioner and Contractor so agree. Such agreement may include an equitable price adjustment.