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Samples in periodicals archive:
The cost reimbursable contract, which has an initial term of five and a half years, will begin in January 2013 and have a value in the range of A$600 million to A$800 million.
Cost reimbursable contracts are a favorite target of politicians, who lament shameless cost overruns and declare that it is time to do away with cost-plus contracts.
Voters earlier this year approved $400,000 in a special election to fund a feasibility study for the project, with 53 percent of the study's cost reimbursable through the state building authority.
Geothermal will provide operating and management services to Raft River Holdings I (RRE) under a separate cost reimbursable plus fee service contract.
The report identified a number of problems in the award and administration of these service contracts and determined that "controls were not in place that would ensure adequate surveillance was performed on contracts, particularly cost reimbursable and time and materials type contracts" (p.
These contracts continue to carry no commercial risk as they are all fully cost reimbursable.
The contract was awarded on a cost reimbursable basis, with a value to CB&I in excess of US$100 million.
That project is estimated at $30 million, with 80 percent of the cost reimbursable through the Massachusetts School Building Authority.