The Naval Surface Warfare Center, Port Hueneme Division, announced on 15 March 2019 that Ultra Electronics Ocean Systems, based in Braintree, Massachusetts, is being awarded a $27,978,119 cost-plus-fixed-fee and cost contract
for the development and production of Next Generation Surface Search Radar qualification systems (NGSSR).
Taking a dig at the government, the Congress party accused Defence Minister Nirmala Sitharaman of "lying" on Reliance Defence Ltd, which it said didn't have the experience in manufacturing fighter jets, having secured an offset contract from Dassault Aviation for Rs300bn and a consequent 'Lifecycle Cost Contract
' of Rs1tn in the Rafale deal.
Gross Cost Contract
: Private operator is paid a fixed sum for the duration of the contract.
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for Oman Convention hotel
However, because cost contract
are used when the work cannot be predicted with sufficient confidence to support a fixed price--typically involving complex, sophisticated, emerging systems--the contractor stops work when the funds are exhausted.
Q I TOOK out life cover 10 years ago through what I thought was a low cost contract
. However, I have just received a letter stating that either the cost of this cover will go up substantially or the amount of cover will reduce.
Boeing was recently awarded a USD25m matching cost contract
from the US Federal Aviation Administration (FAA) through its Continuous Lower Energy Emissions Noise (CLEEN) programme.
"This required sufficient flexibility to allow innovation to flourish while set within the framework of a target cost contract
JLJ Effluent Engineering Limited have devised a low cost contract
hire scheme to help manufacturers avoid heavy fines for pollution.
The Corps determined that a cost contract
was the only vehicle flexible and responsive enough to meet the needs of maneuver commanders.