cost cap

cost cap

Usage notes: (informal)
a limit on the amount of money that an agency, department, or institution may spend.
References in periodicals archive ?
Tenders are invited for Procurement Of Auto Electrical Spares For Non Cost Cap Komatsu 100T Dumpers At Ocp3 Rg2 On Proprietary Basis
The company has also revised its cost estimate subject to the cost cap for the Kemper project to include approximately $15 million in cost increases primarily related to additional resources in support of startup and commissioning activities, as well as operational readiness.
The Senate's version of the fiscal year 2016 National Defense Authorization Act reduces the procurement cost cap for CVN-79, the USS John F.
Gareth had to create a tasty and nutritionally balanced two-course menu with a cost cap of PS1.
The total cost cap is 100% which means you will never pay back more than twice what you borrowed and a payday loan cannot be "rolled over" to the next month more than twice.
Attracted to the sport by way A of a promised cost cap from former FIA president Max Mos IA president Max Mos -ley, Marussia were joined on the grid by two other teams.
Kaltenborn is, however, angered by what has occurred, particularly as the teams had the opportunity at the start of the year to address the situation, only to reject FIA president Jean Todt's plans for a cost cap from 2015 onwards.
Despite an indication the teams were willing to finally accept a cost cap - after a 2009 proposal under former FIA president Max Mosley was also rejected - it was ultimately thrown out to Todt's fury.
The 74-year-old, who led the sport's governing body from 1993 and 2009, tried to introduce a cost cap five years ago but those plans fell through.
Todt had planned to impose a cost cap from next year, only for F1's Strategy Group - comprising Ferrari, McLaren, Mercedes, Red Bull, Lotus and Williams - to veto the idea.
FIA president Jean Todt had proposed a cost cap to Formula One teams under which budgets can be monitored and controlled from next year.
In Kansas, for example, lawmakers defeated two bills to repeal the state's Renewable Portfolio Standard, which mandates that 20 percent of energy utilities sell comes from renewable sources by 2020 and establishes a cost cap of 1 percent on rate increases.