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 ?
and schedule as reasonable, assigns no cost cap to the construction costs, makes no disallowance on the $542 million invested during the 17th Vogtle Construction Monitoring (VCM) reporting period, accepts Southern Nuclear Operating Company as the manager of the construction project, and establishes a mechanism for Units 3 and 4 to be included in the retail base rates, all features that Fitch considers are credit supportive.
PSO said the additional guarantees include new reporting requirements, a lower cost cap on project construction costs and an assurance that Oklahoma customers will receive, at a minimum, the same benefits afforded SWEPCO customers.
She said: "The proposed cost cap of PS2,500 per property goes some way to help clarify and simplify the contribution a landlord must make.
The Navy's Ford-class aircraft carrier program is under renewed scrutiny after a government watchdog group said the second ship might bust its cost cap.
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.
8% of the outstanding principal per day, on all interest and fees charged during the loan and when refinancing; a cap of GBP15 on default fees and interest, under which interest can continue to be charged but at no higher rate than the initial cost cap (calculated per day on the outstanding principal and fixed default charges); and a total cost cap of 100% of the total amount borrowed, which will apply to all interest, fees and charges.
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.
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.
FIA president Jean Todt had proposed a cost cap to Formula One teams under which budgets can be monitored and controlled from next year.