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This contract type may be contrasted with a cost-plus contract, which is intended to cover the costs incurred by the contractor plus an additional amount for profit, and with time-and-materials contracts and labor-hour contracts. [1] Fixed-price contracts are one of the main options available when contracting for supplies to governments.
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18014, [16] 18016, [17] 18037, and 19121 are out of service due to damage from various incidents. 16003, 19137, [18] 20089, 20094, and 20103 have been retired due to damage from various incidents. 16002 is a training bus at NJ Transit's Central Maintenance Facility. 21253 was repainted into a Transport of New Jersey scheme. 2017 Cummins ISX12
The goal of a consultant hired to do a restructuring analysis of NJ Transit was to identify $300 million in cuts for the coming fiscal year NJ Transit contract to cut $300M in costs hidden from ...
A cost-plus contract, also termed a cost plus contract, is a contract such that a contractor is paid for all of its allowed expenses, plus additional payment to allow for risk and incentive sharing. [1] Cost-reimbursement contracts contrast with fixed-price contract, in which the contractor is paid a negotiated amount regardless of incurred ...
The decision to approve the contract is a departure from a stance the board took unanimously two years ago when Academy was up for a $57.4 million contract to provide bus service in Hudson County.
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These 300-series routes operate in southern New Jersey, primarily as long-distance local bus lines, along with the 319 Parkway Express. All lines are full-service lines with limited service. The 319 is shared with Meadowlands.
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