estimated ceiling

estimated ceiling

A cloud ceiling that has been estimated by the observer. The term also applies if the ceiling has been determined by some other method, but because of limits of time, distance, and precipitation, a better descriptive classification cannot be applied.
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The contract holds an estimated ceiling value of $155.6M and includes a base period of two years with three one-year options.
ICF (NASDAQ:ICFI) declared on Monday the award of two on-call environmental services contracts with a term of three years, by the State of California Department of Transportation (Caltrans) in the US, which have a combined estimated ceiling value of USD15m.
However a plateau appears likely: sales are expected to continue growing, but at a slower rate than over the past 10 years, with an estimated ceiling of about $800 billion per year.
The multiple-awardee, Indefinite Delivery Indefinite Quantity (IDIQ) vehicle has an estimated ceiling of $48 million over three years, with a maximum award to each awardee of $8 million, unless amended higher by the contracting officer.
The distribution of the composite error term |e.sub.t~ is skewed to the left and has a negative mean; the mean growth rate should be below the estimated ceiling growth rate.
For example, capitalized costs must be reduced by related deferred income taxes, and the estimated ceiling must be increased by the cost of properties not being amortized, as well as the income tax effects of differences between the book and tax bases of the properties involved.
The indefinite delivery, indefinite quantity, or IDIQ, contract includes a base period of three years, with four additional one-year option periods; with an estimated ceiling value of $467M.
Reportedly, this is the first award by the Naval Air Warfare Centre, Training Systems Division (NAWCTSD) using this fourth-generation IDIQ programme that has an estimated ceiling value of USD1.75bn.
The multiple-awardee, indefinite delivery indefinite quantity vehicle has an estimated ceiling of $10 billion over five years.
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