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Project Accepted
A term describing the status of a project that has passed evaluation stages and has been approved for implementation.
Incurred Costs
Costs that have been realized or expended in the course of business operations.
Actuator
A device that produces mechanical motion in response to an electrical, air, or hydraulic signal.
Pilot Operated
A system or valve controlled indirectly through the use of a smaller, pilot valve rather than directly by mechanical means.
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