â¢ DEMO (noun). The noun DEMO has 1 sense: 1. a visual presentation showing how something works. Familiarity information: DEMO used as a noun is very rare. â¢ DEMO (verb). The verb DEMO has 1 sense: 1. show or demonstrate something to an interested audience. Familiarity information: DEMO used as a verb is very rare.
1 Have independent utility or independent significance, i.e., be usable and be a reasonable expenditure even if no additional transportation improvements in the area are made; and.  Not restrict consideration of alternatives for other reasonably foreseeable transportation improvements.
A. The independent cost estimate is a tool to assist in determining the reasonableness or unreasonableness of the bid or proposal being evaluated and is required for all procurements regardless of dollar amount. FTACircular 4220.1F, Ch. VI, Para.