Cost Plus means compensating a contractor for the cost to
Cost Plus means building works or engineering works executed on the basis that the contractor is paid a management fee to cover overheads and profit and that his costs in respect of labour, material and plant are reimbursed by the client. The quantity surveyor shall examine the contractor’s claims for labour, material and plant in sufficient detail to obtain reasonable assurance that the claims are valid in terms of the contract and that they are free of material misstatement
Cost Plus or “CP” refers to the cost-plus methodology, as further described below.
Examples of Cost Plus in a sentence
Any difference between the Actual Cost (plus applicable taxes) and the amount already paid by the Generator shall be paid within 30 days after the rendering of the said invoice or credit memorandum, (i) by GLPL to the Generator, if an amount already paid by the Generator exceeds the Actual Cost (plus applicable taxes), or (ii) by the Generator to GLPL, if the amount already paid by the Generator is less than the Actual Cost (plus applicable taxes).
More Definitions of Cost Plus
Cost Plus means compensating a contractor for the cost to complete a contract by reimbursing actual costs for labor, equipment and materials plus an additional amount for overhead and profit.
Cost Plus. Pricing basis in accordance with Section 1.2 (d) above for Work subcontracted to third party(ies) by Contractor.
Cost Plus as it relates to this Section means a price estimate from Contractor to AT&T to perform a defined scope of work wherein the actual price is based on Contractors actual Cost incurred. Final price from Contractor to AT&T is Cost plus a *****% markup. Such Cost may vary from the original estimate.
Cost Plus. - means the price charged to SBCS for a service based **** Willxxxx **** cost ****
Cost Plus means direct costs of direct materials and labor, and indirect manufacturing labor, plus an allocation of 35% of said amount to cover overhead.
Cost Plus means Seller's actual cost in manufacturing or purchasing such sub-assemblies, Components and other parts, plus 25% of such actual cost. See Section 8.7 below which defines Seller's "actual cost."
Cost Plus. The Agency will use a cost reimbursement approach, plus a fixed percentage rate, to compensate the Vendor for purchasing prescription drugs from the Canadian Supplier(s) or manufactures. In accordance with the table below. REMAINDER OF PAGE INTENTIONALLY LEFT BLANK will return the appropriate amount to the Vendor within sixty (60) calendar days from the date of a final decision rendered.