Cost of work definition

Cost of work. , in table above, shall mean the agreement amount of the work.

Cost of work means the total cost of all operations performed for the Named Insured during the policy period by independent contractors, including materials used or delivered for use by whomsoever supplied, except maintenance or ordinary alterations and repairs on premises owned or rented by the Named Insured.

Cost of work for this clause shall mean final cost as mentioned in the final bill carriedout under single contract including cost of materials, if any, supplied by clients. However,the cost of materials issued free of cost shall not be considered for calculating the cost of work.

Examples of Cost of work in a sentence

• Less cost of services rendered at fixed charges as per Clause 34 and recovered during the quarter (L) Cost of work for which escalation is applicable: W = N - (K + L) (iii) Components for materials (except cement, reinforcement bars, structural steel or other materials covered under clause 10 CA) labour, P.O.L., etc.

• W = Cost of work done during the period under reckoning to which the escalation / de-escalation relates as indicated in clause-2.4 of the Additional Terms & Conditions of the contract.

• W : Cost of work done, worked out as indicated in sub-para (ii) above.

• Extra items/deviated quantities of items paid as per Clause 12 Based on prevailing market rates during this quarter: (J)Then, M = C+F+I-J N = 0.85 M Cost of work for which escalation is applicable:W = N Components for materials (except cement, reinforcement bars, structural steel, POL or other materials covered under clause 10 CA) labour, etc.

• Cost of work shall mean gross value of the completed work including the cost of materials supplied by the Govt.

More Definitions of Cost of work

Cost of work for this clause shall mean completed cost of work as mentioned in the final bill including internal electrical works, if any, carried out under single contract including cost of materials, if any, supplied by clients. However, the cost of materials issued free of cost shall not be considered for calculating the cost of work. The value of executed works shall be brought to current costing level by enhancing the actual value of work at a simple rate of 7% per annum; calculated from the date of completion to the last date of receipt of applications for bids. “Similar work” for this clause means "Furniture & Fitting works.”

Cost of work means actual gross value of completed “similar‟ work including all the components executed under single contract. The applicant shall submit a copy of certificate of final bill of each project executed by them, during the said period.

Cost of work means the sum of all direct costs necessarily incurred and paid by Contractor in the proper performance of the Work described in the Change Order. Except as otherwise may be agreed to in writing by Town, such costs shall be in amounts no higher than those prevailing in the locality of the Project; shall include only the following items; and shall not include any of the costs itemized in Section 39.3.

Cost of work for this clause shall mean completed cost as mentioned in the final bill for housekeeping maintenance services, if any, carried out under single contract including cost of materials, if any, supplied by clients. However the cost of materials issued free of cost shall not be considered for calculating the cost of work. “Similar work” for this clause means comprehensive housekeeping/manpower supply Services. Necessary documentary proof like completion certificates in case of works carried out for Government department and TDS in case of works carried out for private parties should be enclosed in addition to the completion certificate.

Cost of work means the total cost of all operations performed for you during the policy period by independent contractors, including the cost of materials furnished, used or delivered for use in the execution of the work. This does not include maintenance or ordinary alterations and repairs on premises owned or rented by you.

Cost of work means actual gross value of completed “similar” work including all the components executed under single contract. The applicant shall submit a certificate of completion from the client and final bill (Abstract of bid depicting amount of work done under different trades) of each project executed by them, during the said period.

Cost of work for this clause shall mean completed cost as mentioned in the final bill, if any, carried out under single contract including cost of materials, if any, supplied by clients. However the cost of materials issued free of cost shall not be considered for calculating the cost of work. “Similar work” for this clause means maintenance & Repair and Renovation of buildings.