Allowance Value Sample Clauses
The Allowance Value clause defines the monetary amount or value assigned to specific allowances within a contract, such as for materials, labor, or other project components. This clause typically specifies how these allowances are calculated, adjusted, and applied during the course of the project, and may outline procedures for reconciling actual costs against the allowance. Its core practical function is to provide a clear framework for managing budgeted amounts for uncertain or variable project elements, thereby reducing disputes and ensuring both parties understand how such costs will be handled.
Allowance Value. A stated reasonable estimate of cost to be applied to an Allowance Item.
Allowance Value. The Allowance Value for an Allowance Item includes the direct cost of labor, materials, equipment, transportation, taxes and insurance associated with the applicable Allowance Item. All other costs, including design fees, Design- Builder’s overall project management and general conditions costs, overhead and fee, are deemed to be included in the original Contract Price, and are not subject to adjustment, regardless of the actual amount of the Allowance Item.
Allowance Value. First aid allowance – only payable when conducting the job role Permit to Work Near Recipient” $14.43 per day