Basic Cost Clause Samples
The 'Basic Cost' clause defines the fundamental expenses that form the baseline for calculating payments or reimbursements under a contract. It typically outlines which costs are included—such as labor, materials, and equipment—and may specify how these costs are to be documented or verified. By clearly establishing what constitutes the basic cost, this clause ensures transparency and prevents disputes over which expenses are eligible for compensation, thereby facilitating smooth financial administration of the contract.
Basic Cost. C-1 Basic Lease Information..................................... 1 Building....................................................
Basic Cost. The basic cost is defined as the unit price of the Product multiplied by the number of units of the Product delivered to the Vessel.
Basic Cost. As used herein, the term "Basic Cost" shall consist of the following:
Basic Cost. C-1 Building....................................................................
Basic Cost. Tenant shall pay Tenant’s Proportionate Share of Basic Cost, as defined in EXHIBIT C.
Basic Cost. From and after May 1, 1998, Section 1.(a)(ii) of the Lease (as amended by the First Addendum to Lease and the Letter to Lease) shall be, and hereby is, amended by deleting "electricity". Tenant's Premises shall be sub-metered for electricity, and Tenant shall be responsible for reimbursing Landlord on a monthly basis for Tenant's actual costs of electrical consumption and usage. Costs are actual kilowatt rates established by Pepco and are the same rates paid by the Landlord to Pepco. Tenant has the right to verify meter readings and will have access to the meter, accompanied by the Building Engineer, for this purpose.