CONTRACT SAVINGS, ALLOWANCES, REBATES AND REFUNDS Sample Clauses

CONTRACT SAVINGS, ALLOWANCES, REBATES AND REFUNDS. 15.1 If the allowable, final, verified, audited amount of the cost of General Conditions, Cost of the Work, Allowance items and Design/Build Contractor’s Contingency is less than the amount established for each of those categories in the originally approved Guaranteed Maximum Price Proposal, the entire difference shall be credited to the Owner as savings and the final contract amount shall be adjusted accordingly. When buyout of the Project is at least 85% complete, the Owner may recognize any savings achieved to that point by issuing a deductive change order for the saved amount.
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CONTRACT SAVINGS, ALLOWANCES, REBATES AND REFUNDS. If the allowable, final, verified, audited amount of the cost of General Conditions, Cost of the Work, Allowance items and Design/Build Contractor’s Contingency is less than the amount established for each of those categories in the originally approved Guaranteed Maximum Price Proposal, the entire difference shall be credited to the Owner as savings and the final contract amount shall be adjusted accordingly. When buyout of the Project is at least 85% complete, the Owner may recognize any savings achieved to that point by issuing a deductive change order for the saved amount. Items to be provided for through Owner’s Special Cash Allowances shall be clearly identified in the Construction Documents and the Guaranteed Maximum Price proposal. The Cost of the Work included in the Allowances shall be determined in accordance with the Uniform General Conditions for University of Texas System Building Construction Contracts. Any claim by the Design/Build Contractor for an adjustment to an Allowance amount included in the Guaranteed Maximum Price based on the cost of Allowance work shall be made within a reasonable time after the issuance of the Construction Documents for the Allowance items. The Design/Build Contractor shall not be entitled to any increase in its Construction Phase Fee for increases to Allowance amounts that were initially based on estimates provided by the Design/Build Contractor. Owner shall be entitled to retain 100% of the balance of any unused Allowance amount. The Owner shall be entitled to deduct amounts for the following items from any Application for Payment or from the Request for Final Payment submitted by the Design/Build Contractor: The fair market value of all tools, surplus materials, construction equipment, and temporary structures that were charged to the Work (other than rental items) but were not consumed during construction or retained by the Owner. Upon completion of the Work or when no longer required, Design/Build Contractor shall either credit the Owner for the fair market value (as approved by the Owner) for all surplus tools, construction equipment and materials retained by the Design/Build Contractor or, at Owner’s option, use commercially reasonable efforts to sell the surplus tools, construction equipment and materials for the highest available price and credit the proceeds to the Owner’s account. Discounts earned by the Design/Build Contractor through advance or prompt payments funded by the Owner. The Design/Build Co...
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CONTRACT SAVINGS, ALLOWANCES, REBATES AND REFUNDS. 15.1 If the allowable, final, verified, audited amount of the cost of General Conditions, Cost of the Work, Allowance items and Design/Build Contractor’s Contingency is less than the amount established for each of those categories in the originally approved GMP Proposal, the entire difference shall be credited to the Owner as savings and the final contract amount shall be adjusted accordingly. When buyout of the Project is at least eighty five percent (85%) complete, the Owner may recognize any savings achieved to that point by issuing a deductive change order for the saved amount.
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CONTRACT SAVINGS, ALLOWANCES, REBATES AND REFUNDS 
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Related to CONTRACT SAVINGS, ALLOWANCES, REBATES AND REFUNDS

  • Salary Overpayment Recovery A. When the Employer has determined that an employee has been overpaid wages, the Employer will provide written notice, via certified mail, to the employee that will include the following items:

  • Safety Footwear Allowance Effective 1/1/07, the Contra Costa Community College District will provide an initial two pairs of safety/protective work boots or shoes for employees in the following classifications: Building Maintenance Worker, Equipment Maintenance Worker, Senior Equipment Maintenance Worker, Maintenance Mechanic, Lead Maintenance Mechanic, Maintenance Assistant, Ground Worker / Gardener I, II, Senior or Lead, Shipping and Receiving Clerk, and all other mutually agreed upon classifications required to wear safety; protective shoes per OSHA/ASTM standards.

  • Meal Allowances Employees assigned to be in travel status between the employee's temporary or permanent work station and a field assignment shall be reimbursed for the actual cost of meals including a reasonable gratuity. Employees must meet the following conditions to be eligible for meal reimbursement:

  • Footwear Allowance The Company will reimburse full-time employees up to fifty ($50.00) dollars per year toward the cost of footwear upon presentation of a receipt. Eligible employees will receive reimbursement for footwear upon completion of six (6) months' service. Once employees have received the footwear allowance, they must wear such footwear during work hours.

  • Rebates, Credits and Refunds The HSP:

  • Annual Payments The Settling Distributors shall make eighteen (18) Annual Payments, each comprised of base and incentive payments as provided in this Section IV, as well as fifty percent (50%) of the amount of any Settlement Fund Administrator costs and fees that exceed the available interest accrued in the Settlement Fund as provided in Section V.C.5, and as determined by the Settlement Fund Administrator as set forth in this Agreement.

  • Fares Allowance Employees including Apprentices, required starting and/or finishing work on the site and the work site is between 0 – 50 kilometres from the workshop or registered office are entitled to fares allowance as follows:

  • Tool Allowances The Employer shall supply all tools and equipment required to perform the work.

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