COST CLASSIFICATIONS Sample Clauses

COST CLASSIFICATIONS. 6.7.1 Direct cost of the work: The term “direct cost of the work” shall mean costs necessarily incurred by the Contractor in the proper performance of the work. Such costs shall be at rates not higher than the standard paid at the place of the Project except with prior written consent of the AOC. The “direct cost of the work” shall include only the following items set forth in this Article 6.7.1, Direct Cost of the Work.