Cost Plus Fee Sample Clauses

A Cost Plus Fee clause defines a payment structure where the contractor is reimbursed for actual project costs in addition to an agreed-upon fee, which may be a fixed amount or a percentage of costs. This arrangement typically covers direct expenses such as labor, materials, and equipment, with the fee serving as the contractor's profit or overhead. The clause is commonly used in projects where the full scope of work is uncertain, ensuring the contractor is compensated for all legitimate costs while providing an incentive to complete the work efficiently.
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Cost Plus Fee. Costs (charges) that are NOT identified on the Rate Schedule (Attachment B) will be compensated as a Cost Plus Fee. This type of cost is required due to unanticipated types of events that are within the Scope of the Contract but require specialized commodities and/or services. Cost Plus Fees must be approved IN ADVANCE, in writing or verbally by the OER On-Scene Coordinator and be noted on the DEP OER Daily Report Form (Attachment D). The Cost Plus Fee will NOT replace any line item identified on the Rate Schedule, the Cost Plus Fee will ONLY be approved for an unanticipated, out of the normal event type situation that is not identified on the Rate Schedule. The Department will accept an additional service fee percentage (%) to be included in the invoice of the APPROVED Cost Plus Fee commodity and/or service. This service fee percentage (%) identified below, is ONLY allowed on Department APPROVED Cost Plus Fees for the commodity and/or service, and the service fee percentage (%) may NOT be used for any line items on the Rate Schedule: • Cost Plus Fee invoices in an amount of less than $5,000.00, the service fee percentage (%) MAY NOT EXCEED three (3) percent (%) of the total Cost Plus Fee for that event. • Cost Plus Fee invoices in an amount of $5,001.00 or greater, the service fee MAY NOT EXCEED five
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Cost Plus Fee. With the exception of the agreed upon by the Parties, in addition to the amount of reimbursement, ACME must pay SERVICECO amount (cost plus fee) calculated as 5% of the specific costs, including the amount of reimbursement.
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Cost Plus Fee. 16. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW, EACH OF THE PARTIES SHALL BE DEEMED TO HAVE BEEN COMPENSATED FOR ALL ACTIVITIES AND RISKS UNDERTAKEN HEREUNDER BY THE PAYMENTS PAID OR PAYABLE BY THE OTHER PARTY PURSUANT TO THE PROVISIONS OF SECTIONS 5 AND 6 OF THIS AGREEMENT. ACME, with prior advance notice, may inspect SERVICECO's facilities, materials and operations, directly related to the provision of Services hereunder, to ensure compliance with the established quality standards and usage policies. Payment Terms 6.1.
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Related to Cost Plus Fee

  • Annual Fees The annual rental fee of a standard individual 12 x 14 plot is $40 per plot. Please note this rental fee is non-refundable and must be paid at the time of application. This fee is used to offset expenses associated with the Garden. Please make checks payable to ▇▇▇▇▇▇ Township Recreation.

  • Services Fee 5.1 The Transmission Services performed by TSO to Network User under this Standard Transmission Agreement are subject to the applicable Services fee calculated in accordance with attachment A of the Access Code for Transmission. In the event of any modification to the Regulated Tariffs, the Total Monthly Fee(s) and the Total Monthly Self-billing Fee(s) provided for in this Article 5.1 shall be adapted as from the calendar day of the entering into force of the modifications.

  • Base Fee The Company shall pay to the Advisor a quarterly base fee (the “Base Fee”) payable in arrears in cash, for services provided by the Advisor in the preceding quarter. For purposes of this Agreement, the “Base Fee” will be equal to 0.70% per annum of the Total Market Capitalization of the Company, subject to the payment of a minimum quarterly base fee (“Minimum Base Fee”), if applicable. For purposes of this Agreement, “Total Market Capitalization” shall be calculated on a quarterly basis as (i) the average of the volume-weighted average price per share of Ashford Prime’s common stock for each trading day of the preceding quarter multiplied by the average number of shares of Ashford Prime’s common stock outstanding during such quarter, on a fully-diluted basis (assuming all common units and long term incentive partnership units in the Operating Partnership which have achieved economic parity with common units in the Operating Partnership have been converted to common stock in the Company), plus (ii) the quarterly average of the aggregate principal amount of the Company’s consolidated indebtedness (including the Company’s proportionate share of debt of any entity that is not consolidated but excluding the Company’s joint venture partners’ proportionate share of consolidated debt), plus (iii) the quarterly average of the liquidation value of the Company’s outstanding preferred equity. The Minimum Base Fee for each quarter will be equal to the greater of (i) 90% of the Base Fee paid for the same quarter in the prior year and (ii) the G&A Ratio multiplied by the Company’s Total Market Capitalization. For purposes of this Agreement, the “G&A Ratio” will be calculated as the simple average of the ratios of total general and administrative expenses, less any non-cash expenses but including any dead deal costs, paid in the applicable quarter by each member of a select peer group set forth in Exhibit A (each, a “Peer Group Member” and collectively, the “Peer Group”), divided by the total enterprise value of such Peer Group Member (calculated in the same manner as the Company’s Total Market Capitalization). The G&A Ratio for each Peer Group Member will be calculated based on the financial information presented in such Peer Group Member’s Form 10-Q or 10-K periodic filings with the SEC following the end of each quarter. The Peer Group may be modified from time to time by mutual written agreement of the Advisor and a majority of the Independent Directors, negotiating in good faith. The Base Fee, as calculated above, shall be payable in arrears no later than the 15th day following the end of each quarter (i.e., one-fourth of 0.70% of the Total Market Capitalization of the Company). The Minimum Base Fee shall be calculated as soon as practicable following the end of the quarter, and to the extent the Minimum Base Fee exceeds the Base Fee paid to the Advisor with respect to any quarter, the Company will pay the Advisor the difference between Minimum Base Fee and the Base Fee within 5 business days of final calculation of the Minimum Base Fee. For purposes of payment of the Base Fee for a partial quarter relating to the first quarter in which this Agreement is effective or for the last quarter in which this Agreement is terminated, the Base Fee shall be calculated as 0.70% of the Total Market Capitalization of the Company, calculated using each trading day of such partial quarter prior to termination, multiplied by the number of days in the applicable quarter in which this Agreement is in effect divided by 365 or 366 days, as applicable. The Minimum Base Fee shall be similarly reduced proportionately based on the number of days in the applicable quarter in which this Agreement is in effect divided by 365 or 366 days, as applicable.

  • Monthly Fee The fee for the parking spaces shall be $ per month for parking space(s). each all

  • Basic Services Fee 6.1.1 For Basic Services, as described in Article 1, and including all disciplines identified in Paragraph 15.1 as part of Basic Services, Architect/Engineer’s fee shall be a negotiated Basic Services Fee to cover all costs and profit. 6.1.2 The Architect/Engineer’s Basic Services Fee will be based on the Amount Available for the Construction Contract identified in the Program of Requirements. 6.1.3 In multiple package projects, the Basic Services Fee for each package shall be determined in a manner agreed to by A/E and Owner. The Architect/Engineer’s total Basic Services Fee will be the sum of the basic services fees for all packages. 6.1.4 If the description of the Architect/Engineer’s Basic Services is changed materially, the applicable fee shall be adjusted equitably.