Cost Tracking Sample Clauses
The Cost Tracking clause establishes procedures for monitoring and recording expenses incurred during the performance of a contract. It typically requires the contractor or service provider to maintain detailed records of all costs, such as labor, materials, and overhead, and may mandate regular reporting or audits to ensure transparency. This clause's core function is to provide accountability and enable both parties to verify that expenditures align with the agreed budget, thereby preventing disputes over costs and promoting financial control throughout the project.
Cost Tracking. Consultant has provided an estimated breakdown of costs, included in Exhibit C (Estimated Budget for Scope of Work). Exhibit C will only be used as a tool to monitor progress of work and budget. Actual payment will be made as specified in Paragraph 4.2 above.
Cost Tracking. Provide construction cost estimates (IGE), based upon IRS-approved Design Intent Drawings. Provide final (bid or negotiated) construction costs obtained from the lessor/contractor, based upon IRS-approved Construction Documents. Pricing is required within ten days following approval of the design or construction drawings. Additional competition and/or value engineering may be required if costs exceed the project budget (or general allowance for new occupancy TIs). For new IRS occupancies, require the lessor/contractor to provide a cost breakdown of shell and TI pricing, according to the GSA RLP. An Excel tracking tool for this purpose is provided in Attachment 1 TI Cost Proposal Sample. Use this format or one with equal information and organization. Acceptance of final pricing by the IRS PM and issuance of a Notice to Proceed (NTP) by the Contracting Officer (or COTR for delegated buildings) shall establish the cost ceiling for construction. Requests for additional funding must be submitted by Change Order to the IRS PM for approval prior to performing the additional work or to incurring related expenses. LESSOR: GOVERNMENT:
Cost Tracking. The Finance Team shall establish an agreed mechanism, consistent with Exhibit A, the Accounting Standards and the standard practices of the Parties, for tracking of Collaboration Costs and comparing such expenses to the Budgeted Costs for the applicable period, by Party. Collaboration Costs shall, at a minimum, be tracked by expense category, on a Product-by-Product basis, and to the extent feasible, on an indication-by-indication basis. **** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.