Cost Principles definition

Cost Principles means charging Full Cost plus a mark-up of five percent (5%).
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Cost Principles means charging Full Cost for a Service, plus a 5% ▇▇▇▇-up of non-third party costs. Costs representing amounts payable to third parties (e.g., contractors) are considered to be at market and therefore a 5% ▇▇▇▇-up is not applied to such costs; however, the Full Cost of administering these third party services by Pioneer's resources (e.g. a contract administrator) is subject to the 5% ▇▇▇▇-up.
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Cost Principles means the explanation of how the mutually agreed upon contract amount was reached. This includes provisions for allowable and unallowable costs.
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Examples of Cost Principles in a sentence

  • To the extent that Provider consents to provide any Service to an Affiliate of Recipient, such Services shall be provided on terms reasonably acceptable to the Parties and according to the Cost Principles.

  • If Recipient exercises its rights to an Extended Term under a given SLA, unless otherwise agreed by Provider in writing, the Service Fees for such Extended Term shall be calculated in accordance with the Extended Term Cost Principles.

  • Provider reserves the right, upon reasonable notice to Recipient, to reasonably adjust fees and costs of the Services affected by such restrictions in accordance with the Cost Principles.

  • For the avoidance of doubt, the Service Fees shall be determined in accordance with the Cost Principles, but at all times shall be as set forth in each SLA to the extent specified therein (i.e., the Service Fees, to the extent specified in the SLA, will control over the Cost Principles).


More Definitions of Cost Principles

Cost Principles. - means charging Full Cost for a Service, plus a 5% mark-up of non-third party costs. Costs representing amounts payable to third parties (e.g., contractors) are considered to be at market and therefore a 5% mark-up is not applied to such costs; however, the Full Cost of administering these third party services by Pioneer's resources (e.g. a contract administrator) is subject to the 5% mark-up.
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Related to Cost Principles