Cost reimbursable contract definition

Cost reimbursable contract means a contract that provides for payment of incurred costs to the extent prescribed in the contract, with or without a fixed fee.
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Cost reimbursable contract means a contract that provides for payment of incurred costs to the extent prescribed in the contract, with or without a fixed-price. Cost reimbursable contracts are not allowed under the Terms and Conditions of this solicitation.
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Cost reimbursable contract is a type of contract, which reimburses the vendor for costs, incurred under the contract but does not provide for any other payment to the vendor, with or without a fixed fee. In a cost-reimbursable contract, allowable costs will be paid from the non-profit school nutrition account to the vendor net of all discounts, rebates and other applicable credits accruing to or received by the vendor.
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Examples of Cost reimbursable contract in a sentence

  • Cost reimbursable contract means a contract that provides for payment of incurred costs to the extent prescribed in the contract, with or without a fixed fee.

  • Cost reimbursable contract A cost reimbursable contract shall be used— (a) for emergency work where there is insufficient time to calculate fully the costs involved; (b) for high risk works, where it is more economical for the procuring and disposing entity to bear the risk of price variations than to pay a provider to accept the risk or where the provider does not accept the risk.[section 88H inserted by section 43 of Act 11 of 2011] 88I.

  • Cost reimbursable contract means a contract that provides for payment of incurred costs to the extent pre- scribed in the contract, with or without a fixed fee.

  • A Cost reimbursable contract does not transfer risk to the seller, rather, the risk is with the buyer.

  • All applications will be acknowledged and placed on the Register.

  • Cost reimbursable contract - the employer takes the bulk of the risk but has complete flexibility.

  • Cost reimbursable contract A cost reimbursable contract is the contract where a party is reimbursed with all the allowable or predetermined expenses.

  • Contract optionsThese commissions may use the following main contract options: A – Priced contract with activity scheduleC – Target contract with activity schedule E – Cost reimbursable contract The letters A,C,E are designated within NEC3 contracts.

  • ClauseStatement Data1General The conditions of contract are the core clauses and the clauses for main Option: E: Cost reimbursable contract dispute resolution OptionW1: Dispute resolution procedure and secondary Options X18: Limitation of liability X19: Task Order Z: Additional conditions of contract of the NEC3 Term Service Contract (April 2018) The Employer is (name):DEPARTMENT OF PUBLIC WORKS & INFRASTRUCTURE FREE STATE Address OR Tambo Building, Cnr St Andrews and Markgraaff, Bloemfontein.

  • The Trustees reviewed the Fund’s equity structure in 2020 and decided to transition the index tracking regional equity portfolio to a sustainable multi-factor and low carbon index approach.


More Definitions of Cost reimbursable contract

Cost reimbursable contract means a contract that provides for
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Related to Cost reimbursable contract

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • Reimbursable item also means “allowable cost” and “compensable item.”

  • Independent expenditure means an expenditure by a person: