Disallowable Cost definition
Disallowable Cost means a cost incurred by the Contractor which is determined to be Disallowable in accordance with the criteria in Part 6 of the Finance Schedule (Costs Principles and Procedure) and/or otherwise specified to be a Disallowable Cost in the this Contract and “Disallowable” shall construed accordingly;
Disallowable Cost has the meaning given in Paragraph 4 (Disallowable Costs) Part 2A (Allowable and Disallowable Costs) of Schedule 6 (Finance) and "Disallowable" shall be construed accordingly;
Examples of Disallowable Cost in a sentence
The indemnity given under Clause 7.2.8 above (Disallowable Cost and Year End Sum Indemnity) is not limited.
Any such compensation shall be a Disallowable Cost pursuant to pursuant to Appendix 1 (Disallowable Costs) to Schedule 8.1A (Franchise Payments).
Should the Contractor become aware that it has drawn down funds from the OPG Payments Account in respect of payments which relate to a Disallowable Cost, it shall use its best endeavours to procure that within thirty (30) Calendar Days of such drawdown the Parent Body Organisation pays a sum equal to the amount of such drawn down funds to the Authority.