Engineering Services Cost definition

Engineering Services Cost means, for any project (e.g., new repair substantiation), part (e.g., MRB support), or LM Product Line the aggregate of the following three types of costs: ‎(1) the cost of Engineering Services provided, which is equal to the sum of the products of (a) the relevant engineering hours, based on location applied towards the project, part, or LM Product Line multiplied by (b) the compensation and benefits (i.e., labor costs), relevant depreciation, indirect costs, and overhead (the “Engineering Rates”) for such relevant engineering team based on location as updated at least annually by GE Aviation; ‎ (1) any costs for engineering purchased services associated with a specific project, part, or LM Product Line; and (1) any support or parts provided by a GE Aviation production, development, test, or assembly shop to Engineering Services, which is costed based on the Product Cost.
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Engineering Services Cost shall have the meaning set forth in Section 7.04(b)(i).
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Engineering Services Cost shall have the meaning set forth in Section 7.04(b)(i). “Engineering Services Price” shall have the meaning set forth in Section 7.04(a). “Engineering Tools” shall mean collectively the Engineering Licensed Tools and Licensed Materials. “Engineering Tools Content” shall mean all data, calculations, source code, executable code, algorithms, and other materials that, as between the Parties, are proprietary to GE Aerospace or GE Vernova. “Engineering Tools Purpose” shall have the meaning set forth in Section 6.05(c)(i). “Engineering Tools Services” shall mean the meaning set forth in Section 2.02. “Estimated Price” shall have the meaning set forth in Section 7.03(d)(iii). “Exclusive Field of Use” shall mean the provision of Exclusive Products/Services in the BH Field of Use (for BH or ADGTJV) or Power Field of Use (for GE Vernova or ADGTJV). “Exclusive Products/Services” shall mean collectively:
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Examples of Engineering Services Cost in a sentence

  • The Engineering Services Price will be billed based on actual Engineering Services Cost and will be billed on a regular basis that shall be no less than quarterly.

  • The Engineering Services shall be sold to BHGE at a price equal to the Engineering Services Cost (as defined below) divided by the amount that is one ‎(1) minus the Margin Percentage (as converted into a decimal number) (the “Engineering Services Price”).

  • The Engineering Services Price will be billed based on actual Engineering Services Cost and will be billed on a regular basis that shall be no less than Quarterly.

  • Laying stones including coursing, bonding, and all mortar joints, iv.

  • Subject to Schedule 7, the Engineering Services shall be sold to ADGTJV at a price equal to the Engineering Services Cost (as defined below) divided by the amount that is one (1) minus the Margin Percentage (as converted into a decimal number) (the “Engineering Services Price”).

Related to Engineering Services Cost

  • Engineering Services means infrastructure for –

  • external engineering service means an engineering service outside the boundaries of a land area referred to in an application and that is necessary for the utilisation and development of the land;

  • Monitoring Services shall have the meaning set forth in Section 2(b) of this Agreement.

  • Multiphase professional services contract means a contract for the providing of professional

  • Manufacturing Services means the manufacturing, quality control, quality assurance, stability testing, packaging, and related services, set forth in this Agreement, required to manufacture Product or Products from Active Materials and Components;