Examples of Equipment Costs in a sentence
Equipment CostsEquipment is defined as nonexpendable tangible personal property having a useful life of more than one year and a cost of$5,000 or more per unit (excluding tax).A line item is required for different types of equipment, but not for each specific piece of equipment (e.g., three copy machines must be one line item, not three).Additional information on Equipment Costs can be found in SRH Part 5.
The Grant Subaward Budget Pages (Cal OES Form 2-106a) automatically calculate the subtotal at the end of each budget category and provide the total of the three spreadsheets at the bottom of the Equipment Costs page.
Each Equipment Schedule shall represent Equipment Costs of no less than $10,000, unless authorized by special written exception issued by the Contract Officer.
Equipment Costs: Itemize all equipment necessary to complete the proposed change(s), hourly costs of rental or operations, and total number of hours required.
Bonds and Insurance Markup: Specify an amount, in no event in excess of one percent (1%) of the Labor Costs, Materials Costs and Equipment Costs indicated above, to compensate the Contractor for any additional insurance and bonding costs incurred in connection with the work necessary to complete the proposed change(s).