Prime costs definition

Prime costs and “Prime cost sum” means the amount actually paid by the contractor for any article, commodity or special work and shall include all proper charges for packing, carriage and delivery to site, after deduction of all trade documents, rebates and allowances and the discount obtainable for cash insofar as such discount for cash exceeds 2½%.
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Prime costs and “Prime cost sum” means the amount actually paid by the contractor for any article, commodity or special work and shall include all proper charges for packing, carriage and delivery to site, after deduction of all trade documents, rebates and allowances and the
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Prime costs and “Prime cost sum” means the amount actually paid by the contractor for any article, commodity or special work and shall include all proper charges for packing, carriage and delivery to site,
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Examples of Prime costs in a sentence

  • To ensure that there is less cash outflow towards salaries for founders and doing so commits the minimum cash contributions from the SPARK Grantee only towards the Prime costs and Primary overheads excluding the salaries for founders/promoters.

  • The limits on heads (Prime costs, Primary Overheads and Secondary overheads) as decided in WBS in compliance with Annexure X & Y shall be enforced in establishing proper use of grants, including enforcement of paragraph 16, but reallocations of resources within a head – e.g. across line-items or sub-heads - shall be up to the discretion of the SPARK Grantee.

  • Prime costs and fees payable by Lenfield to Heng Tat under the Prime Cost Contract (as extended by the Prime Cost Contract Extension Letter) relate to works carried out on or prior to 31 March 2009.


More Definitions of Prime costs

Prime costs and “Prime cost sum” means the amount actually paid by the contractor for any article, commodity or special work and
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Prime costs and 'Prime cost sum' means the amount actually paid by the contractor for any article, commodity or special work and shall include all proper charges for packing carriage delivery to site after deduction of all trade discounts, rates and allowances and the discount -obtainable for cash in so far as such discount for cash exceeds 2 per cent.
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Prime costs and “prime cost sum” means the amount actually paid by the contractor for any article, commodity or special work and shall include all proper charges for packing carriage, and delivery to site, after deduction of all trade discounts, rebates and allowances and the discount obtainable for cash in so for as such discount for cash exceeds 2 ½ %.
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Related to Prime costs

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • FTE Costs means the FTE Rate multiplied by the applicable number of FTEs who perform a specified activity pursuant to this Agreement.

  • Service Costs has the meaning ascribed thereto in Section 3.01.

  • Direct Costs means the sum of the following:

  • Response Costs means all costs, including, but not limited to, direct and indirect costs, that the United States incurs in monitoring and supervising Respondents’ performance of the Work to determine whether such performance is consistent with the requirements of this Order, including costs incurred in reviewing deliverables submitted pursuant to this Order, as well as costs incurred in overseeing implementation of this Order, including, but not limited to, payroll costs, contractor costs, travel costs, and laboratory costs.]