Provisional Cost definition
Examples of Provisional Cost in a sentence
Provisional Cost Recovery Statements, containing estimated information where necessary, shall be submitted by the Contractor on the last day of each Quarter.
The Service Provider will be allowed to use a Provisional Cost item in the costing of the claim.
Any queries, issues and discrepancies from the Provisional Cost will be discussed during the joint Parties monthly meetings.
The Parties also recognise that, at the time of contract award, the estimate of allowable costs that would be incurred by the Contractor in relation to the Firm Price Items has been based in part upon the use of Provisional Cost Recovery Rates pending the agreement and promulgation of actual cost recovery rates.
AIT will independently audit the monthly expenditure from the Provisional Cost.