Reasonable cost definition

Reasonable cost means a cost for a service or item that is consistent with the market standards for comparable services or items.
Reasonable cost means a cost that is determined to be reasonable if, in its nature and amount, it does not exceed that which would be incurred by a pru- dent person under the circumstances prevailing at the time the decision was made to incur the cost. In determining reasonableness with regard to ADP sys- tems cost, consideration shall be given to:
Reasonable cost means a cost that is, in nature and amount, not in excess of what would be incurred by an ordinary prudent person in the conduct of a business. In determining the reasonableness of a particular cost, consideration will be given to:

Examples of Reasonable cost in a sentence

  • Material, labour either or both: Reasonable cost of materials plus reasonable cost of labour inclusive of tools, plants and machinery and plus 15% of so derived cost, to cover contractor profit, supervision, overheads, establishments, etc.

  • Material, labor either or both: Reasonable cost of materials plus reasonable cost of labor inclusive of tools, plants, machinery, and GST & Labor Cess as applicable and plus 15% of so derived cost to cover contractor profit, supervision, overheads, establishments, etc.

  • Reasonable cost to Consultant of handling material returned to vendors, delivered to County or otherwise disposed of as directed by County.

  • Reasonable cost is determined under the provisions of section 1861(v)(1)(A) of the Act and existing regulations under 42 CFR Parts 413 and 415.

  • Reasonable cost will include reasonable allowance for Project overhead and general administrative overhead not to exceed a total of ten percent of direct costs of such Work.


More Definitions of Reasonable cost

Reasonable cost means the cost that must be incurred by an efficiently and economically operated facility to provide services in conformity with applicable state and federal laws, regulations, and quality and safety standards.
Reasonable cost means the actual cost of parts and labor which is necessary to cause the failed motor vehicle to comply with applicable emissions standards or which contributes towards compliance. It shall not include the cost of those repairs determined by the Division to be necessary due to the alteration or removal of any part of the emission control system of the motor vehicle, or due to any damage resulting from the use of improper fuel in the failed motor vehicle.
Reasonable cost means the cost of a prescription drug as
Reasonable cost means that such technology does not cost greater than thirty percent more than other technology applicable to the particular engine and application that falls within the same classification level for diesel emission control strategies, as set forth in subdivision (e) of new § 24-163.7, when considering the cost of the strategies, themselves, and the cost of installation.
Reasonable cost means a cost that, in its nature and amount, does not exceed that which would be in- curred by a prudent person under the circumstances prevailing at the time the decision was made to incur the cost. The burden of proof is upon the guaranty agency, as a fiduciary under its agreements with the Secretary, to establish that costs are reasonable. In determining reasonableness of a given cost, consideration must be given to—
Reasonable cost means and/or refers to charges to repair or replace covered parts including labour at prevailing labour rates at a Licenced Repair Facility and according to the Current Industry Labour Guide (Global uses Snap-On Shopkey) using new, rebuilt, or parts of like kind and quality, which may, from time to time, include serviceable Used parts.
Reasonable cost means the cost of a dental insurance premium that