Recoverable Costs definition
Examples of Recoverable Costs in a sentence
TxDOT’s Recoverable Costs shall, at TxDOT’s sole option, be deducted from amounts payable to Maintenance Contractor or reimbursed by Maintenance Contractor upon demand.
Maintenance Contractor shall reimburse TxDOT, within ten days of delivery of an invoice, for TxDOT’s Recoverable Costs of remedying or removing and replacing such Nonconforming Work.
DB Contractor shall reimburse TxDOT for TxDOT’s Recoverable Costs in connection with providing such assistance to DB Contractor.
In such event, Maintenance Contractor shall reimburse TxDOT for TxDOT’s Recoverable Costs it incurs as a result of Maintenance Contractor’s failure, and shall do so within ten Business Days of receipt of an invoice therefor.
The Panel shall arrange for the costs and expenses recovered under this Clause 8 to be audited by a firm of chartered accountants on an annual basis in order to verify that all such costs and expenses were Recoverable Costs provided for in an Approved Budget.