Subcontract Cost definition

Subcontract Cost means the ordinary and reasonable cost of subcontracts made by Consultant for services rendered under this Contract.

Subcontract Cost means the ordinary and reasonable cost of subcontracts made by the Consultant and approved in advance and in writing by the Director for services rendered under this Agreement plus a fixed payment not to exceed 5% of Subcontract Cost to compensate Consultant for administering the subcontract, assumption of responsibility for the Subcontractor's services, and performance risk related to the subcontracts. The Subcontract Cost shall be calculated on an LOA by LOA basis and shall not be subject to adjustment unless the LOA's scope of work, with respect to subcontracted work, changes. Invoices for Subcontract Cost must be accompanied by appropriate documentation detailing the Subcontractor's performance contributions for the period of time being invoiced. Any additional documentation required by the Director also shall be provided by Consultant. Consultant shall require Subcontractors to provide appropriate documentation of costs and expenses incurred in the performance of their services performed in furtherance of an LOA, including but not limited to, a copy of the actual invoice from Subcontractor to Consultant. Consultant is responsible for the performance and work product of subcontractors.

Subcontract Cost means the ordinary and reasonable cost of subcontracts made by the Architect and approved by the Director for the principal purpose of obtaining the professional services of others in connection with the performance of any service under this Contract.

Examples of Subcontract Cost in a sentence

• For example, if a job' s cost exceed the planned cost for a month the Management team will drill down to the Material and Equipment cost, Labor Cost, and Subcontract Cost and determine where the deviation is.

• Remember that a firm's failure to perform and submit an adequate analysis could lead to contract overpricing.Responsibility to Obtain Subcontract Cost or Pricing Data (FAR 15.404-3(c)).

• Unless the subcontract qualifies for an exception to statutory cost or pricing data requirements, any contractor or subcontractor required to submit cost or pricing data must also obtain cost or pricing data before:• Awarding any subcontract or purchase order expected to exceed the cost or pricing data threshold, or• Issuing any modification with a price adjustment amount expected to exceed the cost or pricing data threshold.Responsibility to Submit Subcontract Cost or Pricing Data (FAR 15.404-3(c)).

• Require the offeror to support subcontractor cost estimates below the cost or pricing data threshold with any data or information (including other subcontractor quotations) needed to establish a reasonable price.To provide adequate cost estimate support, the offeror may need to obtain information other than cost or pricing data from prospective subcontractors.Responsibility for Updating Subcontract Cost or Pricing Data (FAR 15.404-3(c)(4)).

• Oasis’s Subcontract Cost AdjustmentsFinally, Oasis disputes the Air Force’s adjustments to Oasis’s proposed subcontract costs, arguing, among other things, that the agency failed to consider the subcontractors’ respective cost structures and indirect rates, as well as the type of contracts that Oasis proposed with its subcontractors.

More Definitions of Subcontract Cost

Subcontract Cost means the ordinary and reasonable cost of subcontracts made by the Consultant and approved in advance and in writing by the Director for services rendered under this Agreement plus a fixed payment not to exceed % of Subcontract Cost to compensate Consultant for administering the subcontract, assumption of responsibility for the Subcontractor's services, and performance risk related to the subcontracts. The Subcontract Cost shall be calculated on an LOA basis and shall not be subject to adjustment unless the LOA's scope of work, with respect to subcontracted work, changes. Invoices for Subcontract Cost must be accompanied by appropriate documentation detailing the Subcontractor's performance contributions for the period of time being invoiced. Any additional documentation required by the Director also shall be provided by Consultant. Consultant shall require Subcontractors to provide appropriate documentation of costs and expenses incurred in the performance of their services performed in furtherance of an LOA, including but not limited to, a copy of the actual invoice from Subcontractor to Consultant. Consultant is responsible for the performance and work product of subcontractors.

Subcontract Cost means the actual cost of subcontracts made by Consultant with prior approval of the Director for services rendered under this Agreement.

Subcontract Cost means the ordinary and reasonable cost of subcontracts made by the Engineer and approved in writing in advance by the Director for services rendered by Subcontractors under this Contract plus a fixed payment not to exceed of Subcontractor Cost to compensate Engineer for profit, assumption of responsibility, and performance risk related to the subcontracts. Such fixed payment shall be computed on an LOA by LOA basis and shall not be subject to adjustment unless the LOA’s scope of work, with respect to subcontracted work, changes. Subcontractors must be selected and paid in accordance with FAA and/or TSA requirements, including but not limited to, FAA Advisory Circular 150/5100-14C, as amended from time to time. Engineer is responsible for the performance and work product of Subcontractors.

Subcontract Cost means the ordinary and reasonable cost of subcontracts made by the Architect/Engineer and approved in writing in advance by the Director for services rendered by subcontractors under this Contract plus a fixed payment not to exceed 5% of subcontractor labor cost to compensate Architect/Engineer for profit, assumption of responsibility, and performance risk related to the subcontracts. Such fixed payment shall be computed on an LOA by LOA basis and shall not be subject to adjustment unless the LOA’s scope of services, with respect to subcontracted services, changes. Architect/Engineer is responsible for the performance and work product of Subcontractors, including, but not limited to, the coordination of design elements published under the Architect/Engineer’s design.

Subcontract Cost means the ordinary and reasonable cost of subcontracts made by the Architect/Engineer and approved in writing in advance by the Director for services rendered by subcontractors under this Contract. plus a fixed payment not to exceed 5% of subcontractor labor cost to compensate Architect/Engineer for profit, assumption of responsibility, and performance risk related to the subcontracts.

Subcontract Cost means the direct cost of subcontracts made by the Plan Administrator and approved by the Director for the principal purpose of obtaining the professional services of others in connection with the performance of any service under this Agreement.

Subcontract Cost means the ordinary and reasonable cost of subcontracts made by the Consultant and approved in advance and in writing by the Director for services rendered under this Agreement plus a fixed payment not to exceed 3% of Subcontract Cost to compensate Consultant for administering the subcontract, assumption of responsibility for the subcontractor's services, and performance risk related to the subcontracts. Invoices for Subcontract Cost must be accompanied by appropriate documentation detailing the subcontractor's performance contributions for the period of time being invoiced. Any additional documentation required by the Director also shall be provided by Consultant. Consultant shall require subcontractors to provide appropriate documentation of costs and expenses incurred in the performance of their services performed in furtherance of an LOA, including but not limited to, a copy of the actual invoice from subcontractor to Consultant. The Subcontract Cost shall be calculated on an LOA by LOA basis and shall not be subject to adjustment unless the LOA's scope of work, with respect to subcontracted work, changes.