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 actual cost of subcontracts made by Consultant with prior approval of the Director for services rendered under this Agreement.
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.
At the Director’s sole discretion, supporting documentation may also include copies of original time sheets that Consultant certifies are true and accurate copies.); Itemized Reimbursable Expenses; Subcontract Cost, including a copy of the subcontractor’s actual invoice and supporting documentation for itemized Reimbursable Expenses in amounts not to exceed the cost schedule set forth in Exhibit “B”.
The method of payment will be specified in each LOA and may be either (a) an hourly based agreement which includes the Billing Rates set forth in Exhibit “B” multiplied by hours worked by each employee set forth in Exhibit “C” who performs work for the Project plus Reimbursable Expenses and Subcontract Cost, and/or (b) a Fixed Lump Sum that does not exceed an estimate of the total of all the payment categories set forth in (a) when added together.
The method of payment will be specified in each LOA and may be either (a) an hourly based agreement which includes the Billing Rates set forth in Exhibit “B” multiplied by hours worked by each employee set forth in Exhibit “C” who performs work for the Project plus Reimbursable Expenses and Subcontract Cost, or (b) a Fixed Lump Sum that does not exceed an estimate of the total of all the payment categories set forth in (a) when added together.
Subcontract Cost including a copy of the subcontractor's actual invoice and the Director's written approval for the expenditure.
More Definitions of Subcontract Cost
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.
Subcontract Cost means the ordinary and reasonable cost of subcontracts made by the Consultant 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 Consultant 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. 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 reasonably required by the Director shall also 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 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 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.
2.1.54.1 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.
2.1.54.2 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 reasonably required by the Director shall also be provided by Architect/Engineer. Architect/Engineer 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 Architect/Engineer.
2.1.54.3 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 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. Subcontractor Costs do not include third-party vendor expenses passed through to the City which Contractor shall invoice the City separately for the actual costs as reimbursable expenses incurred by Contractor.
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.