Total Work Cost definition

Total Work Cost means the actual total cost incurred by Owner to complete the Work under this Agreement, plus the actual total costs incurred by Owner pursuant to the Site Work Agreement, the Preliminary EPC Agreement, the Letter Agreement, as amended, and all Owner Contracts (including, without limitation, all purchase orders and limited notices to proceed under such agreements).
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Examples of Total Work Cost in a sentence

  • Amounts recovered by a Party in respect of an indemnification obligation are to be retained by the indemnified Party and will not affect the Total Work Cost.

  • Neither the Fixed Component nor the Total Work Cost will include Sales Taxes or Contractor Taxes.

  • The Parties recognize that the most efficient and cost effective implementation of the Work will necessitate continual monitoring of the Labor Plan and other strategic decisions that may have a material effect on the Total Work Cost or Project Schedule that the Parties agree to have considered by the Review Committee.

  • Any surplus Equipment or Materials at Final Completion that were paid for as part of the Reimbursable Component that Owner does not advise Contractor it wants to retain shall be sold by Contractor, and the proceeds thereof (net of reasonable sales costs) shall, at Contractor’s option as reflected in a Notice to Owner, be either (a) promptly remitted to Owner and deducted from the Total Work Cost or (b) retained by Contractor with such proceeds having no effect on the Total Work Cost.

  • To the extent that correction of the Warranty Defect involves the re-performance, repair, re-supply or replacement of any item supplied or performed pursuant to an Owner Contract, Contractor shall assist Owner in procuring such re-performance, repair, re-supply or replacement by the Owner Supplier and the costs incurred by Owner on account thereof to correct such Warranty Defect will be added to the Total Work Cost.

  • All claims by Contractor for adjustments to the Fixed Component, the Craft Labor Hour Target, the Reimbursable Component, the Target Total Work Cost, Contractor’s fee, Performance Requirements, Project Schedule (including the Required Contract Dates) and/or other obligations or liabilities of the Parties under this Agreement as a result of any Change shall be supported by verifiable detailed documentation provided to Owner.

  • All reasonable costs and expenses of such Remediation shall be billed to the account of Contractor, who shall promptly reimburse such amounts to Owner, which amount shall not be included as part of the Total Work Cost.

  • If the Full Notice to Proceed has not been delivered to Contractor on or before September 8, 2008 then the Fixed Component, the Target Total Work Cost and Project Schedule will be equitably adjusted to account for the delay in the issuance of the Full Notice to Proceed.

  • The Review Committee will meet promptly and work cooperatively to adopt recommendations that support completion of the Work at the lowest Total Work Cost, except as they otherwise unanimously agree.

  • Upon Final Completion, if the Total Work Cost is less than the Target Total Work Cost, then Contractor shall be entitled to a bonus in the amount of * percent (*%) of the difference between the Total Work Cost and the Target Total Work Cost (the “Total Work Cost Bonus Amount”).