Unbilled Costs definition

Unbilled Costs means, at the time of determination thereof, the amount of costs incurred by the Borrower in connection with a documented purchase order or contract evidencing the buyer’s agreement to purchase the underlying goods which costs are in excess of costs billed by the Borrower to the buyer pursuant to such purchase order or contract. For purposes of calculating the amount of costs billed by the Borrower to the Buyer pursuant to a documented purchase order or contract, where the amount billed by the Borrower to the Buyer includes both a cost and a profit component, the amount of costs billed shall not include the profit component.
Sample 1

Examples of Unbilled Costs in a sentence

  • Apologies for absence were received from Councillors M A Gayler, R D Green, P G Leeder, F R D Whittington and J A Wright.

  • Accounts Receivable, Net, and Unbilled Costs also increased by $2.3 million while Prepaid Retiree Benefits increased by $2.0 million.

  • In fiscal year 2014-2015, current assets decreased $6.7 million from the previous year primarily due to a decrease in Accounts Receivable, Net, and Unbilled Costs in the amount of $7.8 million and a decrease in Deposits with Bond Trustee of$2.1 million.

  • Current assets decreased $6.7 million from the previous year primarily due to a decrease in Accounts Receivable, Net, and Unbilled Costs in the amount of $7.8 million and a decrease in Deposits with Bond Trustee of $2.1 million.

  • PennDOT has requested that DVRPC amend the FY2009-2012 TIP for Pennsylvania by adding a project back into the FY09 TIP, PA 309, Fort Washington Interchange - Commerce to Pennsylvania Avenue (MPMS# 64275), and increasing the construction phase by programming $14,836,000 STP in FY09 in order to address Accrued Unbilled Costs for this project which is completed.

  • During the course of the FY07 PA TIP Update, one of the new line items that the region agreed to in theory was a line item to help fund Accrued Unbilled Costs so that current projects would not be impacted by the need to fund these actions.

  • One major violation and either one minor violation or an at-fault accident.

  • These actions are typically handled as Administrative Actions throughout the course of the year, and it is not unusual for the annual amount of Accrued Unbilled Costs (AUC) to exceed$10 million.

  • Seller's accounts receivable, unbilled costs and accrued profits (less customer progress payments), notes receivable, contracts in progress, accounts payable and notes payable (collectively, the "Receivables and Unbilled Costs") as of the Closing shall be recorded on its books and records in the ordinary course of business in accordance with GAAP applied on a consistent basis with prior years.

  • The Preliminary Engineering phase is being added back into the TIP for $12,000, in order to address Accrued Unbilled Costs.

Related to Unbilled Costs

  • Recovered Costs means any amounts referred to in clauses (d) and/or (e) of the definition of “Defaulted Mortgage Loan Purchase Price” that, at the time of determination, had been previously paid or reimbursed to any Servicer from sources other than collections on or in respect of the Mortgage Loan or the Mortgaged Property (including, without limitation, from collections on or in respect of loans other than the Mortgage Loan).

  • Approved costs means the eligible costs or expenditures2 as approved by the Provider, and as defined in the Agreement or Decision on Grant Funding to carry out the Grant Project.

  • Fixed Costs means costs which do not vary with consumption or volume produced;

  • Imbalance Charges means any fees, penalties, costs or charges (in cash or in kind) assessed by a Transporter for failure to satisfy the Transporter's balance and/or nomination requirements.

  • Avoided costs means the incremental costs to an electric utility of electric energy or capacity or both which, but for the purchase from the qualifying facility or qualifying facilities, such utility would generate itself or purchase from another source.

  • Eligible Costs means the actual costs reasonably incurred by the Recipient:

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • Qualified Costs means an electric utility's regulatory assets as determined by the commission, adjusted by the applicable portion of related investment tax credits, plus any costs that the commission determines that the electric utility would be unlikely to collect in a competitive market, including, but not limited to, retail open access implementation costs and the costs of a commission approved restructuring, buyout or buy-down of a power purchase contract, together with the costs of issuing, supporting, and servicing securitization bonds and any costs of retiring and refunding the electric utility's existing debt and equity securities in connection with the issuance of securitization bonds. Qualified costs include taxes related to the recovery of securitization charges.

  • Unbilled Receivable means, at any time, any Receivable as to which the invoice or xxxx with respect thereto has not yet been sent to the Obligor thereof.

  • Related Costs means lodging and, if necessary, physical protection for the Covered Person during or while waiting for Transport to the Nearest Place of Safety. Related Costs will include temporary lodging, if necessary, while a Covered Person is waiting to be transported back to the Host Country, Home Country or other country where the Policyholder that sponsored the Covered Person’s Trip is located. Benefits will not be payable for Related Costs unless We (or Our authorized assistance provider) authorize in writing, or by an authorized electronic or telephonic means, all expenses in advance, and services are rendered by Our assistance provider.

  • Disallowed costs means those charges determined to be unallowable, in accordance with the applicable Federal statutes, regulations, or the terms and conditions of the Federal award. (2 CFR 200.31 and 45 CFR 75.2)

  • Estimated Costs means costs estimated by the Authority as likely to be:

  • Unpaid Charges means any charges billed to the Non-Paying Party that the Non-Paying Party did not render full payment to the Billing Party by the Bill Due Date, including where funds were not accessible.

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Routine patient care costs means Covered Medical Expenses which are typically provided absent a clinical trial and not otherwise excluded under the Policy. Routine patient care costs do not include:

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • Contract Charges means charges that accrue during a given month as defined in Article III. “Contract Term” is defined in Article IV.

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Ineligible Costs means those expenditures described as ineligible in Schedule C.

  • Unallowable Costs has the same meaning as in 44 Ill. Admin. Code Part 7000.

  • Eligible Unbilled Receivable means, at any time, any Unbilled Receivable if (a) the related Originator has recognized the related revenue on its financial books and records under GAAP, and (b) not more than thirty (30) days have expired since the date such Unbilled Receivable arose.

  • Service Charges means the fees levied by the municipality in terms of its tariff policy for any municipal services rendered in respect of an immovable property and includes any penalties, interest or surcharges levied or imposed in terms of this policy.

  • Direct Costs means the sum of the following: