Actual cost of the work definition

Actual cost of the work means in the case of percentage rate contracts the actual cost of the work executed at the rates as mentioned in the Contract Schedule adjusted by the Contractor's percentage rate and cost of extra and excess, but excluding the cost on account of Water Charges and Sewerage Charges if any, payable by the contractor and also excluding cost on account of price variation claims as provided in price variation clause as amended up to date.
Actual cost of the work means in the case of percentage rate contracts the actual cost of the work executed at the rates as mentioned in the Contract Schedule adjusted by the Contractor's percentage rate and cost of extra and excess, but excluding the cost on
Actual cost of the work means in the case of percentage rate contracts the

Examples of Actual cost of the work in a sentence

  • Earnest Money deposit shall be as mentioned in the tender document and the Security Money shall be 5% of the Actual cost of the work the E.M.D. would be converted into Security amount in respect of successful tenderer.

  • Actual cost of the work must be documented by the Construction Manager as compared to the Guaranteed Maximum Price agreement.

  • Actual cost of the work shall be documented by the Construction Manager as compared to the Guaranteed Maximum Price agreement.

  • Actual cost of the work performed to bring property into compliance.

  • Earnest Money deposit shall be as mentioned in the tender doc ument and the Security Money shall be 5% of the Actual cost of the work the E.M.D. would be converted into Security amount in respect of successful tenderer.

  • Actual cost of the work (true value of the work)The average cost of the work related to each sub-trade calculated on the ba- sis of tenders received by the Bureau des soumissions déposées du Québec (BSDQ) where available or, otherwise, on the basis of average costs supplied by the General Contractors.

  • Earnest Money deposit shall be as mentioned in the tender document and the Security Money shall be 5% of the Actual cost of the work the E.M. D.

  • A further sum of 8% (eight percent) of the Gross value of each interim/ running account bill/ final bill shall be deducted as Retention money to make up, together with the Initial Security Deposit, a total Security Deposit equal to 5.0 % of the amount of the accepted value of the tender (Actual cost of the work).

Related to Actual cost of the work

  • Cost of the Work means costs necessarily incurred by the Construction Manager in the proper performance of the Work. Such costs shall be at rates not higher than those customarily paid at the place of the Project except with prior consent of the Owner. The Cost of the Work shall include only the items set forth in this Article 6.

  • Actual Cost means the cost of depleted supplies, records storage media costs, actual mailing and alternative delivery costs, or other transmitting costs, and any direct equipment operating and maintenance costs, including actual costs paid to private contractors for copying services.

  • Actual Costs as used herein shall mean those costs that were reasonably incurred in order to protect the honesty and integrity of the gaming being operated by Tribe under, and to monitor the Tribe’s compliance with, the Compact. Costs incurred in common for more than one tribe shall be allocated among such tribes. For purposes of this Section 13, prior years’ actual costs shall be based on the actual costs incurred for the twelve months ending September 30. Regulatory Fees shall be paid as follows:

  • Cost of the Project means and embraces the cost of construction; the cost of all

  • Actual consumption means the measured consumption by a customer of a municipal service;

  • 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.

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

  • Accrual Components As specified in the Preliminary Statement.

  • Cost of Services is FASC’s total Operating Costs incurred in providing the applicable Category of Services during the month to all investment advisers for which FASC provides that Category of Services. “Adviser’s Assets under Management” is the total average assets under management for the month for all Accounts or portions thereof for which the Adviser acts as investment adviser or subadvisor and which utilize the Category of Services.

  • Cleanup costs means expenses (including but not limited to legal and professional fees) incurred in testing for, monitoring, cleaning up, removing, containing, treating, neutralizing, detoxifying or assessing the effects of Pollutants.

  • Cost of work , in table above, shall mean the agreement amount of the work.

  • 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.

  • Actual emissions means the actual rate of emissions in tpy of any regulated pollutant (for fee calculation) emitted from a Part 71 source over the preceding calendar year. Actual emissions shall be calculated using each emissions unit’s actual operating hours, production rates, in-place control equipment, and types of materials processed, stored, or combusted during the preceding calendar year.

  • Total Costs means the sum of all direct and indirect costs associated with the purchase of the goods incurred by CPUT, including but not limited to the invoice price, goods life, service costs, distribution costs, transaction costs, inventory costs, purchasing administration costs and other costs incurred with the use of the goods provided by the Bidder.

  • Actual Minimum means, as of any date, the maximum aggregate number of shares of Common Stock then issued or potentially issuable in the future pursuant to the Transaction Documents, including any Underlying Shares issuable upon exercise in full of all Warrants, without giving effect to any limits on the number of shares of Common Stock that may be owned by a Holder at any one time.

  • Construction activity means any clearing, grading or excavation associated with large construction activity or associated with small construction activity.

  • 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.

  • Direct Costs means the sum of the following:

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • Gross Floor Area means the total floor area, measured between the outside of exterior walls or between the outside of exterior walls and the centre line of party walls dividing the building from another building, of all floors above the average level of finished ground adjoining the building at its exterior walls;

  • Actual weight means the actual unladen weight of a vehicle or combination of

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

  • Excess Costs means the additional costs, if any, which shall be

  • Controllable Expenses means all expenses, other than Uncontrollable Expenses, incurred by the Company or any Subsidiary of the Company with respect to the Property.