Direct Cost of the Work definition

Direct Cost of the Work means labor, material and other costs reasonably and necessarily incurred in the proper performance of the Work as approved by the Department and shall include, but not be limited to:
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Direct Cost of the Work means the total cost of the construction work of the Project as may be revised throughout the Post-GMP Phase.
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Direct Cost of the Work means those items included in any Construction CAP which, pursuant to the Construction General Conditions, are directly related to construction and not otherwise defined under such Construction Phase.
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Examples of Direct Cost of the Work in a sentence

  • No personnel above the level of a working xxxxxxx shall be considered a Direct Cost of the Work.

  • Incorporated and unincorporated materials as permitted under Section 8.1. Direct Cost of the Work does not, however, include home office overhead, field supervision, general conditions or profit of either the Subcontractor or the Design-Builder.

  • Direct Cost of the Work - Costs necessarily incurred by the Licensee to perform the construction Work shown on the Construction Documents, usually performed by the trade contractors.

  • The CMR’s Direct Cost of the Work is defined as the sum of all Subcontractor costs, Allowances, fees and charges, including Subcontractor insurance (other than OCIP Insurance) and Subcontractor bond costs incurred during the Construction Phase.

  • The CMR’s Fee shall be a percentage of the Direct Cost of the Work that will include all of CMR’s anticipated profit and all of CMR’s home, office and other overhead.

  • Amount(s) indicated in the Agreement as part of the Direct Cost of the Work for specific scopes of work for which the CMR may xxxx its time and materials.

  • The GMP, or the actual Direct Cost of the Work, whichever is less, shall be reduced by the cost to the Owner of making good such deficiencies and the Construction Manager's Construction Phase Fee shall be reduced by an amount required to manage the making good of such deficiencies.

  • To the extent the Direct Cost of the Work is paid with funds of the Construction Manager, all cash discounts shall accrue to the Construction Manager.

  • If not accepted by the Owner as General Conditions, the cost becomes part of the Contractor Home Office and other Overhead & Profit *** If used in self-performed work, may be eligible for Direct Cost of the Work with advance notice and approval by the Owner This Agreement is based closely upon the American Institute of Architects 1997 Edition of AIA Document A121, “Standard Form of Agreement Between Owner and Construction Manager, where the Construction Manager is also the Constructor”.

  • In addition to its other duties related to budgeting and estimating, the Construction Manager must perform the following tasks related to the Direct Cost of the Work.


More Definitions of Direct Cost of the Work

Direct Cost of the Work means those items included in any Construction GMP which, pursuant to the Construction General Conditions, are directly related to construction and not otherwise defined under such Construction Phase.
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Direct Cost of the Work. Determined by bids obtained from subcontractors in accordance with Section 5 below. • Contingency: 5% of the Cost of the Work.
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Related to Direct 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.

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

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Direct Costs means the sum of the following:

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • 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.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Routine Patient Costs means all health care services that are otherwise covered under the Group Contract for the treatment of cancer or other Life-threatening Condition that is typically covered for a patient who is not enrolled in an Approved Clinical Trial.

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

  • Qualified Project Costs shall have the meaning given to it in the Regulatory Agreement.

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Indirect cost means any cost not directly identified with a single final cost objective, but identified with two or more final cost objectives or with at least one intermediate cost objective.

  • Indirect Costs has the same meaning as in 44 Ill. Admin. Code 7000.30.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Total Project Costs means the total amount of money required to complete the Project.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Indirect Cost Rate means a device for determining in a reasonable manner the proportion of indirect costs each Program should bear. It is a ratio (expressed as a percentage) of the Indirect Costs to a Direct Cost base. If reimbursement of Indirect Costs is allowable under an Award, Grantor will not reimburse those Indirect Costs unless Grantee has established an Indirect Cost Rate covering the applicable activities and period of time, unless Indirect Costs are reimbursed at a fixed rate.

  • Total Project Cost means the lowest of the following:

  • Cost of Capital Improvement Projects means the costs of acquiring, constructing, reconstructing, expanding, improving and engineering Capital Improvement Projects, and related financing costs.

  • Subprojects means more than one such Subproject.