Gross cost definition

Gross cost means the total cost of utility services including the cost of the tangible personal property and any services associated with obtaining the utility services regardless from whom purchased.
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Gross cost means the total cost of utility services including the cost of the tangible
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Gross cost means the total cost of the telephonic and telegraphic communications, electrical power, water, and natural, artificial, or mixed gas including the cost of the tangible personal property and any services associated with obtaining the telecommunication and telegraphic services or tangible personal property, such as gas, electricity, and water, regardless from whom purchased.
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Examples of Gross cost in a sentence

  • In terms of Ind AS 101 and the Clarifications issued by the Institute of Chartered Accountants of India, the carrying value of all PPE as on April 01, 2015 (i.e Gross cost less Depreciation/ amortization upto that date) as per previous GAAP has been considered as deemed cost on the date of transition to Ind AS.

  • At minimum, facemasks should be used by people who show symptoms of COVID-19 to help prevent the spread of the disease to others - as they leave the workplace.

  • Gross cost synergies represent the reduction in pre-tax expenses achieved in a given year relative to 2020.

  • The IMT will coordinate with the FMAT to provide incident responders with assistance to collect and handle evidence.• Step 3: Identify the attacking host.

  • Gross cost for 11,000 watt PV system without battery storage is approximately $90,000 installed, including inverter (pro-rated from example in Table 8).

  • Gross cost of the solar equipment under the capital lease was $196,053 and is included in the building asset category with a useful life of 25 years.

  • Gross cost of borrowing rate decreases by 55 bps from 3.11% 2.58%.The financing rate was therefore 4.24% at September 30, 2020, compared with 4.22% at September 30, 2019.

  • Additions to Product Development - Internally Generated represents net material cost (Gross cost - Rs.434.66 lakhs less Proceeds Rs.230.92 lakhs) incurred on new products developed during the year.

  • Gross cost estimation of CETP and Captive power plants based on the capacities identified and finalized during the survey.

  • In terms of Ind AS 101 and the Clarifications issued by the Institute of Chartered Accountants of India, the carrying value of all PPE as on April 01, 2015 (i.e Gross cost less Depreciation/ amortisation upto that date) as per previous GAAP has been considered as deemed cost on the date of transition to Ind AS.


More Definitions of Gross cost

Gross cost means the sum of amounts actually billed on a Paid Claim including: Ingredient Cost, dispensing fee, and taxes, before application of Copayment.
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Gross cost means the total expenditures required to accomplish the purpose of the project. “Gross cost” does not include any credit for the value of salvaged facilities, but does include:
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Gross cost means the total dollar amount of all items included in thevalue of a lease at consummation,including but not limited to the base price of the leased property and anyother items added to that price, such as any markup by the lessor, taxes,insurance, service agreements, and any outstanding balance from a prior lease that is included in the new lease.
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Gross cost means the sum of: (1) the cost of raw materials; (2) direct labor including wages and employee benefits for the direct labor people; (3) freight and duty for materials or for transfer of products during the manufacturing process between factories; (4) variable overhead costs related to volume of production, utilities, and packing materials; (5) fixed overhead costs including toolmakers, production engineering, supervisory labor, insurance, depreciation, property taxes, and other manufacturing related expenses; (6) administrative costs (at no more than 10% of Gross Cost); and (7) royalties payable to non-Affiliate third parties for intellectual property embodied or used in manufacturing the products. The fixed and variable overhead costs shall be limited to standard rates within the industry and shall not reflect any additional costs caused by the nature of a start-up operation. Depreciation will be based on useful lives as follows: molds (3 years); dies (3 years); assembly equipment (4 years); production equipment (10 years) and buildings (25 years). Each Party will use commercially reasonable efforts, subject to its good faith business judgment, to minimize the elements of the "Gross Cost" within its control.
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Related to Gross cost

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • 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;

  • FTE Cost means, for any period, the FTE Rate multiplied by the number of FTEs in such period.

  • Allowable Cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.

  • Base Cost means base cost as defined in paragraph 1 of the Eighth Schedule;

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

  • Gross weight means the aggregate weight of a vehicle or combination of vehicles and the load

  • Gross Operating Expenses shall include (i) all costs and expenses of operating the Hotel included within the meaning of the term “Total Costs and Expenses” contained in the Uniform System and, (ii) without duplication, the following: all salaries and employee expense and payroll taxes (including salaries, wages, bonuses and other compensation of all employees of the Hotel, and benefits including life, medical and disability insurance and retirement benefits), expenditures described in Section 9.1, operational supplies, utilities, insurance to be provided by Lessee under the terms of this Lease, governmental fees and assessments, common area maintenance costs and other common area fees and assessments, food, beverages, laundry service expense, the cost of Inventories, license fees, advertising, marketing, reservation systems and any and all other operating expenses as are reasonably necessary for the proper and efficient operation of the Hotel and the Leased Property incurred by Lessee in accordance with the provisions hereof (excluding, however, (i) federal, state and municipal excise, sales and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes paid over to federal, state or municipal governments, (ii) the cost of insurance to be provided under Article 13, (iii) expenditures by Lessor pursuant to Article 13 and (iv) payments on any Mortgage or other mortgage or security instrument on the Hotel); all determined in accordance with generally accepted accounting principles. No part of Lessee’s central office overhead or general or administrative expense (as opposed to that of the Hotel), and no operating expenses paid or payable by tenants under Space Leases, shall be deemed to be a part of Gross Operating Expenses, as herein provided. Reasonable out-of-pocket expenses of Lessee incurred for the account of or in connection with the Hotel operations, including but not limited to postage, telephone charges and reasonable travel expenses of employees, officers and other representatives and consultants of Lessee and its Affiliates, shall be deemed to be a part of Gross Operating Expenses and such Persons shall be afforded reasonable accommodations, food, beverages, laundry, valet and other such services by and at the Hotel without charge to such Persons or Lessee.

  • 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.

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Gross Calorific Value of “GCV” shall mean that quantity of heat expressed in Kilowatt- hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapor as the Natural Gas and air before combustion.

  • Direct Costs means the sum of the following:

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Reasonable cost means a cost for a service or item that is consistent with the market standards for comparable services or items.

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • 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.

  • Total cost means the total annual cost of benefits and related costs including but not limited to claims, administration expenses, insurance premiums, consulting, auditing and advisory fees and all other costs and taxes, as reported on the insurance carrier’s most recent yearly statement, and if any, premium costs on other district school area board or public school authority statements, for the year ending no later than August 31, 2015. The aforementioned statements are to be provided to the Ministry of Education. Total Cost excludes retiree costs. The average number of Full-Time Equivalent (FTE) positions in the bargaining unit as at October 31st and March 31st for the period consistent with this clause.

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

  • gross tonnage means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I to the International Convention on Tonnage Measurement of Ships, 1969 or any successor Convention.

  • 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;