Actual Cost Sample Clauses
The "Actual Cost" clause defines how expenses are calculated based on the real, incurred costs rather than estimates or predetermined rates. In practice, this means that a party is reimbursed or paid for the documented, verifiable expenses directly related to the work performed, such as labor, materials, and equipment, as opposed to a fixed or lump-sum amount. This clause ensures transparency and accuracy in billing, helping to prevent disputes over costs and ensuring that payments reflect the true expenditures associated with a project or service.
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Actual Cost. A verifiable amount paid for labor, material, equipment and supplies in the performance of the Work.
Actual Cost. If this method is indicated in the heading of the AGREEMENT, the AGENCY agrees to reimburse the CONSULTANT the actual overhead costs verified by audit, up to maximum amount payable, authorized under this AGREEMENT, when accumulated with all other actual costs.
Actual Cost. By amounts determined on the basis of actual costs incurred, as distinguished from forecasted expenditures. No changes, for which additional fee payment is claimed, shall be made unless pursuant to a written order from the City, and no claim for payment shall be valid unless so ordered. The Contractor agrees to maintain complete and accurate records of all change work, in a form satisfactory to the City. The City reserves the right to audit the records of the Contractor related to any extra work or additional services. Any such services rendered shall be subject, in all other respects, to the terms of the Contract. When changes are so ordered, no additional work shall be performed by the Contractor until a Contract amendment has been fully executed, unless written notice to proceed is issued by the City. Any claim for extension of time that may be necessitated as a result of extra work or additional services and changes shall be given consideration and evaluated insofar as it directly relates to the change.
Actual Cost. 2 3.3 Annual Fee......................................................................................2 3.4 Cable...........................................................................................2 3.5 Cable Accessories...............................................................................2 3.6 Claims..........................................................................................2 3.7 Demarcation Point...............................................................................2 3.8 Ending Date.....................................................................................3 3.9 Equipment.......................................................................................3 3.10 [**] Rates......................................................................................3 3.11
Actual Cost. The total costs incurred by Contractor for providing contracted services.
Actual Cost. If this method is indicated in the heading of the AGREEMENT the AGENCY agrees to reimburse the CONSULTANT the actual overhead costs verified by audit, up to the Maximum Total Amount Payable, authorized under this AGREEMENT, when accumulated with all other Actual Costs. A summary of the CONSULTANTS cost estimate and the overhead computation is shown in Exhibit “E” attached hereto and by this reference made part of this AGREEMENT. When an Actual Cost method is used, the CONSULTANT (prime and all sub-consultants) will submit to the AGENCY within six (6) months after the end of each firm’s fiscal year, an overhead schedule in the format required by the AGENCY (cost category, dollar expenditures, etc.) for the purpose of adjusting the overhead rate for billing purposes. It shall be used for the computation of progress payments during the following year and for retroactively adjusting the previous year’s overhead cost to reflect the actual rate. DOT Form 140-089 EF Exhibit D-2 Revised 6/08 Failure to supply this information by either the prime CONSULTANT or any of their sub- consultants shall cause the AGENCY to withhold payment of the billed overhead costs until such time as the required information is received and an overhead rate for billing purposes is approved. The AGENCY, STATE and/or the Federal Government may perform an audit of the CONSULTANT’S books and records at any time during regular business hours to determine the actual overhead rate, if they so desire.
Actual Cost. Any charges to the Receiving Party for Administrative Services provided by Cantor or Newmark, as the case may be, or by third parties pursuant to Section 2 of this Agreement shall be based upon rates not intended to provide a profit to Cantor or Newmark, as applicable. Any sales, use, value added, turnover or similar taxes required to be charged in respect of Administrative Services provided by a party to another party shall be charged in addition to any charges otherwise due hereunder, and shall be included in the relevant invoice.
Actual Cost. Mortgage Fee If we register a mortgage over your property at any time, we will charge you mortgage registration costs. Actual Cost
Actual Cost. Any charges to the Receiving Party for Transition Services provided by BGC Partners or Newmark, as the case may be, or by third parties pursuant to Section 2 of this Agreement shall be based upon rates intended to reflect the Providing Party’s actual cost of providing such Transition Services and not to provide a profit to BGC Partners or Newmark, as applicable. Any sales, use, value added, turnover or similar taxes required to be charged in respect of Transition Services provided by a party to another party shall be charged in addition to any charges otherwise due hereunder, and shall be included in the relevant invoice.
Actual Cost. Any charges to the Receiving Party for services or benefits provided by Cantor or BGC Partners, as the case may be, or by third parties pursuant to Section 2 hereof shall be based upon rates not intended to provide a profit to Cantor or BGC Partners.
(a) Each Receiving Party shall pay to the relevant Providing Party the aggregate charge for services provided under this Agreement in arrears within 30 days after each calendar month. Amounts due by any one Receiving Party to any one Providing Party under the Agreement shall be set off against amounts due by the second party to the first under this or any other Agreement.
(b) Any value added or other turnover taxes required to be charged in respect of services provided by a party to another party shall be charged in addition to any charges otherwise due hereunder, and shall be included in the relevant invoice.