Agreed Costs Sample Clauses

Agreed Costs. After the Designated Improvements have been preliminarily identified, the Agency and State Parks shall reasonably cooperate to (i) develop and agree upon designs for the Designated Improvements, (ii) prepare the necessary construction documents (provided, however, that State Parks shall direct the preparation of and approve all final construction documents), (iii) jointly select a mutually agreed upon contractor to perform the work, in accordance with any applicable requirements of the Public Contract Code, and (iv) establish and agree upon the reasonable cost of each Designated Improvement (the “Agreed Cost”). Except as the Agency and State Parks may otherwise agree, the Agreed Cost shall be based on the bid received from the jointly selected contractor.
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Agreed Costs. £ xxx (no VAT to be added) Contents
Agreed Costs 

Related to Agreed Costs

  • Reimbursable Costs 5.3.1. To be considered eligible for reimbursement, costs have to be: • actually incurred, individually identifiable and verifiable, as backed by copies of supporting evidence, as the case may be in the Contractor’s official bookkeeping; this means that no lump sums will be eligible for reimbursement; • necessary in order to perform the tasks as specified in the Terms of Reference (Annex 2); and • cost effective and providing value for money

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