Common use of Allowable Net Profit Clause in Contracts

Allowable Net Profit. The amount determined by applying the Allowable Profit Rate to Total Project Cost pursuant to N.J.S.A. 40A:20-3(c).

Allowable Net Profit. The amount determined arrived at by applying the Allowable Profit Rate to Total Project Cost pursuant to Rate, as defined by N.J.S.A. 40A:20-3(c3(b), to the Total Project Cost, as defined by N.J.S.A. 40A:20-3(h), pursuant to the provisions of N.J.S.A. 40A:20-3(b) and (c).

Allowable Net Profit. The amount determined arrived at by applying the Allowable Profit Rate allowable profit rate to Total Project Cost the total project cost pursuant to the provisions of N.J.S.A. 40A:2040A: 20-3(c).