Certification of Costs. 5.1 Application of this clause
Certification of Costs. The Contractor shall on each anniversary of the Effective Date, and also at the request of the Authority (such additional requests not to exceed five occasions over the Term), provide to the Authority a certificate of the project costs (the “Certificate of Costs”) incurred within fifteen Working Days of such request. The Certificate of Costs shall be signed by a Director of the Contractor. The Certificate of Costs shall set out the Contractor’s and any Material Sub‑Contractors' actual costs, expenses and profits in providing the Services over the preceding Contract Year, including the following details: actual capital expenditure, including capital replacement costs; actual operating expenditure relating to the provision of the Services, with an analysis showing the costs of staff, consumables, sub‑contracted and bought‑in services; all interest, expenses and other financing costs incurred in relation to the project; details of the overhead recoveries that have been made in relation to the Services; and
Certification of Costs. 15.1 The Contractor shall, on each anniversary of the Effective Date, and also at the request of the Authority, - such additional requests not to exceed [five] occasions over the Term - provide to the Authority, a certificate of any of the costs incurred under paragraph [4] within 15 Working Days of such request. The Certificate should be signed by a Company Director. [Guidance: In situations where the Authority requires higher levels of certification, (where for example, the cost base is complex and/or Gainshare is expected to be a significant issue) it may be appropriate to require that the certificate is approved by the company’s auditors, though this is likely to incur an additional cost.]
15.2 Following receipt of the certificate of costs, the Contractor shall provide to the Authority any reasonable additional information to enable the Authority to verify the accuracy of the certificate of costs.
15.3 The Contractor shall meet with the Authority at monthly intervals during the Term to monitor the key elements of the Financial Model and the Contractor shall highlight directly to the Authority any variances from the Financial Model.
Certification of Costs. 7.1 During the term hereof, on or before November 1st each year, City shall certify to AMR that the funding received for Support Services in the prior fiscal year did not exceed the costs to the City of providing such services. In the event that funding received from AMR for Support Services exceeds City’s costs incurred in connection therewith for the prior fiscal year by three percent (3%) or more, up or down (a “Material Variation”), the parties shall meet and confer in accordance with Section 4.
7.2 During the term of this Agreement, on or before November 1st of each year, AMR will make available to City financial data showing for the 12 - month period, the payer mix, number of transports, current collection rate and estimated Marginal Collection Rate for any adjustment to fees. The parties agree that this information will remain proprietary and confidential and shall be utilized by City solely to verify AMR’s compliance with the terms of the EOA Agreement and this Agreement, and to determine if amounts being charged are reasonable and necessary. City agrees to assert applicable statutory or case law exemptions to the California Public Records Act in response to third party requests for any proprietary and confidential documentation provided to the City hereunder. AMR shall be required to fund any legal defense resulting from such requests.
Certification of Costs. All invoices must include the following statement and a signature of the authorizing official: “By signing this report, I certify to the best of my knowledge and belief that the report is true, complete, and accurate, and the expenditures, disbursements and cash receipts are for the purposes and objectives set forth in the terms and conditions of the Federal award. I am aware that any false, fictitious, or fraudulent information, or the omission of any material fact, may subject me to criminal, civil or administrative penalties for fraud, false statements, false claims or otherwise. (U.S. Code Title 18, Section 1001 and Title 31, Sections 3729-3730 and 3801-3812).”
Certification of Costs. Notwithstanding anything herein to the contrary, no costs or expense incurred by Developer shall be eligible for reimbursement under this Agreement, and no such cost or expense shall be payable to Developer under this Agreement, until such costs or expense has been certified pursuant to the Certification of Costs and Reimbursement Policy attached hereto as Exhibit F. The reasonable costs of such Cost Certification will be paid by Developer or, in the alternative, by the City in the form of a deduction against those amounts otherwise disbursable to Developer pursuant to this Agreement.
Certification of Costs. The Authority shall have received a certificate dated the Closing Date and signed by the President of the Company as to the actual cost of the Project, substantially in the form prescribed by the Authority, together with copies of appropriate bills of sale, construction contracts, invoices, receipts and other evidence of such costs if the Authority so requests, and an opinion of the Company's independent public accountant with respect thereto substantially in the form prescribed by the Authority.
Certification of Costs. The Hosting Supplier shall on each anniversary of the Effective Date and also at the request of the Authority (such additional requests not to exceed five occasions over the Term) within 15 Working Days of such request provide, to the Authority a Certificate of Costs in the format as set out in Appendix A to this schedule 7.1 (Charging and Invoicing). The Certificate of Costs shall be signed by a director of the Hosting Supplier. The Certificate of Costs shall set out the Hosting Supplier’s actual costs, expenses and profits in providing the services over the preceding year of the Agreement, including details of at least the following: the actual capital expenditure, including capital replacement costs (including details of expected asset lives); actual operating expenditure relating to the provision of the Services, with labour costs, consumables, sub-contracted and bought-in services; all interest expenses and other third party financing costs; details of the overhead recoveries that have been made to the extent detailed in Appendix A to this schedule 7.1 (Charging and Invoicing); and the profit which the Hosting Supplier has achieved in the provision of the Services including any profit element forming any part of the overhead recoveries disclosed by reason of paragraph 11.2.4 above. Following receipt of the Certificate of Costs, the Hosting Supplier shall provide to the Authority any reasonable additional information to enable the Authority to verify the accuracy of the Certificate of Costs. Following receipt of the Certificate of Costs, the Authority (and its expert third party advisors) shall be entitled at any time to access the Hosting Supplier’s computations that have been used by the Hosting Supplier in the preparation of the Certificate of Costs. The computations should follow the visibility principles set out in paragraph 3 of schedule 7.5 (Financial Model).
Certification of Costs. The Village represents that the anticipated Acquisition Costs of the Project Areas, the TID Public Improvements, the Village Development Work, and the Village Services and Facilities, shown in the Flow of Funds chart, and in Exhibits K and N, are materially accurate, based on the best information known to the Village at this time, and that those amounts do not include any costs which are being borne by any other government agency or utility. The Village knows of no circumstances presently existing or reasonably likely to occur which would or could result in a material adverse variation or deviation from the costs shown for these items. The Village will provide a letter to the Developer advising to the reasonably expected Acquisition Costs of each of the parcels in Area I, Area II and Area III, and the reasonably expected amounts of all payments in the Flow of Funds Chart with a higher Priority than the Developer Available Tax Increment for Area I, and, for the Area II/ III Available Tax Increment, all payments with higher priority than the payments to Developer provided herein.
Certification of Costs. Upon completion of the items set forth in Section 8, the UTILITY shall certify to the DEPARTMENT the actual costs and any related indirect costs accumulated in accordance with a work order accounting procedure prescribed by the applicable Federal or State regulatory body. The DEPARTMENT shall then verify said costs and pay to the UTILITY 75.00 percent of said costs, less any betterments and exclusive of any charge for interest on construction money, which amount is estimated to be Seventeen Thousand, Seven Hundred Seventy-Five and 00/100 ($17,775.00) dollars. If the UTILITY failed to meet any of the Accelerated Milestone Dates, the UTILITY’s share will be 100 percent of the actual and related indirect cost of the work referenced in Section 8, which was eligible for cost sharing pursuant to the provisions of Section 412.1 of the State Highway Law. If the UTILITY can recover from a missed Accelerated Milestone Date(s) and the awarding of the Project is not delayed, the only amount which will be payable to the UTILITY will be 25.00 percent of the actual and related indirect cost of the work referenced Section 8 that is eligible for cost sharing pursuant to the provisions of Section 412.1 of the State Highway Law. If the UTILITY fails to meet the Accelerated Milestone Dates but is eligible for reimbursement of relocation costs pursuant to the provisions of Section 412 of the State Highway Law the DEPARTMENT will reimburse 100 percent of the actual eligible costs, referenced in Section 8, in accordance with Section 412, less any betterment.
