Cost Application Clause Samples
The Cost Application clause defines how costs are assigned, calculated, and applied within the context of an agreement or project. Typically, it outlines which party is responsible for specific expenses, the method for determining cost amounts, and any procedures for reimbursement or cost-sharing. For example, it may specify that direct material costs are billed to the client, while overhead is absorbed by the contractor. The core function of this clause is to ensure transparency and fairness in the allocation of financial responsibilities, thereby reducing disputes over payment and clarifying each party’s obligations.
Cost Application. 1. Cost breakdown of quotations must be submitted in USD including payment terms and any applicable discount.
2. Quotations shall be valid for a minimum thirty (30) days from the RFQ closing date.
3. Payments made will be subject to applicable Value Added Tax (10%)
4. Selected vendor will be responsible for managing Value Added Tax (10%)
Cost Application. 1. Cost breakdown of quotations must be submitted in USD including payment terms and any applicable discount.
2. Quotations shall be valid for a minimum one thirty (30) days from the RFQ closing date.
3. Payments made will be subject to applicable Value Added Tax (10%)
4. Selected vendor will be responsible for managing Value Added Tax (10%)
Item #1 REQUIRED SPECIFICATION of High-flow nasal cannula (HFNC) for adult and pediatric use 1 General requirements Ability to generate flow from room air and mix with oxygen. The oxygen source could be an oxygen concentrator or cylinder. User interface to be easy to operate, numbers and displays to be clearly visible. The mixed gas of air and oxygen is warmed up to 37 °C and 100% relative humidity. FiO2: 21 to 100 %. Flow: 2 to 50 L/min (minimum). Controls to be easy to operate, numbers and displays to be clearly visible. Digital display of Temperature [°C], Flow [L/min], Oxygen concentration [%]. Humidity compensation system. Noise level to be less than 35 dB A at mid pressure range. Trigger sensitivity range: 1-10 cmH2O, increments of 1 cmH2O or automatic. In-built air compressor. All parts withstand high disinfection procedures.
Cost Application. In the event there are multiple projects proposed in a submittal, a separate cost application should be included for each project proposed for funding. The cost application should have sufficient detail that an independent evaluation of the labor, materials, equipment and other costs as well as verification of the proposed cost share can be performed. Applications submitted in response to this solicitation may contain trade secrets and/or privileged or confidential commercial or financial information which the applicant does not want used or disclosed for any purpose other than evaluation of the application. The use and disclosure of such data may be restricted provided the applicant marks the cover sheet of the application with the following legend, specifying the pages of the application which are to be restricted in accordance with the conditions of the legend: ‘‘The data contained in pages lll of this application have been submitted in confidence and contain trade secrets or proprietary information, and such data shall be used or disclosed only for evaluation purposes, provided that if this applicant receives an award as a result of or in connection with the submission of this application, DOE shall have the right to use or disclose the data herein to the extent provided in the award. This restriction does not limit the government’s right to use or disclose data obtained without restriction from any source, including the applicant.’’ Further, to protect such data, each page containing such data shall be specifically identified and marked, including each line or paragraph containing the data to be protected with a legend similar to the following: ‘‘Use or disclosure of the data set forth above is subject to the restriction on the cover page of this application.’’ It should be noted, however, that data bearing the aforementioned legend may be subject to release under the provisions of the Freedom of Information Act (FOIA), if DOE or a court determines that the material so marked is not exempt under the FOIA. The Government assumes no liability for disclosure or use of unmarked data and may use or disclose such data for any purpose. Applicants are hereby notified that ▇▇▇ intends to make all applications submitted available to non- Government personnel for the sole purpose of assisting the DOE in its evaluation of the applications. These individuals will be required to protect the confidentiality of any specifically identified information obtained as a re...