Common use of Cost of Work Clause in Contracts

Cost of Work. The term “Cost of the Work” shall mean costs necessarily incurred by the Construction Manager in the proper performance of the Work. Such costs shall be at rates not higher than those customarily paid at the place of the Project except with prior consent of the Owner. The Cost of the Work shall include only the items set forth in this Article 6.

Appears in 5 contracts

Samples: Construction Management Agreement, Construction Management Agreement, Construction Management Agreement

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Cost of Work. The term Cost of the Work” shall mean the sum of all direct costs necessarily and reasonably incurred and paid by the Construction Manager CONTRACTOR in the proper performance of the Work. Such costs shall be at rates not higher than those customarily paid at in the place locality of the Project except with the prior written consent of the OwnerCITY. The Cost of the Work shall include only the items set forth in this Article 6.be determined as follows:

Appears in 1 contract

Samples: Invitation to Bid

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Cost of Work. The term “Cost of the Work” shall mean the actual and verifiable costs reasonably and necessarily incurred by the Construction Manager in the proper and strict performance of the Work. Such costs shall be at rates not higher than those customarily paid at Work as described in the place of the Project except with prior consent of the Owner. The Cost of the Work shall include only the items Contract, as set forth more particularly in this Article 6Section 8 herein.

Appears in 1 contract

Samples: Construction Manager at Risk Contract

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