Common use of Cost Substantiation Certificate Clause in Contracts

Cost Substantiation Certificate. The Company shall prepare and provide to SRWA a Cost Substantiation certificate to substantiate and document the cost. The certificate must state and describe the amount of the cost, the provision(s) of this Contract under which the cost is chargeable to SRWA, the competitive or other process utilized by the Company to obtain the reasonable price, and how such work, services, or materials are reasonably required to perform the Design-Build Work. The Cost Substantiation certificate shall be accompanied by copies of such documentation (e.g., timesheets, invoices, canceled checks, expense reports, receipts) as shall be necessary to reasonably demonstrate that the cost as to which Cost Substantiation is required has been paid or incurred. Such documentation shall be in a format reasonably acceptable to SRWA and shall include reasonably detailed information concerning all Subcontracts and, with respect to self-performed work, (1) the amount and character of materials, equipment and services furnished or utilized, the vendors or other Persons from whom purchased, and the amounts payable therefor; (2) a statement of any equipment used and any rental payable therefor; (3) employee hours, duties, wages, salaries, benefits and assessments; and (4) profit, administration costs, bonds, insurance, taxes, premiums overhead, and other expenses. Company personnel and personnel of Subcontractors providing technical services shall be billed at their then currently applicable rates for similar services on projects of similar size and scope to the Design-Build Work to governmental entities. The Company shall use reasonable efforts to use available Company personnel for additional work hereunder before using Subcontractors.

Cost Substantiation Certificate. The Company shall prepare and provide to SRWA a Cost Substantiation Any certificate delivered h ereunder to substantiate and document cost shall be signed by a senior management officer of the cost. The certificate must Lessee, shall state and describe the amount of such cost and the cost, the provision(s) provisions of this Contract Lease Agreement under which the w hich such cost is properly chargeable to SRWAthe Lessor, sh all describe the competitive or other process utilized by the Company Lessee to obtain the reasonable a fair market price, and how shall state that such workcost is a fair market price for the service or materials to be supplied (or, servicesif there is no market, or th at such cost is commercially reasonable) and that such services and materials are reasonably required pursuant to perform the Design-Build Workthis Lease Agreement. The Cost Substantiation certificate shall be accompanied by copies of such documentation (e.g., timesheets, invoices, canceled checks, expense reports, receipts) docum entation as shall be necessary to reasonably demonstrate dem onstrate that the cost as to which Cost Substantiation Substan tiation is required has been paid or incurred. Such documentation shall be in a format reasonably acceptable to SRWA the Lessor and shall include reasonably detailed information concerning all Subcontracts and, with respect to self-performed work, concerning: (1) all Subcontracts; (2) the amount and character of materials, equipment materials and services furnished or utilizedfurnished, the vendors or other Persons persons from whom purchased, and the amounts payable therefortherefor and related delivery and transportation costs and any sales or personal property Taxes; (23) a statement of any the equipment used and any rental payable therefor; (34) Lessee and Subcontractor employee hours, duties, wages, salaries, benefits and assessmentsassessm ents; and (45) Lessee and Subcontractor profit, administration costs, bonds, insurance, taxes, premiums overhead, and other expenses. Company personnel and personnel The Lessee's entitlement to reimbursement of Subcontractors providing technical services Cost Substantiated costs of the Lessee shall be billed at their then currently applicable rates for similar services on projects of similar size and scope subject to the Design-Build Work to governmental entities. The Company shall use reasonable efforts to use available Company personnel for additional work hereunder before using Subcontractorslimitations set forth in this Section.

Cost Substantiation Certificate. The Company shall prepare and provide to SRWA a Cost Substantiation Any certificate delivered h ereunder to substantiate and document cost shall be signed by a senior managem ent officer of the cost. The certificate must Company, shall state and describe the amount of such cost and the cost, the provision(s) provisions of this Service Contract under un der which the such cost is properly chargeable to SRWAthe Borough, shall describe the competitive or other process utilized by the Company to obtain the reasonable a fair market price, and how shall state that such workcost is a fair market price for the service or m aterials to be supplied (or, servicesif there is no market, or that such cost is commercially reasonable) and that such services and materials are reasonably required pursuant to perform the Design-Build Workthis Service Con tract. The Cost Substantiation certificate shall be accompanied by copies of such documentation (e.g., timesheets, invoices, canceled checks, expense reports, receipts) docum entation as shall be necessary to reasonably demonstrate dem onstrate that the cost as to which Cost Substantiation Substan tiation is required has been paid or incurred. Such documentation shall be in a format reasonably acceptable to SRWA the Borough and shall include reasonably detailed information concerning all Subcontracts and, with respect to self-performed work, concerning: (1) all Subcontracts; (2) the amount and character of materials, equipment materials and services furnished or utilizedfurnished, the vendors or other Persons persons from whom purchased, and the amounts payable therefortherefor and related delivery and transportation costs and any sales or personal property Taxes; (23) a statement of any the equipment used and any rental payable therefor; (34) Company and Subcontractor employee hours, duties, wagesw ages, salaries, benefits ben efits and assessmentsassessm ents; and (4) profit, administration costs, bonds, insurance, taxes, premiums overhead, and other expenses. Company personnel and personnel of Subcontractors providing technical services shall be billed at their then currently applicable rates for similar services on projects of similar size and scope to the Design-Build Work to governmental entities. The Company shall use reasonable efforts to use available Company personnel for additional work hereunder before using Subcontractors.and

Cost Substantiation Certificate. The Company shall prepare and provide to SRWA a Cost Substantiation Any certificate delivered hereunder to substantiate and document cost shall be signed by a senior management officer of the cost. The certificate must Design-Build Contractor, shall state and describe the amount of such cost and the cost, the provision(s) provisions of this Contract Design-Build Agreement under which the such cost is properly chargeable to SRWAthe Sewer District, shall describe the competitive or other process utilized by the Company Design-Build Contractor to obtain the reasonable a fair market price, and how shall state that such workcost is a fair market price for the service or materials to be supplied (or, servicesif there is no market, or that such cost is commercially reasonable) and that such services and materials are reasonably required pursuant to perform the this Design-Build WorkAgreement. The Cost Substantiation certificate shall be accompanied by copies of such documentation (e.g., timesheets, invoices, canceled checks, expense reports, receipts) as shall be necessary to reasonably demonstrate that required by the cost as to which Cost Substantiation is required has been paid or incurredSewer District. Such documentation shall be in a format reasonably acceptable to SRWA the Sewer District and shall include reasonably detailed information concerning all Subcontracts and, with respect to self-performed work, concerning: (1) all Subcontracts; (2) the amount and character of materials, equipment materials and services furnished or utilizedto be furnished, the vendors or other Persons persons from whom purchased or to be purchased, and the amounts payable therefortherefore and related delivery and transportation costs and any sales or personal property Taxes; (23) a statement of any the equipment used or to be used, and any rental payable therefortherefore; (34) Design-Build Contractor and Subcontractor employee hours, duties, wages, salaries, benefits and assessments; and (45) profitDesign- Build Contractor profit and overhead in accordance with subsection (D) of this Section, administration costs, bonds, bonds and insurance, taxes, premiums overhead, and other expenses. Company personnel and personnel The Design-Build Contractor’s entitlement to reimbursement of Subcontractors providing technical services shall be billed at their then currently applicable rates for similar services on projects Cost Substantiated costs of similar size and scope to the Design-Build Work Contractor shall be subject to governmental entities. The Company shall use reasonable efforts to use available Company personnel for additional work hereunder before using Subcontractorsthe limitations set forth in this Section.