DIRECT AND INDIRECT CHARGES Sample Clauses

DIRECT AND INDIRECT CHARGES. The Contractor shall purchase items and services (e.g. equipment installation) to perform the requirements of this contract. All Material Purchases shall be accomplished by the prime contractor through the prime’s material purchase process. Purchases shall be submitted through the RTC Material Purchase Process for the purposes of tracking their status and the identification of any readily available items. The Contractor shall ensure that maximum effort is made to control costs and promote competition while purchasing parts, supplies, materials, equipment, and subcontracted services. Prior to the procurement of any materials and travel, under the Material and Travel CLINs/SLINs, the Contractor shall provide a detailed estimate of the materials or travel required along with back-up detail (i.e., quotes from vendors, previous buy information, price lists, airline and hotel costs, and other such information as defined in FAR Part 15.404) that allows the Contracting Officers Representative to analyze the request(s) for price reasonableness. The materials and travel purchase requests must be concurred with by the COR which indicates that the material and travel are needed for performance of the contract. Once the Contracting Officers Representative has determined that the estimates are fair and reasonable, approval will be provided to the Contractor. The Contractor may then proceed with the purchase of the materials or booking of the travel arrangements. Within 15 days after receipt of a purchase, the Contractor shall forward documentation (suppliers invoice), to the COR as to the basis of the expenditure and evidence of receipt before submitting the request for payment. Additionally, Contractors handling charges for the Other Direct Costs category shall not include profit and shall not exceed the rate specified in delivery orders issued for the appropriate period. Contractor invoices submitted against delivery orders shall be accompanied by a copy of the supplier’s invoices for the items and services.
AutoNDA by SimpleDocs
DIRECT AND INDIRECT CHARGES. 4.13.3.1. The Contractor shall occasionally purchase items and services (e.g., equipment installation) to perform the requirements of this contract, to include travel. Within 15 days after receipt of a purchase or completion of travel, the Contractor shall forward documentation (supplier’s invoice/travel receipts) and the ATC Form 534R to the COR as to the basis of the expenditure and evidence of receipt before submitting the request for payment. Additionally, Contractors handling charges for the ODC category shall not include profit and shall not exceed the rate specified in delivery orders issued for the appropriate period. Contractor invoices submitted against delivery orders shall be accompanied by a copy of the supplier’s invoices for the items and services.

Related to DIRECT AND INDIRECT CHARGES

  • Direct Charges To the extent Cash-based Expenses are incurred by the Contractor, the Contractor shall be reimbursed for reasonable and necessary actual direct costs incurred (e.g., equipment, supplies, travel and other costs directly associated with the performance of the Agreement) to the extent required in the performance of the Work and to the extent such costs are anticipated in the Budget. Travel, lodging, meals and incidental expenses shall be reimbursed for reasonable and necessary costs incurred. Costs shall not exceed the daily per diem rates published in the Federal Travel Regulations. Reimbursement for the use of personal vehicles shall be limited to the Internal Revenue Service business standard mileage rate in effect at the time the expense was incurred.

  • Indirect Costs If indirect costs are charged, the Subrecipient will develop an indirect cost allocation plan for determining the appropriate Grantee share of administrative costs and shall submit such plan to the Grantee for approval.

  • Direct Costs Insert the major cost elements. For each element, consider the application of the paragraph entitled “Costs Requiring Prior Approval” on page 1 of these instructions.

  • Indirect Cost Except as otherwise authorized by this contract, no indirect costs shall be reimbursed.

  • CONTRACT CHARGES The Contract Charges for the Services shall be structured using any of the following pricing mechanisms (as may be agreed by the Parties and set out in an SOW); Capped Time and Materials; Price per Story; Time and Materials; Fixed Price (to be used only for Services that are ancillary to software development services); or using such other pricing mechanism or combination of pricing mechanism thereof as may be agreed by the Parties. In consideration of the Supplier’s performance of its obligations under this Contract and in consideration of the specific services that are set out in an applicable SOW, the Customer shall pay the undisputed Contract Charges in accordance with the relevant SOW for the Release and the payment provisions set out at Clause 14 (Payment and VAT). The Customer shall, in addition to the Contract Charges and following delivery by the Supplier of an Invoice, pay the Supplier a sum equal to the VAT chargeable on the value of the Services supplied in accordance with this Contract. If at any time during this Contract Period the Supplier reduces its framework Prices for any Services which are provided under the framework Agreement (whether or not such Services are offered in a catalogue (if any) which is provided under the framework Agreement) in accordance with the terms of the framework Agreement, the Supplier shall immediately reduce the Contract Charges for such Services under this Contract by the same amount. The Supplier shall in any event ensure that the Contract Charges are at all times compliant and consistent with the charging structure set out in framework Schedule 8 (Charging Structure) and do not exceed the prices set out therein. Contract Charges:

  • DIRECT PERSONNEL EXPENSE 4.1. Direct Personnel Expense of employees engaged on the Project by the ARCHITECT/ENGINEER includes ARCHITECT/ENGINEERS, other engineers, designers, job captains, draftsmen, specification writers and typists, in consultation, research and design in producing Drawings, Specifications and other documents pertaining to the Project, and in services during construction at the site.

  • Extra Charges No charges of any kind, including charges for boxing or cartage, will be allowed unless specifically agreed by Xxxxx in writing. Pricing by weight, where applicable, covers net weight of Goods, unless otherwise agreed.

  • Cost and Expenses Borrower agrees, whether or not any Loan is made hereunder or any Letter of Credit is issued hereunder, to pay the Agent upon demand (i) all out-of-pocket costs and expenses and all Attorneys' Fees of the Agent in connection with the preparation, documentation, negotiation, execution, amendment, modification, extension and/or renewal of this Agreement, the Notes, the Letter of Credit Application(s), the Security Agreement, the Deeds of Trust, the Collateral Assignment, the Pledge Agreement and the other Transaction Documents, (ii) all recording, filing and search fees and expenses and title insurance premiums, if any, incurred in connection with this Agreement and the other Transaction Documents, (iii) all reasonable out-of-pocket costs and expenses and all Attorneys' Fees of the Agent in connection with the preparation of any waiver or consent hereunder, (iv) if an Event of Default occurs, all out-of-pocket costs and expenses and all reasonable Attorneys' Fees incurred by the Agent and each of the Banks in connection with such Event of Default and collection and other enforcement proceedings resulting therefrom and (v) all other Attorneys' Fees incurred by the Agent relating to or arising out of or in connection with this Agreement or any of the other Transaction Documents. Borrower further agrees to pay or reimburse the Agent and each of the Banks for any stamp or other taxes which may be payable with respect to the execution, delivery, recording and/or filing of this Agreement, the Notes, the Letter of Credit Application(s), the Security Agreement, the Deeds of Trust, the Collateral Assignment, the Pledge Agreement or any of the other Transaction Documents. All of the obligations of Borrower under this Section 13.3 shall survive the satisfaction and payment of Borrower's Obligations and the termination of this Agreement.

  • Operating Costs The Assuming Institution agrees, during its period of use of any Leased Data Management Equipment, to pay to the Receiver or to appropriate third parties at the direction of the Receiver all operating costs with respect thereto and to comply with all relevant terms of any existing Leased Data Management Equipment leases entered into by the Failed Bank, including without limitation the timely payment of all rent, taxes, fees, charges, maintenance, utilities, insurance and assessments.

  • Costs and Charges 8.19.1 To protect the Landlord from loss arising from a claim that may be brought against the Tenant as a consequence of a breach by the Tenant of any covenant contained in this Agreement. Such loss shall be deemed to include any charges which the Landlord may reasonably incur in connection with proceedings in a court of law against the Tenant but without prejudice to a Tenant’s right to have such costs assessed by the relevant court.

Time is Money Join Law Insider Premium to draft better contracts faster.