Equipment Costs. The allowance for equipment costs (both rental as well as Contractor‑owned equipment) shall be based on actual and verified rental company rates. Hourly, daily, weekly, or monthly rates shall be used, whichever is lower. Hourly rates including operator shall not be used. Unless otherwise specified, manufacturer’s ratings and manufacturer approved modifications shall be used to classify equipment for determination of applicable rental rates. The actual time to be paid for equipment shall be the time that the equipment is in productive operation on the Work under Contract Modification. In computing the hourly rental of equipment, any time less than thirty (30) minutes shall be considered one‑half (1/2) hour. No payment will be made for time while equipment is inoperative due to breakdown, or for non‑workdays. In addition, the rental time shall not include the time required to move the equipment to and from the project site. No mobilization or demobilization will be allowed for equipment already on site. If such equipment is not moved by its own power, then loading and transportation costs will be paid in lieu of rental time thereof. However, neither moving time nor loading and transportation costs will be paid if the equipment is used on the Project Site in any other way than upon the work directly related to the Contract Modification.
Equipment Costs. Costs of renting or leasing equipment
1.3.1 This budget category covers the costs of renting or leasing equipment (finance leasing, renting and operational leasing).
1.3.2 Equipment costs must be declared as actual costs (see Article 5.2(d)).
1.3.3 The costs must comply with the following conditions for eligibility:
6.1 (a)) • not exceed the depreciation costs of similar equipment, infrastructure or assets • not include any financing fees.
1.3.4 They must be calculated according to the following principles: Leasing (finance leasing) with the option to buy the durable equipment: the equipment leased by the beneficiary is recorded as an asset of the beneficiary and the corresponding depreciation costs may be charged in accordance with the beneficiary’s usual accounting practices. The cost claimed cannot exceed the costs that would have been incurred if the equipment had been purchased and depreciated under normal accounting practices. The finance charges included in the finance lease payments are thus ineligible. The costs declared under the action cannot include any interest on loans taken to finance the purchase, or any other type of financing fee. Renting and operational leasing: the equipment rented or leased by the beneficiary is not recorded as an asset of the beneficiary. There is no depreciation involved (as the item is still the property of the renting or leasing firm), but the rental or lease costs of the beneficiary (i.e. its periodic payments to the renting or leasing firm) are eligible, if they follow the beneficiary’s usual practices and do not exceed the costs of purchasing the equipment (i.e. are comparable to the depreciation costs of similar equipment).
Equipment Costs. Costs of equipment, infrastructure or other assets contributed in-kind against payment
1.4.1 This budget category covers the costs of equipment, infrastructure or other assets contributed in-kind against payment.
1.4.2 Equipment costs must be declared as actual costs (see Article 5.2(d)).
1.4.3 The costs must comply with the following conditions for eligibility:
6.1 (a)) • not exceed the depreciation costs of similar equipment, infrastructure or assets • not include any financing fees • fulfil the additional eligibility conditions set out in Article 11.1.
Equipment Costs. Full cost of purchasing equipment, infrastructure or other assets
Equipment Costs. This is an itemization of the type of equipment and the estimated or actual length of time the construction equipment appropriate for the Work is or will be used on the change in the Work. Costs will be allowed for construction equipment only if used solely for the changed Work, or for additional rental and transportation costs actually incurred by the Contractor. Equipment charges shall be computed on the basis of actual invoice costs or if owned, from the current edition of one of the following sources:
(1) Associated General Contractors Washington State Department of Transportation (AGC WSDOT) Equipment Rental Agreement current edition, on the Contract execution date.
(2) The National Electrical Contractors Association for equipment used on electrical work.
(3) The Mechanical Contractors Association of America for equipment used on mechanical work. The Equipment Watch Rental Rate Blue Book shall be used as a basis for establishing rental rates of equipment not listed in the above sources. The maximum rate for standby equipment shall not exceed that shown in the AGC WSDOT Equipment Rental Agreement, current edition on the Contract execution date.
Equipment Costs. The Bloomfield Board of Education assumes all financial responsibility for equipment – costs, materials, and liability for losses, including payment for any and all insurance premiums associated with authorized use of all school equipment including computers.
Equipment Costs. Costs of equipment, infrastructure or other assets contributed in-kind against payment
1.4.1 What? This budget category covers the costs of equipment, infrastructure or other assets contributed in-kind against payment.
1.4.2 Equipment costs must be declared as actual costs (see Article 5.2(d)).
1.4.3 The costs must comply with the following conditions for eligibility:
6.1 (a)) • not exceed the depreciation costs of similar equipment, infrastructure or assets • not include any financing fees • fulfil the additional cost eligibility conditions set out in Article 11.1.
1.4.4 The costs must correspond to the amount paid by the beneficiary and must not exceed the depreciation cost of the third party.
Equipment Costs. The Consultant shall not be reimbursed for the purchase of any equipment that has not been authorized by the City.
(1) Prior authorization in writing, by the Local Agency’s Contract Manager shall be required before the Consultant enters into any unbudgeted purchase order, or subcontract exceeding $5,000 for supplies, equipment, or Consultant services. The Consultant shall provide an evaluation of the necessity or desirability of incurring such costs.
(2) For purchase of any item, service or consulting work not covered in the Consultant’s Cost Proposal and exceeding $5,000 prior authorization by the Local Agency Contract Manager; three competitive quotations must be submitted with the request, or the absence of bidding must be adequately justified.
(3) Any equipment purchased as a result of this contract is subject to the following: “The Consultant shall maintain an inventory of all nonexpendable property. Nonexpendable property is defined as having a useful life of at least two years and an acquisition cost of $5,000 or more. If the purchased equipment needs replacement and is sold or traded in, the Local Agency shall receive a proper refund or credit at the conclusion of the contract, or if the contract is terminated, the Consultant may either keep the equipment and credit the Local Agency in an amount equal to its fair market value, or sell such equipment at the best price obtainable at a public or private sale, in accordance with established Local Agency procedures; and credit the Local Agency in an amount equal to the sales price. If the Consultant elects to keep the equipment, fair market value shall be determined at the Consultant’s expense, on the basis of a competent independent appraisal of such equipment. Appraisals shall be obtained from an appraiser mutually agreeable to by the Local Agency and the Consultant, if it is determined to sell the equipment, the terms and conditions of such sale must be approved in advance by the Local Agency.”
Equipment Costs. Costs of equipment, infrastructure or other assets contributed in- kind against payment
Equipment Costs. The Recipient must submit vendor quotes for equipment with an individual item cost of $50,000 or more, for approval by the Contracting Officer. Supplies Costs: The Recipient must submit cost justification for the following supplies costs: for approval by the Contracting Officer.
