Items Excluded from the Cost of the Work Sample Clauses

Items Excluded from the Cost of the Work. Any provisions in this Agreement to the contrary notwithstanding, Cost of Work shall NOT include the following items: 8.3.1 Salaries or other compensation of CMR’s personnel stationed at the CMR’s principal office or offices, except as may be specifically provided in Section 8.2.1 above, or as may be provided in UGC Article 11. 8.3.2 Expenses of the CMR’s principal office and other offices. 8.3.3 Overhead and general expenses, except as may be expressly included in Sections 8.2 above. 8.3.4 CMR’s capital expenses, including interest, on the CMR’s capital employed for the Work. 8.3.5 Except as provided in Section 8.1.6.2 of this Agreement, costs due to the negligence or failure of CMR, Subcontractors, or anyone directly or indirectly employed or engaged by any of them, to fulfill a specific responsibility under this Agreement. 8.3.6 Costs of acceleration of the Work arising as a result of delay caused by the negligence of CMR, or its Subcontractor or other persons over whom CMR or any Subcontractor exercises control or is legally responsible, including any and all overtime wages, unabsorbed home office overhead, or other consequential loss incurred by CMR. 8.3.7 Any and all costs not otherwise expressly authorized to be charged as a Cost of the Work herein, including, without limitation, any cost which would exceed the Guaranteed Maximum Price established by the GMP Amendment. 8.3.8 Premium costs/charges for or relating to subcontractor payment and performance bonds and/or subcontractor default insurance. 8.3.9 Any cost not specifically and expressly identified in Sections 8.1 to 8.2 above.
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Items Excluded from the Cost of the Work. Any provisions in this Agreement to the contrary notwithstanding, Cost of Work shall NOT include the following items: 7.3.1 Salaries or other compensation of DB’s personnel stationed at the DB’s principal office or offices, except as may be specifically provided in Section 7.2.1 above, or as may be provided in UGC Article 11. 7.3.2 Expenses of the DB’s principal office and other offices, other than those members of DB’s principal office which perform work or services directly related to this Project. 7.3.3 Overhead and general expenses, except as may be expressly included in Sections 7.2 above. 7.3.4 DB’s capital expenses, including interest, on the DB’s capital employed for the Work. 7.3.5 Except as provided in Section 7.1.6.2 of this Agreement, costs due to the negligence or failure of DB, Subcontractors, or anyone directly or indirectly employed or engaged by any of them, to fulfill a specific responsibility under this Agreement. 7.3.6 Costs of acceleration of the Work arising as a result of delay to the extent caused by the negligence of DB, or its Subcontractor or other persons over whom DB or any Subcontractor exercises control or is legally responsible, including any and all overtime wages, unabsorbed home office overhead, or otherconsequential loss incurred by DB. 7.3.7 Any and all costs not otherwise expressly authorized to be charged as a Cost of the Work herein, including, without limitation. 7.3.8 Premium costs/charges for or relating to subcontractor payment and performance bonds and/or subcontractor default insurance. 7.3.9 Any cost not specifically and expressly identified in Sections 7.1 to 7.2 above. 7.3.10 Costs for services incurred during the Preconstruction Phase of the Project (these are paid as Preconstruction Services).
Sample 1
Items Excluded from the Cost of the Work. Any provisions in this Agreement to the contrary notwithstanding, Cost of Work shall NOT include the following items: 7.3.1 Salaries or other compensation of DB’s personnel stationed at the DB’s principal office or offices, except as may be specifically provided in Section 7.2.1 above, or as may be provided in UGC Article 11. 7.3.2 Expenses of the DB’s principal office and other offices. 7.3.3 Overhead and general expenses, except as may be expressly included in Sections 7.2 above. 7.3.4 DB’s capital expenses, including interest, on the DB’s capital employed for the Work. 7.3.5 Except as provided in Section 7.1.6.2 of this Agreement, costs due to the negligence or failure of DB, Subcontractors, or anyone directly or indirectly employed or engaged by any of them, to fulfill a specific responsibility under this Agreement. 7.3.6 Costs of acceleration of the Work arising as a result of delay caused by the negligence of DB, or its Subcontractor or other persons over whom DB or any Subcontractor exercises control or is legally responsible, including any and all overtime wages, unabsorbed home office overhead, or other consequential loss incurred by DB. 7.3.7 Any and all costs not otherwise expressly authorized to be charged as a Cost of the Work herein, including, without limitation, any cost which would exceed the Guaranteed Maximum Price established by the Design-Build Amendment. 7.3.8 Premium costs/charges for or relating to subcontractor payment and performance bonds and/or subcontractor default insurance. 7.3.9 Any cost not specifically and expressly identified in Sections 7.1 to 7.2 above. 7.3.10 Costs for services incurred during the Preconstruction Phase of the Project (these are paid as Preconstruction Services).
Sample 1

Related to Items Excluded from the Cost of the Work

  • Cost of the Work The sum of all allowable costs necessarily incurred and paid by Contractor in the proper performance of the Work.

  • Ineligible Costs The Recipient agrees that, except as the Federal Government determines otherwise in writing, FTA will exclude ineligible costs incurred in connection with the Award or otherwise, such as: (1) A cost the Recipient has incurred before the Effective Date of the Award as documented in the Underlying Agreement or any Amendments thereto that is not accompanied by FTA’s written approval, including, but not limited to, pre-award authority or a Letter of No Prejudice, and permitted by applicable federal law, regulation, guidance, or the Underlying Agreement or any Amendments thereto; (2) A cost not included in the most recent Award Budget; (3) A cost for property or services received in connection with any third party agreement lacking any FTA approval or concurrence in writing that is required; (4) An ordinary governmental or operating cost not applicable to the Award, as prohibited by 49 U.S.C. § 5323(h)(1); (5) A profit or fee for services provided by the Recipient or any of its Subrecipients in implementing the Award; or (6) A cost that is ineligible for FTA participation as provided in applicable federal law, regulation, requirement, or guidance.

  • Excluded Expenditures The Recipient undertakes that the proceeds of the Financing shall not be used to finance Excluded Expenditures. If the Association determines at any time that an amount of the Financing was used to make a payment for an Excluded Expenditure, the Recipient shall, promptly upon notice from the Association, refund an amount equal to the amount of such payment to the Association. Amounts refunded to the Association upon such request shall be cancelled.

  • Reimbursable Costs 5.3.1. To be considered eligible for reimbursement, costs have to be: • actually incurred, individually identifiable and verifiable, as backed by copies of supporting evidence, as the case may be in the Contractor’s official bookkeeping; this means that no lump sums will be eligible for reimbursement; • necessary in order to perform the tasks as specified in the Terms of Reference (Annex 2); and • cost effective and providing value for money 5.3.2. The following costs are never eligible for reimbursement: • costs for excess baggage; • costs that are covered by the per diem; and • costs that are covered from a source other than this Contract 5.3.3. Travel tickets are reimbursed by EFI up to the cost of economy class level on basis of the most cost efficient itinerary, taking into account ticket price, travel duration, number of connections and safety of the transporting company. 5.3.4. For travel tickets, EFI requires the following documentation as supporting evidence: copies of tickets or electronic reservation, invoices and boarding cards. This documentation must clearly show the class of travel used, the time of travel and the amount paid.

  • Eligible Costs II.14.1 Eligible costs of the action are costs actually incurred by a beneficiary, which meet the following criteria: – they are incurred during the duration of the action as specified in Article I.2.2 of the agreement, with the exception of costs relating to final reports and certificates on the action’s financial statements and underlying accounts; – they are connected with the subject of the agreement and they are indicated in the estimated overall budget of the action; – they are necessary for the implementation of the action which is the subject of the grant; – they are identifiable and verifiable, in particular being recorded in the accounting records of a beneficiary and determined according to the applicable accounting standards of the country where the beneficiary is established and according to the usual cost-accounting practices of the beneficiary; – they comply with the requirements of applicable tax and social legislation; – they are reasonable, justified, and comply with the requirements of sound financial management, in particular regarding economy and efficiency. The beneficiaries’ accounting and internal auditing procedures must permit direct reconciliation of the costs and revenue declared in respect of the action with the corresponding accounting statements and supporting documents. II.14.2 The eligible direct costs for the action are those costs which, with due regard for the conditions of eligibility set out in Article II.14.1, are identifiable as specific costs directly linked to the performance of the action and which can therefore be booked to it direct. In particular, the following direct costs are eligible provided that they satisfy the criteria set out in the previous paragraph: – the cost of staff assigned to the action, comprising actual salaries plus social security charges and other statutory costs included in the remuneration, provided that this does not exceed the average rates corresponding to the beneficiary’s usual policy on remuneration. The corresponding salary costs of personnel of national administrations are eligible to the extent that they relate to the cost of activities which the relevant public authority would not carry out if the project concerned were not undertaken; – travel and subsistence allowances for staff taking part in the action, provided that they are in line with the beneficiary’s usual practices on travel costs or do not exceed the scales approved annually by the Commission; – the purchase cost of equipment (new or second-hand), provided that it is written off in accordance with the tax and accounting rules applicable to the beneficiary and generally accepted for items of the same kind. Only the portion of the equipment's depreciation corresponding to the duration of the action and the rate of actual use for the purposes of the action may be taken into account by the Commission, except where the nature and/or the context of its use justifies different treatment by the Commission; – costs of consumables and supplies, provided that they are identifiable and assigned to the action; – costs entailed by other contracts awarded by a beneficiary for the purposes of carrying out the action, provided that the conditions laid down in Article II.9 are met; – costs arising directly from requirements imposed by the agreement (dissemination of information, specific evaluation of the action, audits, translations, reproduction, etc.), including the costs of any financial services (especially the cost of financial guarantees). Such costs may also include specific costs incurred by the co-ordinator for fulfilling his responsibilities in his capability of the body responsible for the overall management of the action and the co-ordination of the beneficiaries. II.14.3 The eligible indirect costs for the action are those costs which, with due regard for the conditions of eligibility described in Article II.14.1, are not identifiable as specific costs directly linked to performance of the action which can be booked to it direct, but which can be identified and justified by the co-ordinator or a co- beneficiary using their accounting system as having been incurred in connection with the eligible direct costs for the action. They may not include any eligible direct costs. By way of derogation from Article II.14.1, the indirect costs incurred in carrying out the action may be eligible for flat-rate funding fixed at not more than 7% of the total eligible direct costs. If provision is made in Article I.4.2 for flat-rate funding in respect of indirect costs, they need not be supported by accounting documents. II.14.4 The following costs shall not be considered eligible: • return on capital; • debt and debt service charges; • provisions for losses or potential future liabilities; • interest owed; • doubtful debts; • exchange losses; • VAT, unless the beneficiary can show that he is unable to recover it according to the applicable national legislation. VAT paid by public bodies is not an eligible cost; • costs declared by a beneficiary and covered by another action or work programme receiving a Union grant; • excessive or reckless expenditure. II.14.5 Contributions in kind shall not constitute eligible costs. However, the Commission can accept, if considered necessary or appropriate, that the co- financing of the action referred to in Article I.4.3 should be made up entirely or in part of contributions in kind. In this case, the value calculated for such contributions must not exceed: • the costs actually borne and duly supported by accounting documents of the third parties who made these contributions to the beneficiary free of charge but bear the corresponding costs; • the costs generally accepted on the market in question for the type of contribution concerned when no costs are borne. Contributions involving buildings shall not be covered by this possibility. In the case of co-financing in kind, a financial value shall be placed on the contributions and the same amount will be included in the costs of the action as ineligible costs and in receipts from the action as co-financing in kind. The beneficiaries shall undertake to obtain these contributions as provided for in the agreement. II.14.6 By way of derogation from paragraph 3, indirect costs shall not be eligible under a grant for an action awarded to a beneficiary who already receives an operating grant from the Commission during the period in question.

  • Default – Reprocurement Costs In case of Contract breach by Contractor, resulting in termination by the County, the County may procure the goods and/or services from other sources. If the cost for those goods and/or services is higher than under the terms of the existing Contract, Contractor will be responsible for paying the County the difference between the Contract cost and the price paid, and the County may deduct this cost from any unpaid balance due the Contractor. The price paid by the County shall be the prevailing market price at the time such purchase is made. This is in addition to any other remedies available under this Contract and under law.

  • Cost of Repairs 54.1 Loss or damage to the Works or Materials to be incorporated in the Works between the Start Date and the end of the Defects Correction periods shall be remedied by the Contractor at the Contractor's cost if the loss or damage arises from the Contractor's acts or omissions.

  • Reimbursement of Eligible Costs To be eligible for reimbursement, the Engineer's costs must (1) be incurred in accordance with the terms of a valid work authorization; (2) be in accordance with Attachment E, Fee Schedule; and (3) comply with cost principles set forth at 48 CFR Part 31, Federal Acquisition Regulation (FAR 31). Satisfactory progress of work shall be maintained as a condition of payment.

  • Excluded Costs The following items are considered general overhead items and shall not be billed to the District: 2.1.6.1 Salaries and other compensation of Developer’s personnel stationed at Developer’s principal office or offices other than the Project Field Office, except as specifically provided in Subparagraphs 2.1.3.2. and 2.1.3.4. 2.1.6.2 Expenses of Developer’s principal office and offices other than the Project Field Office. 2.1.6.3 Overhead and general expenses, except as may be expressly included in this Section 2. 2.1.6.4 Developer’s capital expenses, including interest on Developer’s capital employed for the Work. 2.1.6.5 Costs that would cause the Guaranteed Maximum Price (as adjusted by Change Order) to be exceeded.

  • Construction Period During the construction period, Redeveloper agrees to keep the construction area, including completed operations insured against loss or damage by fire, and such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the Private Improvements to its prior condition within nine (9) months from the date of the damage or destruction, and shall diligently pursue the same to completion.

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