Common use of Labor Costs and Expenses Clause in Contracts

Labor Costs and Expenses. For WOCs that are predominately Related Services, Consultant may be required to submit a competitive price proposal (see Section 2.2.2, Breakdown of Costs for Services) and/or billing rate data as part of the WOC selection/assignment process (competitive price proposals should be requested only for projects where Agency has prepared a detailed SOW). The initial SOW, proposed costs and profit are subject to negotiation. For Fixed-Price WOC assignments made on the basis of low bid among qualified firms and when there is adequate price competition, Agency may elect to make the assignment without negotiation of costs and profit (and without requiring submittal of a detailed breakdown of costs). If Agency determines pricing is not reasonable or there is not adequate price competition, upon request by Agency, Consultant shall submit a detailed cost estimate and enter negotiations of costs and profit. For WOCs that are predominately Professional Services (or Related Services where competitive price proposals were not requested); following initial agreement on the SOW tasks, deliverables and schedule, Agency and Consultant will develop independent cost estimates and negotiate the appropriate hours, classifications and direct non-labor expenses (as allowable) for the Services included in the WOC. The initial SOW and budget are both subject to negotiation.

Appears in 2 contracts

Samples: Price Agreement, Price Agreement

AutoNDA by SimpleDocs

Labor Costs and Expenses. For WOCs that are predominately Related Services, Consultant may be required to submit a competitive price proposal (see Section 2.2.2, Breakdown of Costs for Services) and/or billing rate data as part of the WOC selection/assignment process (competitive price proposals should be requested only for projects WOCs where Agency has prepared a detailed SOW). The initial SOW, proposed costs and profit are subject to negotiation. For Fixed-Price WOC assignments made on the basis of low bid among qualified firms and when there is adequate price competition, Agency may elect to make the assignment without negotiation of costs and profit (and without requiring submittal of a detailed breakdown of costs). If Agency determines pricing is not reasonable or there is not adequate price competition, upon request by Agency, Consultant shall submit a detailed cost estimate and enter negotiations of costs and profit. For WOCs that are predominately Professional Services (or Related Services where competitive price proposals were not requested); following initial agreement on the SOW tasks, deliverables and schedule, Agency and Consultant will develop independent cost estimates and negotiate the appropriate hours, classifications and direct non-labor expenses (as allowable) for the Services included in the WOC. The initial SOW and budget are both subject to negotiation.

Appears in 2 contracts

Samples: Price Agreement, Price Agreement

AutoNDA by SimpleDocs

Labor Costs and Expenses. For WOCs that are predominately Related Services, Consultant may be required to submit a competitive price proposal (see Section 2.2.2, Breakdown of Costs for Services) and/or billing rate data as part of the WOC selection/assignment process (competitive price proposals should be requested only for projects WOCs where Agency has prepared a detailed SOW). The initial SOW, proposed costs and profit are subject to negotiation. For Fixed-Price WOC assignments made on the basis of low bid among qualified firms and when there is adequate price competition, Agency may elect to make the assignment without negotiation of costs and profit (and without requiring submittal of a detailed breakdown of costs). If Agency determines pricing is not reasonable or there is not adequate price competition, upon request by Agency, Consultant shall submit a detailed cost estimate and enter negotiations of costs and profit. For WOCs that are predominately Professional Services (or Related Services where competitive price proposals were not requested); following initial agreement on the SOW tasks, deliverables and schedule, Agency and Consultant will develop independent cost estimates and negotiate the appropriate hours, classifications and direct non-labor expenses (as allowable) for the Services included in the WOC. The initial SOW and budget are both subject to negotiation.

Appears in 1 contract

Samples: www.bidnet.com

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