Material Costs. Material costs for Change Order work shall be the actual cost of all materials to be used in the performance of construction work including normal wastage allowance as per industry standards, less salvage value, plus 15% for profit and overhead. The material prices shall be supported by valid quotes and invoices from Suppliers. The cost shall include applicable sales taxes, freight and delivery charges and any allowable discounts.
Material Costs. Costs of materials and supplies, equipment, machines, tools and any other goods of a similar nature used or consumed in Petroleum Operations subject to the following.
(a) Acquisition – the Contractor shall only supply or purchase materials for use in Petroleum Operations that may be used in the foreseeable future. The accumulation of surplus stocks and inventory shall be avoided so far as is reasonably practical and consistent with efficient and economical operations. Inventory levels shall, however, take into account the time lag for replacement, emergency needs, weather conditions affecting operations and similar considerations.
(b) Components of costs, arm's length transactions – except as otherwise provided in paragraph 3.8(d), material purchased by the Contractor in arm's length transactions in the open market for use in the Petroleum Operations shall be valued to include invoice price less trade and cash discounts, purchase and procurement fees plus freight and forwarding charges between point of supply and point of shipment, freight to port of destination, insurance, taxes, customs duties, consular fees, excise taxes, other items chargeable against imported materials and, where applicable, handling and transportation expenses from point of importation to warehouse or operating site. Where an Affiliate of the Contractor has arranged the purchase, coordinated the forwarding and expediting effort, a fee equal to four (4) per cent of the value of the materials may be added to the cost of the materials purchased.
(c) Accounting – such material costs shall be charged to the Accounting Records and books in accordance with the "First in, First out" (FIFO) method.
(d) Material purchased from or sold to Affiliates of the Contractor or transferred from other activities of the Contractor to or from Petroleum Operations shall be valued and charged or credited at the prices specified in sub-paragraphs 3.8(d)(i), 3.8(d)(ii) and 3.8(d)(iii).
(i) New material, including used new material moved from inventory (Condition "A"), shall be valued at the current international net price which shall not exceed the price prevailing in normal arm's length transactions in the open market.
(ii) Used material (Conditions "B", "C" and "D"):
Material Costs. This is an itemization of the quantity and cost of materials needed to perform the change in the Work. Material costs shall be developed first from actual known costs, second from supplier quotations or if these are not available, from standard industry pricing guides. Material costs shall consider all available discounts. Freight costs, express charges, or special delivery charges, shall be itemized.
Material Costs. Vendors are to provide an itemized list of material costs associated with the project.
Material Costs. For the purposes of calculating Profits, the cost of Materials shall be the actual cost paid by Manufacturer to its suppliers, including ARI.
Material Costs. Contractor’s cost plus 10 % (shall not exceed 10%) Materials purchased by the Contractor for landscape services shall be charged the actual cost of the materials (excluding all applicable taxes) plus the percentage stated above. Contractor shall pay for all freight charges. Contract shall provide with his invoice a copy of the supplier’s invoice for all materials costing over $50. (No xxxx-up will be applied to the taxes.) Contractor warrants all labor and material used in the work for a period of one (1) year (or in accordance with manufacturer’s warranty if longer) after completion of repairs.
Material Costs. Costs of materials and supplies, equipment, machines, tools and any other goods of a similar nature used or consumed in the Hydrocarbons Operations subject to the following:
a) Acquisition: Contractor shall only supply or purchase materials for use in the Hydrocarbons Operations that may be used in the foreseeable future. The accumulation of surplus stocks and inventory shall be avoided so far as is reasonably practical and consistent with efficient and economical operations. Inventory levels shall, however, take into account the time lag for replacement, emergency needs, weather conditions affecting operations and similar considerations.
b) Components of costs, arm’s length transactions: Except as otherwise provided in paragraph 3.8(d) below, material purchased by the Contractor in arm’s length transactions in the open market for use in the Hydrocarbons Operations shall be valued to include invoice price less trade and cash discounts, purchase and procurement fees plus freight and forwarding charges between point of supply and point of shipment, freight of port of destination, insurance, taxes, customs duties, consular fees, excise taxes, other than items chargeable against important materials and, where applicable, handling and transportation expenses from point of importation to warehouse or operating site.
c) Accounting: Such material costs shall be charged to the accounting records and books based in accordance with the “First in, First out” (FIFO) method;
d) Material purchased from or sold to Affiliates of the Contractor of transferred from other activities of the Contractor to or from the Hydrocarbons Operations shall be valued and charged or credited at the prices specified in paragraphs (i) to
Material Costs. For material cost the billable rate to the City will be calculated as the actual invoice cost to the Contractor plus 10%.
Material Costs. A. Material purchased by the Contractor will be charged the actual cost with no markup.
B. Contractor will provide a copy of the supplier’s itemized invoice for all material, which shall be attached to Contractors request for payment.
Material Costs. Costs for raw materials and third party laboratory costs necessary for the manufacture of Product as specified in the Quality Agreement shall be [***], provided that [***].
