Common use of Material Costs Clause in Contracts

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. 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 including, but not limited to, Contractor’s supplier(s)’ actual cost(s) available from supplier quotations or if these the standard industry pricing guide “Trade Service.” If those are not available, material costs shall be developed second from supplier quotations. If those are not available, material costs shall be developed third from other standard industry pricing guides. Material costs shall consider include all available discounts. Freight costs, express charges, or special delivery charges, charges shall be itemized.