Materials and Subcontracts. (i) The Buyer shall determine allowable costs of direct materials in accordance with Part 31 of the Federal Acquisition Regulations in effect on the date of this Contract. Reasonable and allocable material handling costs may be included in the charge for material, but only to the extent they are excluded from the hourly rate. (Material handling costs are comprised of indirect costs, including, when appropriate, General and Administrative expense, allocated to direct materials in accordance with the Seller’s usual accounting practices). The Seller shall support all material costs claimed by submitting paid invoices, storeroom requisitions, or by other substantiation acceptable to the Buyer.
Materials and Subcontracts. Materials purchased by Contractor for the time and materials Work, and time and materials Work performed by Subcontractors and Sub-subcontractors, shall be invoiced to Owner ***.
Materials and Subcontracts. Allowable costs of materials shall include reasonable and allocable material handling or indirect costs allocated to materials in accordance with the Seller’s usual accounting practices. Seller shall support all material costs claimed by submitting paid invoices or storeroom requisitions, or by other substantiation acceptable to Aerojet. The price of subcontracts which are authorized pursuant to the “Assignment and Subcontracts” clause hereof shall be reimbursable costs hereunder. Reimbursable cost of subcontracts shall be limited to the amounts actually required to be paid by Seller to the subcontractor and shall not include any costs for placing, administration or supervision of the subcontract. The Seller shall, to the extent of its ability, procure materials at the most advantageous prices available with due regard to securing prompt delivery of satisfactory materials, and take all cash and trade discounts, rebates, allowances, credits, salvage, commissions and other benefits.
Materials and Subcontracts. (1) Allowable costs of direct materials shall be determined by the Buyer in accordance with FAR, Subpart 31.2. Reasonable and allocable material handling costs may be included in the charge for material to the extent they are clearly excluded from the hourly rate and approved by Buyer. Material handling costs are comprised of indirect costs, including, when appropriate G&A expense, allocated to direct materials in accordance with the Seller's usual accounting practices consistent with FAR Part 31. Seller shall be reimbursed for items and services purchased directly for this contract only when cash, checks, or other forms of actual payment has been made for such purchased items or services. Direct materials, as referenced by this clause, are defined as those materials which enter directly into the goods to be delivered hereunder, or which are used or consumed directly in connection with the furnishing of such goods or in performing services hereunder.
Materials and Subcontracts. (1) Allowable costs of direct required under the subcontract.
Materials and Subcontracts. Notwithstanding inspection and acceptance by Aerojet Rocketdyne, Inc., the Seller warrants that it will perform the Work under this Contract with the high degree of professional skill and sound practices and judgment normally exercised by recognized professional firms with respect to services of a similar nature or the degree Seller described in proposals or marketing materials, whichever is higher. If the Seller is required to correct or reperform nonconforming Work, Seller shall be subject to this Clause to the same extent as work initially performed.
Materials and Subcontracts. (1) The Contracting Officer will determine allowable costs of direct materials in accordance with Subpart 31.2 of the Federal Acquisition Regulation (FAR) in effect on the date of this contract. Direct materials, as used in this clause, are those materials that enter directly into the end product, or that are used or consumed directly in connection with the furnishing of the end product.
Materials and Subcontracts. (1) Seller shall be reimbursed for items and services purchased directly for the purchase order only when cash, checks, or other forms of actual payment has been made for such purchased items or services. Seller shall support all material costs claimed by submitting paid invoices or storeroom requisitions, or by other substantiation acceptable to Buyer. Direct materials, as referenced by this clause, are defined as those materials which enter directly into the end product, or which are used or consumed directly in connection with the furnishing of such product.
