Common use of Materials and Subcontracts Clause in Contracts

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. Allowable costs of materials shall include reasonable and allocable material handling or indirect costs allocated to materials in accordance with the Seller's ’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.