Open Book Pricing. Open book pricing will be required such that the ESCO will fully disclose all labor and material costs. Costs will be evaluated by the University through price analysis to compare costs with reasonable criteria such as established catalog and market prices or historical prices.
Open Book Pricing. Open book pricing will be required, such that the Contractor shall fully disclose all costs of materials and labor purchased and subcontracted by the Contractor and a list of hourly rates and position descriptions for labor or services provided by the Contractor. Estimates for number of hours required for the project and deviations of these budgeted hours shall require prior written approval by the owner or shall not be paid. Contractor shall maintain cost accounting records on authorized work performed under actual costs for labor and material, or other basis requiring accounting records. Contractor shall afford Agency access to these records and preserve them for a period of three (3) years after final payment. Costs will be evaluated through price analysis to compare costs with reasonable criteria such as established catalog and market prices or historical prices. The pricing methodology and individual cost markups disclosed during preliminary contract negotiations will be expected to be applied, providing the scope and size of the project remain the same as assumed when markups were disclosed.
Open Book Pricing. Section 3.7: This section establishes that the ESCO will fully disclose all costs, providing access to records for all labor and material costs, making them available for three years beyond final payment. Open book pricing will be required, such that the Contractor will fully disclose all costs of materials and labor purchased and subcontracted by the ESCO and a list of hourly rates and position descriptions for labor or services provided by the ESCO. Estimates for number of hours required for the project and deviations of these budgeted hours shall require prior written approval by the owner or shall not be paid. Contractor will maintain cost accounting records on authorized work performed under actual costs for labor and material, or other basis requiring accounting records. Contractor will afford Agency access to these records and preserve them for a period of three (3) years after final payment. Costs will be evaluated through price analysis to compare costs with reasonable criteria such as established catalog and market prices or historical prices. The pricing methodology and individual cost markups disclosed during preliminary contract negotiations will be expected to be applied, providing the scope and size of the project remain the same as assumed when markups were disclosed. Institution shall have the right to audit all books and records (in whatever form they may be kept, whether written, electronic or other) relating or pertaining to this contract or agreement (including any and all documents and other materials, in whatever form they may be kept, which support or underlie those books and records), kept by or under the control of the ESCO, including, but not limited to those kept by the ESCO, its employees, agents, assigns, successors and subcontractors. The ESCO shall maintain such books and records, together with such supporting or underlying documents and materials, for the duration of this contract or agreement and for at least 3 years following the completion of this contract, guarantee period, or agreement, including any and all renewals thereof. The books and records, together with the supporting or underlying documents and materials shall be made available, upon request, to through its employees, agents, representatives, contractors or other designees, during normal business hours at the ESCO’s office or place of business. In the event that no such location is available, then the books and records, together with the supporting or underly...
Open Book Pricing. Open-book pricing may be required, such that CONTRACTOR shall fully disclose all costs. CONTRACTOR shall maintain cost accounting records on authorized work performed documenting actual costs for labor and material, or other basis agreed to by DCAMM. CONTRACTOR shall afford DCAMM access to these records and preserve them for a period of three (3) years after the Final Project Notification Approval Date. Costs shall be evaluated through price analysis to compare costs with reasonable criteria such as established catalog and market prices or historical prices. The pricing methodology and individual cost mark-ups shall be as provided for in Schedule A-5: Instructions/Model Forms.
Open Book Pricing. Open book pricing will be required, such that the Contractor will fully disclose all costs. Contractor will maintain cost accounting records on authorized work performed under actual costs for labor and material, or other basis requiring accounting records. Contractor will afford Owner access to these records and preserve them for a period of three (3) years after final payment. Costs will be evaluated through price analysis to compare costs with reasonable criteria such as established catalog and market prices or historical prices. Any evaluation of costs shall be the sole responsibility of the Owner. The pricing methodology and individual project percentage costing disclosed during preliminary contract negotiations will be expected to be applied, providing the scope and size of the Project remain the same as assumed when project percentage costing was disclosed.
Open Book Pricing. The Contractor shall fully disclose all costs of materials and labor purchased and subcontracted by the Contractor and a list of hourly rates and position descriptions for labor or services provided by the Contractor. Estimates for number of hours required for the project and deviations of these budgeted hours shall require prior written approval by the State or shall not be paid. Contractor shall maintain cost accounting records on authorized work performed under actual costs for labor and material, or other basis requiring accounting records. Contractor shall retain these records and afford the State access thereto pursuant to Master Contract, Section 9: State Audits. Costs will be evaluated through price analysis to compare costs with reasonable criteria such as established catalog and market prices or historical prices. The pricing methodology and individual cost markups disclosed during preliminary contract negotiations will be expected to be applied, providing the scope and size of the project remain the same as assumed when markups were disclosed. WOC – Agency – Contractor 14
Open Book Pricing. Open book pricing will be required, such that the ESCO shall fully disclose all costs. ESCO shall maintain cost accounting records on authorised work performed documenting actual costs for labour and material, or other basis agreed to by the Customer. ESCO shall afford Customer access to these records and preserve them for a period of three (3) years after final payment. Costs shall be evaluated through price analysis to compare costs with reasonable criteria such as established catalogue and market prices or historical prices. The pricing methodology and individual cost xxxx-ups disclosed during preliminary contract negotiations shall be expected to be applied in costs presented in any subsequent technical audit or performance contract, providing the scope and size of the project remain the same as assumed when xxxx-ups were disclosed.
Open Book Pricing. The Contractor shall fully disclose all costs of materials and labor purchased and subcontracted by the Contractor and a list of hourly rates and position descriptions for labor or services provided by the Contractor. Estimates for number of hours required for the project and deviations of these budgeted hours shall require prior written approval by the State Institution or shall not be paid. Contractor shall maintain cost accounting records on authorized work performed under actual costs for labor and material, or other basis requiring accounting records. Contractor shall retain these records and afford the State access thereto pursuant to Master Contract, Section 9: State Audits. Costs will be evaluated through price analysis to compare costs with reasonable criteria such as established catalog and market prices or historical prices. The pricing methodology and individual cost markups disclosed during preliminary contract
Open Book Pricing. Construction Manager acknowledges that this Agreement is to be administered on an "open book" arrangement relative to Costs of the Work. Construction Manager shall keep full and detailed accounts and exercise such controls as may be necessary for proper financial management, using accounting and control systems in accordance with generally accepted accounting principles and as may be provided in the Contract Documents. The Owner and the Owner’s accountants shall be afforded access to review and audit the Construction Manager’s records as set forth in the AIA Document A201–2017, General Conditions of the Contract for Construction, as modified.
Open Book Pricing. 6.1.1 Open book pricing will be required for a cost reasonableness review, such that COMPANY will fully disclose all costs of materials and labor purchased and subcontracted by COMPANY and descriptions for labor or services provided by COMPANY. COMPANY will maintain cost accounting records on authorized work performed under actual costs for labor and material, or other basis requiring accounting records. COMPANY will afford the CITY access to these records and preserve them for a period of three (3) years after final payment.
