Open Book Pricing Sample Clauses

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. 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. Open book pricing will be required, such that the ESCO 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 the number of hours required for the project and deviations of these budgeted hours shall require prior written approval by the Department or shall not be paid. ESCO will maintain cost accounting records on authorized work performed under actual costs for labor and material, or other basis requiring accounting records. The ESCO will give Department 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. The Department and/or District 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 (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 and for at least three (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, electronically to the District through its employees, agents, representatives, contractors, or other designees, during normal business hours.

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.

Open Book Pricing. Solectron will provide open book pricing to Handspring for Tier 2 components. On a monthly basis, Solectron will provide Handspring both weighted average pricing for each Tier 1 and Tier 2 component (accounting for on-hand and on-order inventory) and actual (unburdened)component pricing by supplier for each supplier used. Handspring will have the right to audit Tier 1 and Tier 2 material pricing subject to supplier and customer confidentiality agreements. Solectron will also report lead times by part number on a monthly basis for all components.

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 11: 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.

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 negotiations will be expected to be applied, providing the scope and size of the project remain the same as assumed when markups were disclosed. Costs, markups and fees applicable to the cost estimates developed in the Performance of the Contractor’s Duties as specified in Exhibit A: Sample Work Order Contract and Exhibit B: Sample Amended Work Order Contract shall not exceed the maximum amounts established in this exhibit to the Master Contract. Markups shall not be applied to fees. 1. Preliminary Assessment and Analysis The table below provides the maximum fee to conduct the Preliminary Assessment & Analysis portion of the Investment Grade Audit, on a cost per square foot basis. Contractor agrees that the proposed maximum fee shall incorporate its responsibility to adhere to and complete the full scope of work as presented in Exhibit A: Contractor’s Duties for Investment Grade Audit, including any subcontracted work not performed by the Contractor. There may be certain circumstances where ECMs will need to be priced outside the dollar per square foot model. In these cases, negotiations between the Contractor, State Institution, and Minnesota Department of Commerce’s authorized project representatives must take place. Table 1 Proposed Maximum Cost per sq.ft.

Open Book Pricing. CITY shall have the right to review all solicitations or request for bids or quotes issued by or to NORESCO, together with all bids or price quotes received from subcontractors or material suppliers, and any other documents or materials in NORESCO’s possession relating to the process outlined in this Article, which shall be considered an “open book pricing & procurement.”

Open Book Pricing. 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.