Common use of Reasonable cost Clause in Contracts

Reasonable cost. In connection with the Corps construction of a well, means the lesser of: (i) The cost of the Chief of Engineers to construct a well in accordance with these regulations, exclusive of: (A) The cost of transporting equip- ment used in the construction of xxxxx, and (B) The cost of investigation and re- port preparation to determine the suit- ability to construct a well, or, (ii) The cost to a private business of constructing such a well.