Recoverable Costs. In any Calendar Year, Recoverable Costs are, subject as further provided in Annex C, the sum of those of the following that are not ineligible costs:
(a) the sum of:
(i) Recoverable Exploration Costs;
(ii) Recoverable Appraisal Costs;
(iii) Recoverable Capital Costs; and
(iv) Recoverable Operating Costs;
(b) additions to the Decommissioning Costs Reserve, if any, allowable in that Calendar Year;
(c) Recoverable Costs in the previous Calendar Year, to the extent in excess of the value of the Contractor’s share of Petroleum under sub-paragraph 7.1(b)(i) in that previous Calendar Year; plus
(d) a Quarterly amount equal to the product of the rate of Uplift and the Quarterly balance of outstanding Recoverable Costs; less Miscellaneous Receipts and less any deductions pursuant to paragraph 7.4(a).
Recoverable Costs. 11.7.1 Delay damages may be recoverable for the following costs actually and necessarily incurred in the performance of the Work:
11.7.1.1 Direct labor, including payroll taxes (subject to statutory wage caps) and supplemental benefits, based on time and materials records;
11.7.1.2 Necessary materials (including transportation to the Site), based on time and material records;
11.7.1.3 Reasonable rental value of necessary plant and equipment other than small tools, plus fuel/energy costs according to the applicable formula set forth in Articles 26.2.4 and/or 26.2.8, based on time and material records;
11.7.1.4 Insurance and bond costs;
11.7.1.5 Extended field office costs;
11.7.1.6 Extended Site overhead; and
11.7.1.7 Extended home office overhead.
Recoverable Costs. 11.7.1. Delay damages may be recoverable for the following costs actually and necessarily incurred in the performance of the Work:
11.7.1.1. Direct labor, including payroll taxes (subject to statutory wage caps) and supplemental benefits, based on time and materials records;
11.7.1.2. Necessary materials (including transportation to the Site), based on time and material records;
11.7.1.3. Reasonable rental value of necessary plant and equipment other than small tools, plus fuel/energy costs according to the applicable formula set forth in Articles 26.2.4 and/or 26.2.8, based on time and material records;
11.7.1.4. Additional insurance and bond costs;
11.7.1.5. Extended Site overhead field office rental, salaries of field office staff, on-site project managers and superintendents, field office staff vehicles, Project-specific storage, field office utilities and telephone, and field office consumables;
11.7.1.6. Labor escalation costs based on actual costs;
11.7.1.7. Materials and equipment escalation costs based on applicable industry indices unless documentation of actual increased cost is provided;
11.7.1.8. Additional material and equipment storage costs based on actual documented costs and additional costs necessitated by extended manufacturer warranty periods; and
11.7.1.9. Extended home office overhead calculated based on the following formula:
(1) Subtract from the original Contract amount the amount earned by original contractual Substantial Completion date (not including change orders);
Recoverable Costs. Costs incurred in relation to the Petroleum Activities will be considered Recoverable Costs under this Contract only if they meet the terms of the guidelines issued by the Ministry of Finance in effect on the date of award, and the Accounting Procedures. Approval of the Work Programs and Budgets by CNH means only that the Contractor has technical authorization to conduct the activities established in the approved Work Programs and to incur Costs and expenses related to such activities. Once all Costs associated with the Work Programs are incurred, any Cost actually incurred may be considered a Recoverable Cost, only if it complies with all of the requirements set forth in the guidelines issued by the Ministry of Finance in effect as of the awarding date of this Contract and the Accounting Procedures.
Recoverable Costs. Bechtel shall be entitled to reimbursement for the following Recoverable Costs for Design Services: (i) the cost of Bechtel employees performing Design Services as provided in the Unit Rate Schedule attached hereto as Appendix 5.1.2, (ii) ordinary and reasonable expenses of relocation, transportation (coach or equivalent class only) and subsistence (or per diem, if applicable) in connection with such Design Services (excluding travel within the San Francisco Bay Area or within the other localities in which the DC Projects are located) in accordance with reasonable policies and procedures established by Bechtel; (iii) long-distance communications, facsimile communications (long distance only), courier services, and express mail; (iv) ordinary and reasonable expenses of reproduction, postage and handling of drawings, specifications and other documents (not for internal use); (v) if authorized in advance in writing by Webvan, expense of overtime work by non-exempt employees of Bechtel or any approved Subconsultants requiring higher than regular rates; (vi) ordinary and reasonable expenses of renderings, models and mock-ups requested in writing by Webvan; (vii) ordinary and reasonable expenses of photographic production techniques and photography and photo prints used for a DC Project; and (viii) ordinary and reasonable fees and costs incurred by Bechxxx'x xxxroved Subconsultants in performing Design Services, which fees and costs of Subconsultants shall be evidenced by invoices (copies of which are provided to Webvan) providing in reasonable detail the actual amount of time billed by the employees of any such Subconsultants, a description of the work performed, and a detailed description of any and all approved Recoverable Costs incurred by such Subconsultant. Any and all other costs and expenses incurred by Bechtel in performing the Design Services which are not covered in the preceding sentence shall require the prior written approval of Webvan and unless such prior approval is given, Webvan shall not reimburse Bechtel for such costs and expenses.
Recoverable Costs. A separate packaging and collection charge for the Raw Materials at the inception of this Agreement shall be *** per pound — cardboard/pallet or *** per pound — BPI plastic vat, respectively. This charge shall be reviewed annually and adjusted as necessary (either up or down), with the goal to ensure that it closely approximates NBP’s actual “Recoverable Costs,” as identified below. Recoverable Costs shall include the actual labor costs, including fringe benefits as defined below, for production workers involved with collection of the Raw Materials and other recoverable costs associated with the collection and packaging of the Raw Materials (as may be agreed upon by the parties) that NBP incurs specifically for the purpose of collecting and/or packaging the Raw Materials. In addition to labor costs, these costs may include equipment installation and other similar costs to be borne by NBP. Before inclusion as a Recoverable Cost, the parties will review and determine efficacy and, if installed, proper amortization schedule for inclusion in Recoverable Costs. Where actual costs are not reasonably available, NBP may use standard or estimated costs, subject to adjustment to actual costs at the end of each fiscal year. NBP agrees that expenses charged to BPI shall be reasonable in kind and amount. The number of full-time employees utilized by NBP to produce the Raw Materials will vary by Location. The parties shall review the headcount and productivity for each Location on at least a quarterly basis. Fringe benefits include, without limitation, company paid employment taxes, company paid health, life and disability insurance, workers compensation costs, vacation days, paid holidays, deferred compensation benefit/bonus contributions and other similar fringe benefits mutually agreed to, and consistent with fringe benefits of similar employees of NBP. For the convenience of the parties, the recovery for fringe benefits will be expressed as a percentage of the direct labor costs. NBP may vary the percentage figure used on a monthly basis as may be required from time to time to obtain full recovery. The dollar amount of the recovery of fringe benefits shall be determined by multiplying the labor cost of the hourly workers employed in the collection of Raw Materials by a fraction, the numerator of which is the total fringe benefit costs for NBP’s applicable Location and the denominator of which is the total direct labor cost for the applicable Location. In the event o...
Recoverable Costs. (a) Each Contractor’s accounts shall be prepared and maintained in accordance with Annex C.
(b) Only costs and expenses incurred by the Operator in carrying on Petroleum Operations, including additions to the Decommissioning Fund, and (unless there is only one Contractor and the Contractor is the Operator) properly charged to the Contractor under an agreement made between them and approved by the Ministry, are Recoverable Costs, but without prejudice to any other provision of this Contract which would result in any such cost or expense not being a Recoverable Cost.
(c) Upon evidence showing any cost to be uncompetitive, the Ministry has the right to disallow it as a Recoverable Cost.
(d) Subject to Annex C and the auditing provisions of this Contract, Contractor shall recover costs and expenses duly verified in accordance with Article 8 of this Contract in respect of the Petroleum Operations hereunder to the extent of and out of hundred percent (100%) of all available Crude Oil and/or all available Natural Gas taking into account of Article 9.1(a)(i) from the Contract Area.
Recoverable Costs. For the purpose of determining the sharing of petroleum, all past costs and capital costs shall be recovered first, any remaining revenue will then to recover operating cost for the calendar year. Subject to Annex C, in any Calendar Year, Recoverable Costs are the sum of those of the following that are not Ineligible Costs:
(a) The sum of:
(i) Recoverable Exploration Costs;
(ii) Recoverable Appraisal Costs;
(iii) Recoverable Capital Costs; and
(iv) Recoverable of Operating costs.
(b) Decommissioning provision as calculated under article 6.1(c) allowable in that Calendar Year without taking into account the interests accruing to the Decommissioning Fund;
(c) Recoverable Costs in the previous Calendar Year, to the extent in excess of the value of the Contractor’s share of Petroleum under Article 9.1(b)(i) in that previous Calendar Year; and
(d) Aquarterly amount equal to the product of the rate of Uplift and the Quarterly balance of outstanding Recoverable Costs; and less Miscellaneous Receipts and less any deductions pursuant to Article 9.4(a). Uplift is not compounded and only applies for current calendar year capital expenditure incurred (exploration, appraisal and development capital), For the purpose of calculating opening balance of unrecovered costs for next calendar year, any remaining unrecovered costs in calendar year in question shall be escalated at 2.00% only.
Recoverable Costs. Only the following costs may be recoverable by the Contractor as compensation for delay damages in connection with Section 11.4.1:
(a) Direct costs consisting of:
(i) Actual additional salaried and non-salaried on-site labor expenses;
(ii) Actual additional costs of materials;
(iii) Actual additional equipment costs, based solely on actual ownership costs of owned equipment or actual reasonable costs of rented or leased equipment;
(b) Actual additional costs, proven by clear and convincing evidence, subject to the review and approval of the Owner as to eligibility as a recoverable expense.
Recoverable Costs. Section 5.1.2
