Common use of Required Analysis of Costs Clause in Contracts

Required Analysis of Costs. To determine the allowable increase in costs for a given extension year, as specified in ARTICLE V–A(1) or 28(C)(1) of this Contract, the following analysis of the Cost Justification Financial Statement must be undertaken: Step 1: Divide the total applicable annual operating costs by the number of vehicle days for both the base year and the year previous to the base year to determine the average daily cost per vehicle for each of those years. The base year is the year immediately before the extension year to which a rate increase is to be applied. Step 2: Subtract the average daily cost per vehicle for the year previous to the base year from the average daily cost per vehicle for the base year to determine the increase in the average daily cost per vehicle.

Required Analysis of Costs. To determine the allowable increase in costs for a given extension year, as specified in ARTICLE V–-A(1), 28(C)(1) or 28(C)(129(D)(1) of this Contract, the following analysis of the Cost Justification Financial Statement must be undertaken: Step 1: Divide the total applicable annual operating costs by the number of vehicle days for both the base year and the year previous to the base year to determine the average daily cost per vehicle for each of those years. The base year is the year immediately before the extension year to which a rate increase is to be applied. Step 2: Subtract the average daily cost per vehicle for the year previous to the base year from the average daily cost per vehicle for the base year to determine the increase in the average daily cost per vehicle.

Required Analysis of Costs. To determine the allowable increase in costs for a given the extension year, as specified in ARTICLE Section V–A(1) or 28(C)(1) -A 1 of this Contractagreement, the following analysis of the Cost Justification Financial Statement must be undertaken: Step 1: Divide the total applicable annual operating costs by the number of vehicle days for both the base year and the year previous to the base year to determine the average daily cost per vehicle for each of those years. The base year is the year immediately before preceding the extension year to which a rate increase is to be applied. year. EXTENSION AND EIGHTH AMENDMENT OF CONTRACT FOR SPECIAL EDUCATION PUPIL TRANSPORTATION SERVICES Step 2: Subtract the average daily cost per vehicle for the year previous to the base year from the average daily cost per vehicle for the base year to determine the increase in the average daily cost per vehicle.