Requirements for a Fully Cost Sample Clauses

Requirements for a Fully Cost. Loaded Schedule. In addition to the general requirements for the Master Project Schedule as indicated herein, the CMR must also comply with the following specific requirements to ensure its Master Project Schedule, and all monthly updates, are cost-loaded sufficiently for the Judicial Council’s approval and as a basis for CMR’s monthly progress payments. 3.9.1.2.1. Schedule activities must be cost-loaded in whole dollars and the assigned dollar value of the schedule activities must cumulatively equal the total Contract Price. 3.9.1.2.2. The tasks and amounts in the cost-loaded schedule will be utilized as the basis for progress payment purposes. 3.9.1.2.3. Insurance and Bonds must be listed separately. Copies of paid invoices for bonds and insurance must be submitted with the first Master Project Schedule. 3.9.1.2.4. Activities must only be assigned their respective direct costs and must not include any CMR overhead and/or markups. 3.9.1.2.5. The Master Project Schedule must identify a separate activity running throughout the Project duration with the budgeted cost of all of the CMR’s time-related overhead including, but not limited to jobsite expenses and indirect cost, home office overhead, profit and contingency (if any). 3.9.1.2.6. Payment for overhead costs will be made on a time-related basis, where the percent earned through each monthly, updated Master Project Schedule will equal the percent of time lapsed from the applicable Notice to Proceed to Completion. 3.9.1.2.7. Master Project Schedule procurement activities must not be cost-loaded. Material and equipment costs must be included in their respective installation activity(s) and identified separately as a material type resource. Assigned material and equipment costs must not include any indirect costs. Any reimbursement of materials and equipment prior to their installation will be subject to the applicable provisions in the Contract Documents. 3.9.1.2.8. With the exception of Milestones and Submittal activities, any and all activities performed by the CMR or any of its Subcontractors, must be cost-loaded. 3.9.1.2.9. Excluding material and equipment costs, Schedule activities must not have individual dollar values in excess of $100,000. 3.9.1.2.10. The cost-loading of activities must be commensurate with the true value of labor, equipment and material. Unbalanced, inconsistent, or front-end loaded cost allocation is prohibited and will be grounds for rejection of the CMR’s proposed Master Proje...