Subcontractor Expenses Clause Samples
The Subcontractor Expenses clause defines how costs incurred by a subcontractor in the performance of their work are handled under the contract. Typically, this clause specifies which expenses are reimbursable, such as travel, materials, or equipment, and may outline the process for submitting expense claims and obtaining approval. Its core function is to clarify financial responsibilities and prevent disputes over which party is liable for specific costs, ensuring transparency and predictability in project budgeting.
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Subcontractor Expenses. The actual, direct costs and expenses incurred by GE for the services of subcontractors and consultants including subcontractors engaged to manage, transport and dispose of hazardous and toxic substances, ("Subcontractor Expenses"), shall be Reimbursable Expenses, provided however, that such costs shall include only reasonable costs reasonably incurred and shall exclude (i) such costs incurred in connection with the Repair and Overhaul of the Gas Turbine Packages, and (ii) such costs properly allocable to GE's general and administrative costs or which are incurred for services for which POA is obligated to compensate GE pursuant to Section 5.08 or otherwise hereunder.
Subcontractor Expenses. Section 7.18 of the Loan Agreement shall be amended and restated in its entirety as follows:
Subcontractor Expenses. Subcontract expenses and outside services shall be reimbursed at cost to ENGINEER plus a markup of ten percent (10%).