Actual cost of the work definition

Actual cost of the work means in the case of percentage rate contracts the actual cost of the work executed at the rates as mentioned in the Contract Schedule adjusted by the Contractor's percentage rate and cost of extra and excess, but excluding the cost on account of Water Charges and Sewerage Charges if any, payable by the contractor and also excluding cost on account of price variation claims as provided in price variation clause as amended up to date.
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Actual cost of the work means in the case of percentage rate contracts the actual cost of the work executed at the rates as mentioned in the Contract Schedule adjusted by the Contractor's percentage rate and cost of extra and excess, but excluding the cost on account of Water Charges and Sewerage Charges if any, payable by the contractor
Sample 1Sample 2Sample 3
Actual cost of the work means in the case of percentage rate contracts the actual cost of the work executed at the rates as mentioned in the Contract Schedule adjusted by the Contractor's percentage rate and cost of extra and excess, but excluding the cost on accountof Water Charges and Sewerage Charges if any, payable by the contractor and also excluding cost on account of price variation claims as provided in price variation clause as amended up to date.
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Examples of Actual cost of the work in a sentence

  • Actual cost of the work must be documented by the Construction Manager as compared to the Guaranteed Maximum Price agreement.

  • Actual cost of the work shall be documented by the Construction Manager as compared to the Guaranteed Maximum Price agreement.

  • A further sum of 8% (eight percent) of the Gross value of each interim/ running account bill/ final bill shall be deducted as Retention money to make up, together with the Initial Security Deposit, a total Security Deposit equal to 5.0 % of the amount of the accepted value of the tender (Actual cost of the work).


More Definitions of Actual cost of the work

Actual cost of the work means in the case of percentage rate contracts the
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Related to Actual cost of the work

  • Cost of the Work means those costs described in Paragraph 11.2.

  • Actual Costs means any costs, direct losses and expenses (including any loss of revenue) reasonably incurred or reasonably expected to be incurred by the Train Operator including those attributable to limb (f) of a Category 3 Disruption and any increase in Variable Costs but net of:

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • Cleanup costs means expenses (including but not limited to legal and professional fees) incurred in testing for, monitoring, cleaning up, removing, containing, treating, neutralizing, detoxifying or assessing the effects of Pollutants.

  • Actual emissions means the actual rate of emissions in tpy of any regulated pollutant (for fee calculation) emitted from a Part 71 source over the preceding calendar year. Actual emissions shall be calculated using each emissions unit’s actual operating hours, production rates, in-place control equipment, and types of materials processed, stored, or combusted during the preceding calendar year.

  • Construction activity means any clearing, grading or excavation associated with large construction activity or associated with small construction activity.

  • Direct Costs means the sum of the following:

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • Gross Floor Area means the total floor area, measured between the outside of exterior walls or between the outside of exterior walls and the centre line of party walls dividing the building from another building, of all floors above the average level of finished ground adjoining the building at its exterior walls;

  • Actual weight means the actual unladen weight of a vehicle or combination of