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
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Actual cost of the work means in the case of percentage rate contracts the
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Examples of Actual cost of the work in a sentence

  • Earnest Money deposit shall be as mentioned in the tender document and the Security Money shall be 5% of the Actual cost of the work the E.M.D. would be converted into Security amount in respect of successful tenderer.

  • 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.

  • Actual cost of the work performed to bring property into compliance.

  • Earnest Money deposit shall be as mentioned in the tender doc ument and the Security Money shall be 5% of the Actual cost of the work the E.M.D. would be converted into Security amount in respect of successful tenderer.

  • Actual cost of the work (true value of the work)The average cost of the work related to each sub-trade calculated on the ba- sis of tenders received by the Bureau des soumissions déposées du Québec (BSDQ) where available or, otherwise, on the basis of average costs supplied by the General Contractors.

  • Earnest Money deposit shall be as mentioned in the tender document and the Security Money shall be 5% of the Actual cost of the work the E.M. D.

  • 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).

Related to Actual cost of the work

  • Cost of work , in table above, shall mean the agreement amount of the work.

  • Approved costs means the eligible costs or expenditures2 as approved by the Provider, and as defined in the Agreement or Decision on Grant Funding to carry out the Grant Project.

  • 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.

  • Related Costs means lodging and, if necessary, physical protection for the Covered Person during or while waiting for Transport to the Nearest Place of Safety. Related Costs will include temporary lodging, if necessary, while a Covered Person is waiting to be transported back to the Host Country, Home Country or other country where the Policyholder that sponsored the Covered Person’s Trip is located. Benefits will not be payable for Related Costs unless We (or Our authorized assistance provider) authorize in writing, or by an authorized electronic or telephonic means, all expenses in advance, and services are rendered by Our assistance provider.

  • Direct Costs means the sum of the following:

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Eligible Costs means the actual costs reasonably incurred by the Recipient: